LUZHENG Futures: the decline of rubber slowed down and many parties tried to rebound.
I. summary of trading in the previous trading day
the 0811 contract of Shanghai Tianjiao futures opened slightly higher yesterday. After a slight unloading, there was a stopover phenomenon. After the rush, the condensed DNA molecules can be physically stretched to read their code. It fell down when it was blocked at 22300 in the early stage, and then fluctuated higher. There was a relatively obvious strong pull-up in the late session, and the final market closed at 22360 yuan/ton, Up 2.36%. The trading volume was significantly larger than the day before yesterday, and the position increased slightly. The trend of Shanghai Tianjiao futures 0809 contract was weaker than that of 0811 contract. The trading volume decreased and the position decreased rapidly
II. Recent fundamentals
comprehensive foreign news on August 18, Peter chin, Malaysian Minister of planting industry and commodities, recently said that Malaysia's natural rubber production in 2008 is expected to decline by at least 1%-2% to about 1.18 million tons due to adverse weather conditions and labor shortages. Nearly a quarter of the natural rubber imported by China every year comes from Malaysia, but the natural rubber imported from Malaysia accounted for only 20% of the total import during August 2008. However, the quantity of natural rubber exported to China is expected to increase in the second half of the year, as China may have re entered the market for new shipments
European and American data 324 stadium almost benefited the dollar on one side, and the commodity rebound fell short and resumed its decline. In the overnight trading, whether the US CPI and employment data are high, or the European second quarter GPD data has shrunk for the first time since 1995, the macro data of the world's major economies unanimously pointed to the direction of bullish US dollars. Many institutions raised their expectations for the US dollar index during the year, which more organically suggests that the US dollar has successfully bottomed out. In addition, Feng Li and he Wensheng analyzed the relationship between oil price and rubber price. The results show that y is the price of Japanese rubber, and the coefficient of change for X is 1.0614, that is, after statistical analysis, the price of crude oil and Japanese rubber are not only significantly correlated, but also linearly correlated. It can be expressed in popular language. 1. For a detailed introduction to the performance characteristics of the experimental machine, see "equipment proposal"; For each unit of increase or decrease in crude oil, the change range of Japanese gum is 1.0614, r
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