The hottest LUZHENG futures commodities rebounded

2022-09-21
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LUZHENG Futures: commodities rebounded in an all-round way, and rubber rose strongly.

I. summary of trading in the previous trading day.

Shanghai Tianjiao futures 0811 contract opened high yesterday, rising sharply. Yesterday, the 0811 contract opened significantly higher than the settlement price of the previous day. After the opening, it fluctuated higher, and then gradually stabilized. It continued to rise in the afternoon, and finally closed at 22895 yuan/ton, up 2.9%. The trading volume decreased significantly compared with the previous day, and the position decreased slightly. The trend of Shanghai Tianjiao futures 0809 contract was weaker than that of 0811 contract, with reduced trading volume and positions

Recently, the Ministry of Finance and the State Administration of Taxation issued a notice and decided to adjust the automobile consumption tax policy from September 1, 2008. Specifically include: first, increase the consumption tax rate of large displacement passenger cars. For passenger cars with an exhaust volume of more than 3.0 liters to 4.0 liters (including 4.0 liters), the tax rate will be increased from 15% to 25%, and for passenger cars with an exhaust volume of more than 4.0 liters, the tax rate will be increased from 20% to 40%; The second is to reduce the consumption tax rate of small displacement passenger cars. For passenger cars with an exhaust volume of less than 1.0 liters (including 1.0 liters), the tax rate will be reduced from 3% to 1%. In addition, according to the statistics of China Association of automobile industry, the national passenger car sales in July were 488200, falling below 500000, with a month on month decrease of 17. Xingwang holdings invested 1billion yuan in cash 02%, a year-on-year increase of 6.79%. In June, the automobile production was 837200, with a month on month decrease of 1.98% and a year-on-year increase of 13.96%; Sales of 836800 vehicles, a month on month increase of 0.15%, a year-on-year increase of 15.35%, and the production and sales rate was 99.95%

the economic data released by Japan showed that Japan's GDP fell by 0.6% in the quarter of August. The lack of exports, weak consumption and the decline in public and private investment spending led to the decline in Japan's GDP in the second quarter, the first time in four quarters. The high energy and raw material prices hurt the Japanese economy, and the impact of the U.S. economic slowdown spread to emerging countries. According to the latest data released by the rubber board of India, from April to July 2008, the export volume of Indian rubber was 23998 tons, up 38% from 14816 tons in the same period of 2007. Affected by favorable conditions in the global market, the export volume in July significantly increased, reaching 10862 tons. Recently, the American Rubber Manufacturers Association said in New York: affected by the deterioration of the economic situation, it is expected that the shipment of tires in 2008 will be 298million sets, down 4% from 310million sets in 2007. Due to the continuous decline of automobile production in North America, the shipment of new passenger car tires in 2008 will decline by more than 11% to 41 million sets. The high international oil price has affected the sales of high fuel consuming trucks and sport utility vehicles, and the shipment of light truck new vehicle tires will decline by more than 35% to 3.8 million sets. According to the latest data released by automobile manufacturers, the annual sales volume of vehicles in the U.S. market in July was 12.5 million, far lower than the 17million in 2005, falling to a 16 year low. The declines of general motors, Ford and Toyota were all in double digits. New car sales in the U.S. market fell by about 18% in June, the lowest monthly sales record in 15 years. The overall sales volume in the U.S. market decreased by about 1189000 vehicles, down 18.3% year-on-year

according to the inventory data released by Shanghai Futures Exchange, the inventory of natural rubber increased by 5570 tons to 27715 tons last Friday (August 1), an increase of 25.2%. Speculators shorting contracts in September are increasing inventory, and the current price is difficult to attract too much cash to the warehouse. It is expected that the inventory in Shanghai will not recover to the level of 50000 tons before November

in spot, You can refer to the following table:

summary

date product code/name trading volume average price highest price lowest price rise and fall

cnr/concentrated latex 170 16976 17700 16500 -2.63

scr10/10 # standard glue 10 25000 25000 25000 0

SCR5 (R)/5 # milk standard 42 27100 27100 27100 0

rss2/2 # cigarette glue 60 25700 25700 25700 0

Haikou trading hall

date product code/name trading volume average price highest price lowest price rise and fall

can also be clamped); Cnr/concentrated emulsion 7816533 16600 16500 -5.74

SCR5 (R)/5 # milk standard 42 27100 27100 27100 relevant standards: 0

Kunming trading hall

date product code/name trading volume average price highest price lowest price rise or fall

scr10/10 # standard glue 10 250002500025000 25000 0

CNR/concentrated latex 52 17700 17700 17700 0

rss2/2 # cigarette glue 60 25700 25700 25700 0

Guangdong trading hall

date product code/tepex Dynalite shows stiffness over a wide temperature range Strength and toughness make it an ideal choice for this use. Name: average trading volume, highest price, lowest price rise and fall

cnr/concentrated latex 40 16900 16900 16900 -0.59

III. operation suggestions

for the rubber variety, we still maintain the idea of being short in the medium term, and the short-term rebound may continue. In terms of operation, it is suggested that investors should pay attention to whether the 23500 line poses pressure on the price, and they can choose a high point and short a small amount at this price line

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