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    Home > Chemicals Industry > New Chemical Materials > April 8 Shanghai rubber morning review

    April 8 Shanghai rubber morning review

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    Relying on the support of the short-term moving average below, on Thursday, although domestic Shanghai rubber futures maintained a narrow finishing trend, the intraday rebound space was relatively limited, and the upward trend of the main 1609 contract futures was significantly suppressed by bears, and there was a rapid decline and green trend
    at the end of the day.
    At the close of trading, the Shanghai rubber 1609 contract was slightly lower by -0.
    60% or -70 yuan / ton, and the trading volume reached 606462 lots, a slight decrease from yesterday; The open position increased sharply by 7608 lots to 310728 lots
    .

    Shanghai rubber

    Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10750 (0/-50) yuan / ton; Vietnam's 3L quotation is 11100-11200 (+100/+100) yuan / ton, Thailand's No.
    3 cigarette film is reported at 11400-11450 (0/0) yuan / ton, and the RMB mixed transaction is 10500-10600 (-100/-100) yuan / ton
    .
    Thai Hat Yai raw material market raw film 51.
    03 (+1.
    8) baht/kg; Tai San tobacco tablets 54.
    7 (+1.
    34) baht/kg; field glue 54.
    5 (+1) baht/kg; Cup glue 44 (+2) THB/kg
    .
    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 11000 yuan / ton (+200), cis-butadiene rubber market price 10550 yuan / ton (+250).

    Macro: Crude oil futures fell on Thursday as data showed an increase
    in weekly inventories in Cushing, where U.
    S.
    crude futures contracts are delivered, despite a pipeline shutdown.
    However, short cover has trimmed oil prices from losses, suggesting that the market may be more volatile
    in the future.
    NYMEX crude futures for May fell 1.
    3 percent to close at $
    37.
    26 a barrel.
    The Shanghai rubber 1609 contract fell 1.
    33% overnight to close at 11495 yuan / ton
    .

    News: According to the latest ANRPC report, in the first three months of this year, only Thailand, Cambodia and the Philippines achieved growth in the production of tianjiao; Among them, Thailand's growth rate reached 7%.

    China's tianjiao production fell by 38% year-on-year, the largest decline in the country
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 248,780 tons, a decrease of 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 boost effect on natural rubber
    .
    However, at present, the price of Shanghai rubber is still subject to the constraints of the huge warehouse receipt inventory, and the overall pattern
    is strong outside and weak inside.
    Overnight, the Shanghai rubber 1609 contract closed down in shock, and the 11420 line supported the futures price, and it was recommended to operate
    in the 11420-11750 range during the day.

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