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    Home > Chemicals Industry > New Chemical Materials > May 3 Shanghai rubber morning review

    May 3 Shanghai rubber morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Oil prices fell sharply on Monday after data showed U.
    S.
    oil inventories rose and OPEC production rose
    .
    Boosted by the sharp rebound of domestic black commodities, Shanghai rubber futures thus ended the recent shock and decline trend, futures prices maintained a weak narrow finishing pattern, Shanghai rubber main 1609 contract in the morning highest rose to 12905 yuan / ton, followed by a slight lower, shock consolidation trend, as of the close of Shanghai rubber 1609 contract slightly down 0.
    35% or 45 yuan / ton
    .

    Shanghai rubber

    Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 12050 (0) yuan / ton; Vietnam's 3L quotation is 12800-12900 (-100/-100) yuan/ton; Thailand No.
    3 tobacco flakes 13100-13200 (-200/-100) yuan/ton
    .
    Thai Hat Yai raw material market raw film 60.
    45 (+0.
    28) baht/kg; Tai San tobacco tablets 64.
    88 (+0.
    38) baht/kg; Field glue 62 (0) baht/kg; Cup glue 51 (+0.
    5) baht/kg
    .

    News side: 1.
    As of the end of April 2016, rubber stocks in Qingdao Free Trade Zone fell by 1.
    45%.

    2.
    Vietnam's rubber exports in 2016 may drop to 1 million tons
    .

    Warehouse receipt inventory: Exchange warehouse receipts were reported at 264,530 tons, a decrease of 150 tons
    .

    Thailand's government procurement of tobacco tablets and dry weather have led to rising prices of overseas raw materials
    .
    The inventory in Qingdao Free Trade Zone is still declining, and the operating rate of downstream tire factories has continued to rise, but with the rise in raw material prices, tire factory profits have been compressed, and the future market needs to pay attention to the
    operating rate.
    In addition, the domestic rubber production areas have been cut one after another, and the Yunnan production area has ushered in a full cut, and the supply and demand of raw materials are tight or alleviated
    .
    The Shanghai rubber 1609 contract is under pressure on the 12900 line, and the probability of short-term exploration of the 12500 line is relatively large, and it is recommended to operate
    short in the 12900-12400 range.

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