Instant coffee beans Robusta futures burst "kill more"! Evaporation of more than 13% in 7 trading days
Robusta, the world's second-largest variety of coffee produced and commonly used as instant coffee, has plummeted more than 10 per cent in the past week, leaving prices of just $1878.00 a tonne, the lowest since July 2011, Zerohedge reported.
As shown in the top chart, the non-commercial net excess order of Robusta coffee futures traded on the London Stock Exchange has been rising since 2016. Last week, the net non-commercial position order of Robusta Coffee reached an all-time high level of 44932, but when the futures net excess order reached a high point, the futures price was hit for a while.
Statistics show that Robusta coffee has fallen since April 18, with a cumulative decline of 13.17% in just seven trading days. London Robusta coffee futures fell another 1.05% to close at US $1878.00 per metric ton on Thursday.
Robusta Coffee Daily trend Chart (performance so far this year)
"Bloomberg" reported that from a technical point of view, Robusta coffee futures have fallen below the 100MA and 200 MA moving average, while the relative strength indicator RSI has also fallen below 30 MA. Robusta coffee futures are technically weak.
Above: Robusta futures price: RSI relative strength indicator Photo: Bloomberg
Carlos Mera Arzeno, raw materials commodity analyst at Rabobank International in London, said that Robusta coffee has fallen sharply in recent days, in addition to fundamental factors, the above technical aspects have been rapidly weakening, resulting in multiple single "kill more", is also the main reason for the slump.
Carlos Mera Arzeno said that at present, there are reports in the market that large traders in Vietnam and Indonesia have a lot of Robusta coffee stocks, and the inventory has been seriously expanded, coupled with the fact that hedge funds are starting to sell more orders, causing this wave of Robusta coffee to fall sharply.
"it is estimated that by the end of this year, it will be very difficult for Robusta coffee to return to the bull market." Carlos Mera Arzeno said.
- Prev
The Korean Coffee Prince's apprentice New York created "cold drink".
In New York, drinking coffee is a basic move for many people. A Korean boy successfully copied the art of hot coffee to a cold drink to see how he did it. Sweet Moment boss UJ Lee: "Cappuccino" (Cappuccino) Hey! This cup of coffee unexpectedly has two bear patterns, it turns out that it uses the technique of coffee flower drawing. First use steam to beat the milk, add
- Next
Coffee control, pay attention! Krispy Kreme espresso latte series of doughnuts are on the market!
Are you a coffee addict? are you irresistible to espresso? be sure to try two new espresso lattes officially launched by Krispy Kreme on April 28, latte cocoa doughnuts and oatmeal latte doughnuts, using Krispy Kreme's exclusive latte chocolate sauce, which has a low sweetness but rich taste compared with other doughnuts.
Related
- What does Coffee combo mean? What coffee beans are most suitable for Combo? What is the best ratio of latte to American in coffee combo?
- Can you make coffee with 5g of beans? What is the minimum number of grams of coffee beans used for hand-brewed coffee? What brewing plan should I use for less flour?
- Why do Japanese people like to make coffee with flannel? What is the difference between flannel filter cloth and filter paper cup? What are the characteristics of flannel filter cloth for making coffee?
- A coffee shop drives customers out on the spot?! Store: No Chinese people are accepted
- Children suffocated and died after drinking pearl milk tea! Parents: The store did not inform the risk
- Can I put a thermos in a thermos pot to keep my coffee warm? Why does coffee not taste so good after it cools down? What is the most suitable amount of milk for latte?
- How to make coffee cream? Do I have to use instant powder for 400 hand-made coffee? What is the composition of coffee cream in Naples coffee?
- What is an authentic cappuccino? How to make cappuccino golden circles? What is the ratio of coffee to milk in a cappuccino?
- Can espresso beans be used to make hand-brewed coffee? What is the difference between Italian mixed beans and hand-made single beans? What are the characteristics of SOE coffee beans?
- Big battle! Mixue Ice City has opened three stores in the United States?!