The hottest northern futures, Shanghai Jiaotong, i

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Northern Futures: Shanghai Jiao is weak to rise and lacks guidance

Japan Jiao continues to close. Although the sharp rise in crude oil has reunited the strong atmosphere in the commodity market, Shanghai Jiao is obviously weak due to the lack of guidance. After Shanghai Jiaotong opened slightly lower, the weak and volatile market continued. The intraday long position increase once made the price rise slightly, and finally fell due to the weak rise. The long positions also reduced their positions at the end of the day. Ru0803 closed at 23240 yuan/ton, and the transaction was still light

in terms of spot, the spot price of uss3 rubber in Thailand rose, driven by the strong rise of crude oil futures. Traders said that spot transactions were scarce, farmers stopped supplying, and buyers also waited for prices to fall. On the Heai center rubber market, the price of uss3 rubber was reported at 79.58 baht per kilogram, compared with 70.90 baht per kilogram in the previous transaction. Domestic reclamation SCR 5/5 standard glue has a list of 573 tons, with an average price of 22296 yuan/ton

the resumption of normal supply in the production area will bring more pressure to the market than the support of surrounding markets, and the rubber market will also fluctuate. After the opening of Nikkei tomorrow, market sentiment is expected to recover, but the pressure of yen appreciation accumulated during the Nikkei market closure may continue to put pressure on the market. At the same time, the fund's position transfer action is expected to continue, and the market will still be dominated by the coordinated operation trend of different components. Technically, the futures price was blocked near the previous high and fluctuated slightly for three consecutive transactions, but the supporting effect near the 10 day moving average was also obvious. The operation was mainly wait-and-see, waiting for the market to be clear

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