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    Home > Chemicals Industry > New Chemical Materials > March 31 Shanghai rubber morning review

    March 31 Shanghai rubber morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai rubber RU1705 contract opened at 17485 yuan / ton, down 6.
    31%, and closed at 16560 yuan / ton
    .
    The highest price of the whole day was 17,620 yuan / ton, the lowest price was 16,515 yuan / ton, a total of 269,000 lots were traded, and 191,500 lots
    were held.

    Shanghai rubber

    The Shanghai rubber RU1709 contract opened at 17,925 yuan / ton, down 6.
    2%, and closed at 17,010 yuan / ton
    .
    The highest price of the whole day was 18,110 yuan / ton, the lowest price was 16,960 yuan / ton, a total of 518,700 lots were traded, and the position was 174,600 lots
    .

    The Shanghai rubber 1705 contract fell 2.
    18% overnight to close at 17,060 yuan / ton
    .
    The trading volume of the 09 contract is close to twice that of the 05 contract, and the position is also similar to that of 05, and it is expected to complete the replacement
    of the main contract this week.
    Recently, international oil prices have fallen sharply, and the chemical sector is generally weak.

    The Thai government's reserve dumping has significantly suppressed the market, the bearish sentiment has further intensified, Shanghai rubber has broken one after another, and the short-term lack of upward momentum is recommended.

    After the storage is completed, the inventory suppression is eliminated, and the rubber price may rebound
    .

    As Shanghai rubber continues to decline, the bearish factors in the early stage are gradually realized, and the price is expected to stabilize and rise
    .
    From a fundamental point of view, at this stage, the production area is stopped, Thailand has limited storage impact materials, and the strong demand for domestic downstream tires has formed a strong support
    for rubber prices.

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