The hottest Tianjiao still faces the heavy pressur

2022-09-30
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Tianjiao is still facing the heavy pressure of bad news

since the middle and late February, both Japanese and Shanghai Jiaotong have launched a decline in demand. The root cause is that the benefits of the global supply of natural rubber in the off-season and the growth of Chinese tires have weakened with the rise of rubber prices, while the supply pressure, the appreciation of relevant currencies, short capital and other negative conditions are highlighted in the high rubber prices

it is predicted that Thailand's natural rubber production may increase by 3.3% to 3.1 million tons this year, due to the expansion of 120000 new plantations, followed by rust prevention: hectares during normal use. Last year, the output of natural rubber was 3million tons. SABIC (the abbreviation of Saudi Basic Industry Corporation) is the world's second largest chemical company. It is expected that the output of rubber will increase by 4.8% to 3.25 million tons next year. By 2010, Thailand's rubber production is expected to exceed 3.3 million tons, due to new rubber tree seeds. The northeast of the country will develop new rubber forest cultivation projects, which will add new rubber production to Thailand in the next few years. Thailand's rubber export this year will increase to 2.95 million tons, slightly higher than the export volume of 2.9 million tons in 2007. As a result, the output and export of natural rubber in Thailand have both increased

with the spread of the U.S. subprime mortgage crisis, the possibility of U.S. economic recession has increased, and the financial industry has been violently volatile, which has led to the credit crunch and economic downturn. Arbitrageurs usually obtain funds from Japan at low borrowing costs and invest in currencies with higher interest rates. When the risk and profit increase at the same time, arbitrage transactions close positions, prompting the appreciation of the yen, thereby suppressing the Tokyo glue

at present, the main funds in Tokyo rubber market are basically in a long and short one-on-one lock state. Although the total position remains net and long, the main long positions are some fund companies, and the main short positions are brokerage companies with spot background. In the face of the global financial turmoil and the sharp fluctuations of crude oil and the yen, the fund chased up and down, resulting in the sharp fluctuation of the futures price of Japanese glue. Since late February, there have been two huge overcasts around 320 yen, with a range of 7 yen to 10 yen. The rising trend of Tokyo glue is under the increasingly heavy pressure of capital profit repatriation

since the beginning of this year, due to the diversion of future market precipitation funds to other active varieties, and the lack of active entry of external incremental funds due to the adoption of imitation signal control for such electromechanical products, the position of Shanghai Jiao has maintained a small scale of less than 100000 hands, once reduced to more than 77000 hands, and remained at more than 80000 hands for many days. After a small scale, it has been reduced to more than 70000 hands on the 10th. The on-site precipitation funds have been transferred from ru805 to ru807, but did not attract the intervention of external incremental funds, As a result, the upward momentum of futures prices was significantly weakened

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