On the 17th, Hongxin futures Tianjiao stopped fall

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On July 17, Hongxin Futures: Tianjiao stopped falling and rebounded slightly

on July 17 (Thursday), TOCOM rubber futures in Tokyo surged, the yen weakened again and the strength of spot rubber limited the decline, and the market experienced a technical correction after a continuous decline. Thailand, the world's largest rubber producer, is closed on public holidays and will resume trading on Friday. The TOCOM market will be closed for public holidays next Monday. The benchmark December contract opened at 330.00, with a maximum of 333.50 and a minimum of 328.00, closing at 332.10, up 2.90 yen/kg from the previous trading day

following the trend of Japanese rubber, Shanghai Rubber stopped falling and rebounded. Ru0809 contract rose 455 points and closed at 26970, with 128420 transactions throughout the day, and the position increased by 4894 to 96526. The new main force 0811 contract opened 25860, with a maximum of 26270 and a minimum of 25800, and closed at 26080, up 295 points from the settlement price of the previous trading day. 351638 transactions were made throughout the day, and the position increased by 5422 to 71678

on July 17, 120 tons of domestic reclamation SCR 5/5# standard glue were sold, with an average transaction price of 27000 yuan/ton

according to Singapore on July 16, spot rubber prices in Asia mostly fell on Wednesday, pressured by the sharp decline in crude oil. Traders said that the sharp decline in futures prices added to market pressure. The R & D investment of enterprises has also increased correspondingly, and the market trading is active, because consumers are keen to ensure inventory after the recent price rise, and sellers are also eager to sell, because it is expected that the price may weaken further in the next few days. RSS3 of Thai No. 3 cigarette glue shipped in August was quoted at US cents per kilogram, compared with 325 cents in the previous transaction

Shanghai, July 17, data released by the National Bureau of statistics on Thursday showed that China's tire production in June increased by 13% over the same period last year to 50.67 million. In June, the output of synthetic rubber totaled 212000 tons, an increase of 11% year-on-year. The Bureau of statistics also announced that China produced 280.66 million tires in June this year, an increase of 132 over the same period last year; The output of synthetic rubber totaled 1.16 million tons, an increase of 9.8% year-on-year

U.S. crude oil inventory accident (3) the interface on the controller increased one by one. The U.S. commercial crude oil inventory announced on Wednesday increased by 300 barrels last week, while the previous market expected that crude oil inventory would decline by 3 million barrels. In addition, gasoline inventory increased by 2.4 million barrels, and overnight international crude oil fell sharply by $4.14 to $134.60/barrel

the market is still concerned about the trend of crude oil. It means a big correction to see whether the price breaks through $135 and regains its rise or falls below $130. The main bulls of Shanghai rubber still hold a large number of orders. If the crude oil in the future market does not continue to fall sharply, the rubber price may rebound under the impetus of the main bulls. However, in general, the peak season of natural rubber supply has arrived, and the multi order operation must be cautious. It is still recommended to maintain the idea of high and short

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