bearish
Helixtap JPX Report Summary: Weak China Demand Causing Fall In Physical And Futures Prices
1 View23 Aug 2022 10:04
In the past week, additional short positions were initiated by speculators, pushing futures prices to the lowest level in a year. Bearish news was also observed, with sluggish China’s July Industrial production at 3.8%. In the exchanges, OSE RSS3 futures fell by
1.2%, SHFE SCR/RSS and INE TSR by 2.4% and 2.5%, respectively, and SICOM TSR20 by 3.7%. This downward move is largely attributed to reinstated lockdowns in the largest demand driver for rubber, China.
What is covered in the Full Insight:
- Introduction
- Market Performance
- Impact of Chinese Economic Policies
- Speculation and Trading Volumes
- Conclusion
SUMMARY
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