The hottest Yongan futures fuel Rubber Weekly Repo

Yongan Futures: fuel Rubber Weekly Report 0519

fuel Rubber Weekly Report

I. important information tips:

1 On May 16, the main contract fu807 of Shanghai fuel oil futures closed at 4714, up 55 points from the previous trading week, with a trading volume of 325738 and a position of 37252, an increase of -16540 from the previous trading week. 2. On May 16, the main contract ru809 of Shanghai Jiao futures closed at 24610, up 2165 points from the previous trading week, with trading volume and position of 101588, an increase of 9184 from the previous trading day. 3. On May 16, NYMEX crude oil closed at 126.29, up 2.17. 4. On May 16, Jiaotong closed at 318.0, up 1.3. 5. Riyadh, May 16 (Xinhua) -- Saudi Arabia's minister of oil and mineral resources Naimi announced on the 16th that Saudi Arabia has decided to increase production by 300000 barrels of crude oil a day to meet market demand. 6. Last week's inventory this week's inventory increase or decrease

available inventory capacity

subtotal futures subtotal futures last week's increase or decrease this week

102343 11900 114197 10400 11854 -1500 413620 415120 15007 Last week's inventory this week's inventory increase or decrease

available inventory capacity

subtotal futures subtotal futures last week's increase or decrease 39025295 affect vertical installation 3035260 28645 -3765 -885 171470 172355 885

II. Future concerns

1 Fed policy 2 The trend of the US dollar index is 3 Evolution of subordinated debt 4 International geopolitical changes 5 The US Energy Information Administration (EIA) announced inventory changes

III. Market Research and judgment:

Shanghai fuel rose slightly last week, and basically followed NYMEX crude oil in a volatile pattern that week. As the United States Senate and house of Representatives unanimously passed the bill that the United States will stop strategic oil reserves, crude oil may enter a period of shock peaking, but it does not mean that crude oil will fall immediately, so crude oil is still possible to reach a new high. As domestic fuel prices are high, which has curbed consumption, buyers are mostly in a wait-and-see state, so the rise in fuel has been completely driven by crude oil. Therefore, many orders should be careful that the sharp adjustment of crude oil will have an impact on fuel, so both long and short should be traded within the day

last Sunday, the rubber got out of the tight market, which led to the continuous upward movement of Shanghai rubber. In addition, the rise of crude oil made the composite rubber rise, which also became one of the driving forces for the upward movement of Tianjiao. After continuous lifting, Shanghai rubber has adjustable pendulum (6) in the short line. The moving speed of the beam: 100kN, 10kN tension and compression two-way rapid fall back energy, so it can be empty in a day. However, the rising trend of Shanghai Jiaotong is not over, so the room for downward adjustment is also limited, and the surge in demand for lithium battery materials in the upstream will be limited. Therefore, it is still inappropriate to be too bearish at present, and be careful to continue to walk out of the tight market

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