echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Raw material supply and demand alleviation, Shanghai rubber low open high go

    Raw material supply and demand alleviation, Shanghai rubber low open high go

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the Shanghai rubber market opened low and went
    high.
    The main 1609 contract of Shanghai rubber closed at 13,000 yuan / ton, up 1.
    8%, increasing its position by 29,814 lots, and trading 637296 lots
    .

    Shanghai rubber

    In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 12100-12150 (+50/+100) yuan / ton; Vietnam's 3L quotation is 12800-12900 (0/0) yuan/ton; Thailand No.
    3 tobacco tablets 13200 (0) yuan/ton; RMB mixed rubber 11500 yuan / ton
    .
    Thai Hat Yai raw material market raw film 60.
    15 (-0.
    3) baht/kg; Tai San tobacco tablets 65.
    25 (+0.
    37) baht/kg; Field glue 62 (0) baht/kg; Cup glue 50 (-1) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 12500 yuan / ton (0), cis-butadiene rubber market price 11600 yuan / ton (-100).

    News: 1.
    Thai rubber cooperative: affected by drought, the output of tianjiao from January to April may be halved
    .
    2.
    Japan's imports of tianjiao in the first quarter fell by 4.
    2%.

    3.
    As of April 10, rubber inventories in Japanese ports increased by 4.
    4%.

    Affected by the Thai government's procurement of tobacco chips and dry weather, overseas raw material prices remained strong
    .
    The inventory of Qingdao Free Trade Zone is still declining, with the rise in raw material prices, tire factory profits have been compressed, and the domestic semi-steel tire operating rate has declined
    .
    In May, with the domestic rubber production area being cut one after another, the supply and demand of raw materials is tight or eased
    .
    Today's Shanghai rubber 1609 contract futures price was supported by the 20-day moving average oscillated higher, and the competition at the 10,000-day mark intensified at the end of the day, but the 10-day moving average restrained the futures price, and the short-term recommended to trade
    in the 12600-13100 range.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.