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Affected by the overseas expansion of the epidemic, rubber futures prices fluctuated and fell

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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On Monday, the rubber RU2005 contract reduced its position, and the futures price fell
.
The current price closed at 11400, -2.
98% from the previous trading day; Volume 173038 lots, position volume 157301 lots, -1967, basis -200; RU5-9 spread -285
.
The NR2004 contract futures closed at 9580, -2.
89% from the previous session; The volume is 10633 lots, the position is 15184 lots, -1869; NR3-4 spread is -90
.

rubber

News: 1.
Ministry of Commerce: Encourage all localities to introduce measures to promote the consumption of new energy vehicles and increase purchase restrictions
.
2.
The resumption rate of tire enterprises in Shandong Province reached 52%.

3.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 33.
16%, up 21.
06% month-on-month and down 16.
61% year-on-year; The operating rate of all-steel tire manufacturers was 37.
02%, up 21.
62% month-on-month and down 14.
25%
year-on-year.

Market quotation: Shanghai market 18-year state-owned full latex reported 11200 (-250) yuan / ton, Vietnam 3L reported 11400 (-300) yuan / ton, Thailand No.
3 tobacco film reported 13550 (-200) yuan / ton
.
Qingdao market STR20 stock spot reported 1385 (+0) US dollars / ton, Qingdao market STR20 February cargo reported 1385 (+0) US dollars / ton
.
Thai Hat Yai raw material market raw film 42.
9 (-0.
39) baht/kg; Tai San tobacco tablets 46.
3 (+0) baht/kg; field glue 44.
3 (+0.
5) baht/kg; 35.
1 (-0.
15) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 9600 (+0) yuan/ton; The market price of cis-butadiene rubber is 9600 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 238440 tons, +0 tons; NR warehouse receipt 39,535 tons, +2,117 tons
.
Main positions: RU2005 Top 20 long positions 72757, -700; short positions 105068, -1884; long and short reduction, net space reduction
.
NR2003 Top 20 long positions 2657, -11; short positions 2705, -72
.

Summary: At present, the world has entered a low production period, and southern Thailand will also stop cutting early due to weather impacts, and the supply side will support
the futures price.
The recent epidemic control performance is optimistic, downstream tire factories have gradually recovered, and demand has gradually opened, but the accumulation of inventory brought about by the increase in imports in the early stage will also continue to pressure rubber prices
in the short term.
On the market, affected by the overseas expansion of the epidemic, the market panic increased, the rubber futures price fell at the open, and the RU2005 contract focused on the support around 11300 below, and traded in the 11300-11600 range in the short term; The NR2004 contract focuses on support around 9500 and is recommended to trade
in the 9500-9800 range in the short term.

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