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After opening high, Shanghai rubber continued to rise, and the futures price reduced its position and fell

 Last Update: 2022-12-01
 Source: Internet
 Author: User

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On Monday, the Shanghai rubber market continued to rise after opening higher, but the futures price fell at midday due to the impact of the stock market and surrounding markets
.
The main 1609 contract closed at 11540 yuan / ton, down 0.
73% from the previous trading day, increasing its position by 690 lots and trading 734200 lots
.

Shanghai rubber

Spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10850-10950 (+100/+200) yuan / ton; Vietnam's 3L quotation is 10700-10800 (0/+100) yuan / ton, Thailand's No.
3 cigarette film is reported at 11550-11650 (+50/+150) yuan / ton, and the RMB mixed transaction is 9700-9800 (0/0) yuan / ton
.
Thai Hat Yai raw material market raw film 48.
26 (+0.
55) baht/kg; Tai San tobacco tablets 52.
36 (+0.
75) baht/kg; Field glue 50 (+0.
5) baht/kg; Cup glue 41.
5 (+0.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 10100 yuan / ton (0), cis-butadiene rubber market price 10000 yuan / ton (0).

News: 1.
Vietnam's rubber exports in the first quarter are expected to increase by 20.
6%.

2.
Sinochem International acquires Halcyon to expand the natural rubber industry
.
3.
The small-displacement strategy of car companies has been comprehensively accelerated, impacting the first round of policy markets
this year.

Thailand's government procurement of tobacco chips and Indonesia's storage and storage pushed up the price of overseas raw materials, and spot prices continued to rise; Qingdao Free Trade Zone inventory is still declining, while the operating rate of downstream tire factories has continued to rise, manufacturers have accelerated stockpiling, and the overall fundamental performance is strong
.
Today's Shanghai rubber 1609 contract was affected by the stock market fell sharply at midday, but with the reduction of positions, the short-term can consider relying on the 11450-11550 range to buy on the dip, and gradually stop profit
near the 12000 line.

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