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April 29 Shanghai rubber morning review

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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1 3 cyclohexanedione

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Oil prices rose on Thursday as U.
S.
benchmark crude contracts settled above $46 a barrel for the first time
since early November.
The NYMEX June crude futures contract closed up 1.
5 percent at $46.
03 a barrel
.
Domestic Shanghai rubber futures once again showed a downward trend under pressure, the main 1609 contract price of Shanghai rubber continued the trend of volatility and decline yesterday night, continued to maintain a weak shock sorting in early trading, the center of gravity of the futures price steadily shifted, the lowest fell to 12585 yuan / ton, as of the close of Shanghai rubber 1609 contract fell sharply -2.
23% or -290 yuan / ton
.

Shanghai rubber

News: 1.
Nissan's global production increased by 6% in March, and exports fell sharply by 18%.

2.
Goodyear Tire revenue and net profit declined
in the first quarter.
3.
The size of the British tire market may exceed 6 billion US dollars
.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 12050-12100 (-350/-350) yuan / ton; Vietnam's 3L quotation is 12900-13000 (-100/-50) yuan/ton; Thailand No.
3 tobacco tablets 13300 (-300) yuan/ton; RMB mixed rubber 11550-11600 yuan / ton
.
Thai Hat Yai raw material market raw film 60.
17 (+0.
02) baht/kg; Tai San tobacco tablets 64.
5 (+0.
49) baht/kg; Field glue 62 (0) baht/kg; Cup glue 50.
5 (+0.
5) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12700 yuan / ton (0), cis-butadiene rubber market price 11700 yuan / ton (-100).

Warehouse receipt inventory: Exchange warehouse receipts reported 264,680 tons, an increase of 990 tons
.

Thailand's government procurement of tobacco tablets and Indonesia's storage and storage pushed up overseas raw material prices, while Qingdao Free Trade Zone inventory is still declining, and the operating rate of downstream tire factories has continued to rise, but with the rise in raw material prices, tire factory profits are compressed, and the market needs to pay attention to the operating rate
.
In addition, the domestic rubber production areas have been cut one after another, and the Yunnan production area has ushered in a full cut, and the supply and demand of raw materials are tight or alleviated
.
Overnight, the Shanghai rubber 1609 contract closed slightly higher, facing 12900 first-line pressure in the short term, and it is recommended to trade
in the 12500-13000 range in the short term.

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