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

    October 11 Shanghai rubber morning review

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai rubber 1701 contract rose 4.
    30% to close at 13835 yuan / ton
    .
    Shanghai rubber 1701 contract stands strongly above the 14000 mark, it is recommended to pay attention to the pressure around 14200, short-term 13700-14200 range trading
    .

    Shanghai rubber

    Overnight market: New York, October 10 - U.
    S.
    crude oil futures hit a one-year high on Monday after Russian President Vladimir Putin stood up to support international efforts to limit production, raising hopes that Russia will work with other producers to restore the balance of supply and demand in the global oil market
    .
    NYMEX crude oil futures for November ended up $1.
    54, or 3.
    1 percent, at $
    51.
    35 a barrel.

    Spot market: the 15-year quotation of state-owned whole milk in the Shanghai market is about 11650 (+550) yuan / ton; Vietnam's 3L quotation is 12600 (+900) yuan / ton; 15 years Thailand No.
    3 tobacco tablets 14150 (+700) yuan/ton; RMB mixed rubber 12200 (+500) yuan / ton
    .
    Thai Hat Yai raw material market raw film 53.
    12 (+0.
    37) baht/kg; Tai San tobacco tablets 55.
    91 (+0.
    49) baht/kg; Field glue 51 (0) baht/kg; Cup glue 47 (+1) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 13700 yuan / ton (+500) ; The market price of cis-butadiene rubber is 16900 yuan / ton (+200).

    News side: 1.
    According to the latest data learned by the First Commercial Vehicle Network, in September this year, the domestic heavy-duty truck market sold a total of about 52,500 vehicles of various types, an increase of 26%
    over the 41,800 units in the same period last year.
    2.
    Japanese tire production was sluggish in August, and sales improved
    slightly.

    Warehouse receipt inventory: Exchange warehouse receipts reported 290,560 tons, an increase of 1,430 tons
    .

    Summary of views: At present, the operating rate of all-steel and semi-steel of domestic tire factories is higher than the same period last year, and the sales volume of heavy truck market in September continued to increase sharply year-on-year, indicating that the overall downstream demand performance is better
    .
    From the perspective of circulation, as of the end of September, the rubber inventory in Qingdao Free Trade Zone fell
    sharply again.
    Raw material market prices in Thailand continue to rise, while the recent sharp rise in synthetic rubber provides support
    for natural rubber prices.

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