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    Home > Chemicals Industry > New Chemical Materials > May 11 Shanghai rubber morning review

    May 11 Shanghai rubber morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Affected by the continued sharp correction of domestic black commodities and the weak consolidation of the narrow range of the futures index, on Tuesday, although the domestic Shanghai rubber futures showed a trend of stopping the decline and stabilizing and rebounding slightly, the overall upside space was relatively limited, and the main 1609 contract of Shanghai rubber relied on the support of the 60-day moving average below, failed to recover the upper 12,000 yuan / ton first-line integer mark, and the trend showed a weak posture throughout the day
    .
    At the close, the Shanghai rubber 1609 contract closed slightly lower by -0.
    96% or -115 yuan/ton
    .

    Shanghai rubber

    Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11250-11300 (0/+50) yuan / ton; Vietnam's 3L quotation is at 12000 (-200) yuan / ton; 15 years Thailand No.
    3 tobacco flakes 12250 (-350) yuan/ton; RMB mixed rubber 10950 (-200) yuan / ton
    .
    Thai Hat Yai raw material market raw film 59.
    89 (-0.
    7) baht/kg; Tai San tobacco tablets 62.
    62 (-2.
    17) baht/kg; Field glue 61 (-0.
    5) baht/kg; Cup glue 48 (-1) baht/kg
    .
    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12200 yuan / ton (-150), cis-butadiene rubber market price 11400 yuan / ton (-100).

    News side: 1.
    ANRPC: In the first four months of 2016, the production and sales of tianjiao increased
    year-on-year.
    2.
    SGX: Higher rubber prices on the Singapore Exchange should gradually stimulate supply growth
    .

    Warehouse receipt inventory: Exchange warehouse receipts were reported at 277,270 tons, down 270 tons
    .

    Overall: local rainfall in Thailand, mild easing of dry weather
    .
    At present, the inventory of Qingdao Free Trade Zone is still declining, but the decline has narrowed
    .
    Downstream tire factories have been compressed due to the rise in raw material prices, and the operating rate of semi-steel tires has declined
    .
    In May, with the domestic rubber production area successively cut, the supply and demand of raw materials is tight or eased, but the supply of the production area has not yet been released, the positive factors remain, and the fundamentals do not support the futures price to continue to fall
    sharply.
    Overnight, the Shanghai rubber 1609 contract rose slightly and fell, focusing on the pressure of the 12000 position in the short term, and the intraday operation
    in the 11800-12100 range.

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