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Pessimism affected Shanghai rubber fell sharply

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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1 2 tsp

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On Monday, the Shanghai rubber market continued to fall sharply under market pessimism, and once touched the limit during the session
.
The main 1609 contract closed at 10295 yuan / ton, down 5.
25%, reducing its position by 3246 lots, and trading 890038 lots
.

Shanghai rubber

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10000-10100 (-450/-350) yuan / ton; Vietnam's 3L quotation is at 10600 (-400) yuan / ton; 15 years Thailand No.
3 smoke 11600 (-250) yuan / ton; RMB mixed rubber 9900-9950 (0/+50) yuan/ton
.
Thai Hat Yai raw material market raw film 56.
23 (-2.
06) baht/kg; Tai San Tobacco Tablets 58.
59 (-1.
58) THB/kg; Field glue 56 (-2) baht/kg; Cup gum 42 (-3) baht/kg
.

News: 1.
The US auto market will see a year-on-year decline of 5.
7% in May
.
2.
Sri Lanka cuts export taxes
on raw film.

At present, the inventory in Qingdao Free Trade Zone is still declining, and the sales volume of heavy trucks in April increased year-on-year and expanded, indicating that demand is gradually picking up
.
The operating rate of downstream tire factories has declined, and slightly lower than the same period last year, with the domestic rubber production area has been cut one after another, raw material supply and demand is tight or eased, but due to the impact of dry weather in the early stage, the supply of production areas has not yet increased
.
The Shanghai rubber 1609 contract continued to fall sharply, and once touched the drop limit, below pay attention to the 10,000 integer mark support, chasing short needs to be cautious
.

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