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Consumption is still showing rigid rubber positions to close higher

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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Market conditions: rubber increased positions to close higher, RU2001 increased positions, and futures prices closed slightly higher
.
The day closed at 11520, +0.
66% from the previous trading day; Volume 224678, position 336164, +11224, basis -670, +10, Ru1-May spread -200, -15
.
NR2002 closed at 9770, +0.
72% from the previous session; Volume 5090, position 22276, +834, basis -288, -137, NR2-5 spread -195, +40
.

rubber

News: January and September Malaysia rubber production allowance (IPG) has been launched
.
2.
The Thai government plans to launch a 24.
2 billion rubber price difference subsidy plan
.
In March and September, China's auto dealer inventory warning index fell
.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10850 (+100) yuan / ton; Vietnam 3L quotation 11000 (+100) yuan / ton; Thailand No.
3 tobacco tablets 13350 (+100) yuan/ton; Yunnan 18 years full latex 10900 (+0) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant remained stable at 9900 yuan / ton
.
Thai Hat Yai raw material market raw film 35.
88 (+0.
35) baht/kg; Tai San Tobacco Tablets 38.
53 (+0.
32) THB/kg; field glue 35.
7 (+0.
2) baht/kg; 30 (+0.
5) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1320 (-10) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1320 (-10) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1330 (-5) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (+0) yuan / ton; The market price of cis-butadiene rubber is 12400 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 408790 tons, -240 tons; NR warehouse receipt 0 tons
.

Main positions: RU2001 Top 20 long positions 77401, +2394; short positions 113914, +2268
.
Long and short increase together, headroom decreases
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, the supply of Southeast Asia has increased significantly, and the price of raw materials is lower than the same period
of previous years.
The launch of Malaysia's rubber production allowance and the Thai government's plan to launch a 24.
2 billion rubber price difference subsidy program have boosted market sentiment, but the actual effect remains to be verified
.
On the demand side, after the holiday, the operating rate of Shandong tire enterprises may increase, but consumption is still rigid.

At present, the rubber tapping season is still facing an oversupply situation
.
Technically, the RU2001 contract price closed up in volatility, focusing on the pressure around 11600 above, and it is recommended to trade in the 11300-11600 range in the short term; The NR2002 contract focuses on pressure around 9800, and short-term trading is recommended in the 9600-9800 range
.

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