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April 7 Shanghai rubber morning review

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

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Crude futures jumped 5 percent on Wednesday, their biggest one-day gain in three weeks, after the U.
S.
government announced an unexpected reduction in crude inventories last week, which the market had expected to hit a record high
.
NYMEX crude oil futures for May ended up $1.
86 at $
37.
75 a barrel.
The overnight Shanghai rubber 1609 contract fell 0.
13% to close at 11645 yuan / ton
.
The opening price of Shanghai rubber RU1609 contract is 11700 yuan / ton, the highest price is 11765 yuan / ton, the lowest price is 11535 yuan / ton, and the closing price is 11615 yuan / ton; The trading volume was 754984 lots, and the position volume was 303120 lots, a decrease of 11960 lots
from the previous trading day.

Shanghai rubber

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10750-10800 (+50/+100) yuan / ton; Vietnam's 3L quotation is 11000 (+300) yuan / ton, Thailand's No.
3 tobacco film is reported at 11400-11450 (+200/+150) yuan / ton, and the RMB mixed transaction is 10600-10700 (+200/+200) yuan / ton
.
Thai Hat Yai raw material market raw film 49.
23 (0) baht/kg; Tai San Tobacco Tablets 53.
36 (0) Baht/kg; Field glue 53.
5 (0) baht/kg; Cup glue 42 (0) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10800 yuan / ton (+250), cis-butadiene rubber market price 10300 yuan / ton (0).

News side: 1.
ANRPC: Thailand's production and sales performance in the first quarter of this year is eye-catching, and China's production has fallen significantly
.
The inventory warning index in February and March was 58.
9%, and the operating pressure of dealers remained
.

Warehouse receipt inventory: Exchange warehouse receipts reported 248,900 tons, an increase of 7,120 tons
.

Thailand's government procurement of tobacco chips and Indonesia's storage and storage pushed up the price of overseas raw materials, while inventory in Qingdao Free Trade Zone is still declining, the operating rate of downstream tire factories has continued to rise, and manufacturers have accelerated stocking
.
In addition, affected by the tight supply of butadiene, the quotation of synthetic rubber continued to rise sharply, which had a certain effect
on natural rubber.
Overnight Shanghai rubber 1609 contract opened low and high, short-term or still further upward, investors can rely on the 11600 line to buy on the dip, around 12000 gradually take profit, pay attention to risk control
.

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