Shanghai copper, aluminum, zinc main 0910 contracts decreased 170 points, 35 points and 155 points to 38860 Yuan/ton, 13420 Yuan/ton and 13215 Yuan/ton. Threaded steel main 0909 contract fell 20 point-3851 Yuan/ton. Rubber and fuel oil main 0910 contracts decreased by 45 points and 42 points to 15280 Yuan/ton and 3704 Yuan/ton.
A number of soybean and soybean meal main 1001 contracts decreased 98 points and 119 points-3523 Yuan/ton and 2767 Yuan/ton. 1001 1001 soybean oil, palm oil and vegetable oil contracts decreased 272 0909, 256 points and 140 points to 6914 Yuan/ton, 5578 Yuan/ton and 7246 Yuan/ton. Sugar decreased 48 point 1001 contract-4167 Yuan/ton.
The first two days of sailing across the Red energy chemical commodities also crushed. Plastics, PVC and PTA main contract by 135 points 0909, 35 points and 20 points to 10325 Yuan/ton, 6870 Yuan/ton and 6998 Yuan/ton.
From the beginning to the present international commodity market trend, crude oil is a late rally, New York, August 7, crude oil is already, even Yin Beijing time yesterday 19: 55, crude oil prices fell again in 1% to $ 62.29/barrels, just below the 60-day average. Crude oil into the adjustment, can be viewed as commodity markets as a whole a confirmation of the callback.
Dahua futures Institute song Kai-Fu said that commodity in June has been adjusted signal appears, one of the most important point is 11 June "crude oil prices peaked, United States of 10-year Treasury yields peaked and the US stock market peaked", the stands at the top of the financial market up to the stage, "while after that, continue to benefit more data out of the oven, but capital markets never able to record high. ”
In the past two weeks, the United States published less than expected June consumer confidence index, non-agricultural employment data and disappointing data such as credit default rates makes "market review of the expected recovery of the economy, investors conversion again from the optimistic, pessimistic," said song Kai Tiger.
The first half of the commodity market going strong is largely affected by the liquidity ample support. However, the recent weakening of multiple forces involved, start to market funds face negative impact.
June 9th, CFTC position data, Fund for 15 major commodities NET 87 million hands head; but to 30 June, the Fund's net multi-head drop into the hands of 57 million. Song Kai-Fu said: "in three weeks, speculative capital withdrawal from 30% of the net long positions on the surface, from the funds to the commodity markets has brought the adjustment pressure. ”
Tuesday, CFTC release declaration means that the speculation in the commodity positions restrictions, including index traders and ETF Fund. The news caused speculative long clearance fled, accelerates the decline in commodities. Although the final position limit provisions take several months to convene a hearing to decide, but the CFTC's attitude and position may inhibit the funds into the commodity market.
But overall, due to the real economy recovery lag, central banks do not quickly monetary tightening, ample liquidity situation in the short term will not change. A lot of SEO raises money is bound to the expected inflation even stagflation, Guo futures research and Development Department director Zhang Jie believes that after the commodity is not too much of the city, the future looks more likely to be in "normal range shocks, adjustments in the price of 10% to 20% or 50% in the early gains. ”
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