Rubber is on track for a fresh rebound
Rubber is on track for a fresh rebound
Rubber futures prices have fluctuated sharply this week. The main contract was opened on Monday at 20605, the lowest to 19775, the highest to 20,950, and closed at 20,000 on Friday. Yongan futures analyst zou xiao bao that rubber after this week's round of the nearly 900 points after the callback, the fundamentals and seasonal period, are likely to usher in a new round of rally in early September.
From the fundamental view, the whole milk spot stabilizes, the warehouse receipt greatly increased. The main body of Shanghai glue to the compound glue to lift water, the higher water. The Singapore 20 has turned to water in recent months. The warehouse in the bonded area continued to decline and the tire factory began to decline. In July, the import of gelatine was 11.8% year on year. Price seasonality: slightly weaker in August and stronger in September. The basic face rubber price support and promote the obvious.
From the technical side, the rubber main contract of 1401 after the initial wave of the surge, the bottom formed a dense support group, from the technical surface to the rubber to form multiple supports. To sum up, zou xiaobao believes that the possibility of a continuous rebound of rubber maintenance is greater. Yongan futures analyst thinks on the operation, in the early stage of the finishing near the platform more single approach more investors may continue to hold, to take positions is not involved in investors can choose callback to near 19800 to participate in, and in 19800 so far. Investors may refer to the above support level to reasonably control the risks.
