echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 18 Shanghai rubber morning review

    July 18 Shanghai rubber morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Friday, the Shanghai rubber 1609 contract closed slightly lower, and the short-term recommended to trade
    in the 11200-11800 range.
    The Shanghai rubber 1609 contract fell 0.
    48% to close at 11335 yuan / ton
    .

    Shanghai rubber

    U.
    S.
    crude futures rose on Friday as better-than-expected economic data from China boosted expectations
    that oil demand from China would increase.
    The NYMEX crude oil futures contract for August ended up 0.
    6 percent at $
    45.
    95 a barrel.

    News: 1.
    As of mid-July 2016, rubber stocks in Qingdao Free Trade Zone fell by 8.
    8%.

    2.
    Vietnam Customs: Rubber exports in June climbed 64%
    month-on-month.

    Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11,000 (+450) yuan / ton; Vietnam's 3L quotation is 11000-11200 (0/+200) yuan/ton; 15 years Thailand No.
    3 smoke 12800 (+350) yuan / ton; RMB mixed rubber 10250-10600 (-50/+200) yuan/ton
    .
    Thai Hat Yai raw material market raw film 55.
    77 (+1.
    48) baht/kg; Tai San tobacco tablets 58.
    77 (+1.
    78) baht/kg; field glue 48 (+0.
    5) baht/kg; Cup gum 40 (+0.
    5) baht/kg
    .
    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10600 yuan / ton (0), cis-butadiene rubber market price 10750 yuan / ton (0).

    Warehouse receipt inventory: Exchange warehouse receipts reported 305,700 tons, an increase of 1,240 tons
    .

    Inventories in Qingdao Free Trade Zone continued to decline, and heavy-duty truck sales continued to increase sharply year-on-year in June, and China's tire exports increased by 9%, indicating that downstream demand performance was acceptable
    .
    With the successive cutting of domestic rubber production areas, the supply of raw materials has increased, and the price of glue has fallen, but the raw materials in the production areas have not yet been released due to the weather in the early stage
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.