Affected by the external negative impact of the domestic market six species limit

On Thursday, none of the domestic commodities ** market closed up. At the close of trading, Shanghai Copper, Shanghai Zinc, Rubber, Ethylene, PVC, and Methanol had their limit-setting stops. Analysts said that the European debt crisis is difficult to turn around in the short term, the recent commodity ** will continue to oscillate down, investors can control the risk at the same time, timely grasp the investment opportunities brought about by the market conversion.

The six varieties are currently falling. On Nov. 10, the domestic commodity futures market was generally affected by external negatives and opened lower. There was no increase in all varieties. Counting the Shanghai zinc that touched the daily limit, there were rubber, plastics, copper, PVC and methanol throughout the day. ** The other six species were stopped at the limit. In addition, as of the close, the Wenhua Finance’s commodity index fell by more than 3% on a daily basis with wire rod and PTA.

From the perspective of market capacity, due to copper, rubber, plastics and other varieties closed to the limit, resulting in a substantial reduction of 1.039 million hands to more than 8.954 million hands, open interest increased by more than 100,000 hands to 7.954 million hands, the disk presents The price drop decreased the position and weakened the pattern. Xingye ** Shi Hai said that although the transaction volume has been reduced, resulting in the decline in energy has not been effectively released, but the increase in open positions has shown a multi-bottomed determination, although the commodity weakness can not be reversed, but the market rebound in technology is not impossible.

Or, a new round of downtrend analysts generally believe that the sharp drop in domestic commodity prices on the 10th was more dragged by news of negative macroeconomic conditions.

On November 10th, the yield of Italian government bonds rose further, with the 10-year yield rising to 7.476%, setting a new high since the advent of the euro in 1999. Given that Greece, Portugal, and Ireland were all forced to seek assistance after Treasury yields exceeded 7.0%, 7.0% was seen as a horizontal line to determine whether a country can continue to repay debt. At the same time, the relief of Italy is not within the scope of the euro zone plan, and stressed that the euro zone did not even consider establishing a precautionary credit line for Italy. After the EU finance ministers' meeting reached an agreement on technical measures and specific details at the end of November, the European Stability Bank (EFSF) may provide Italy with a precautionary credit line. According to Wang Jun in the mid-term of Beijing, the US dollar index will have a sharp rebound from this impact. If this is the case, the global commodity market will likely face a sharp decline similar to that at the end of September.

"The collapse of international and domestic merchandise** on November 10 may be just the starting point for a new round of major adjustments." Tao Jinfeng and Wang Jun of Haitong Investment Advisory Department have similar opinions. He analyzed that due to the complexity of the debt crisis in Europe, the monetary policy in the euro zone is unified, and fiscal and economic policies are not uniform. The level of development varies among countries. The pressure on the aided countries in the euro area is huge and the European debt crisis is difficult to effectively ease in the short term. It will continue to repeat, deteriorate and spread. The commodity market will also be affected and weaken again.

It is worth noting that the sharp fall in the price of ** will also drag down the spot market. The data provided by the industry information agency “Business Club” shows that some varieties such as copper, PVC, natural rubber and zinc have a large base difference, and the sharp drop in the 10 date price has enlarged the spread between the two cities. Liu Xintian, the editor-in-chief of the agency, believes that in the case of bad weather in the futures market, the commodity spot market in November has a smaller chance of appearing in the market. This week, it is expected that the colored plates represented by copper and zinc, and the rubber and plastic plates represented by PVC and natural rubber all may experience a substantial decline.

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