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    Home > Chemicals Industry > New Chemical Materials > Rubber closed slightly higher, and there is limited room for futures prices to rebound

    Rubber closed slightly higher, and there is limited room for futures prices to rebound

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: last Friday rubber closed higher, RU2001 increased positions, futures prices closed higher
    .
    The day closed at 11815, +1.
    2% from the previous trading day; Volume 471432, position 360542, +17490, basis -1265, -175, Ru9-January spread -1140, -55
    .
    NR2002 reduced its position to close higher, closing at 10065 on the day, +1% from the previous trading day; Volume 7310, position 24738, -168; basis -631, -125
    .

    rubber

    News: China's new car market in January and July fell by 4.
    3%
    year-on-year.
    2.
    According to Longzhong Information, the construction of semi-steel tires started 63.
    52% last week, up 0.
    49% month-on-month and 9.
    52% year-on-year; All-steel tires started 65.
    89% this week, up 1.
    66% month-on-month and 13.
    39%
    year-on-year.
    3.
    When the reshuffle of the independent tire industry was underway, Guopeng Rubber bankruptcy auction was sold for 117 million yuan
    .

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10550 (+0) yuan / ton; Vietnam 3L quotation 11000 (+0) yuan / ton; Thai No.
    3 tobacco tablets 13200 (+0) yuan/ton; Yunnan 18 years full latex 10600 (+0) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant is 9700 yuan / ton
    .
    Thai Hat Yai raw material market raw film 39.
    87 (+0.
    48) baht/kg; Tai San Tobacco Tablets 42.
    49 (+0.
    07) THB/kg; field glue 39.
    5 (+0) baht/kg; Cup gum 32.
    5 (-0.
    25) baht/kg
    .
    SMR20 Qingdao Free Trade Zone warehouse price increase of 1315 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1325 (-5) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1325 (+0) US dollars / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10500 (+0) yuan / ton; The market price of cis-butadiene rubber is 10900 (+200) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 421180 tons, -200 tons; NR warehouse receipt 0 tons
    .
    Main positions: RU2001 Top 20 long positions 81738, +4429, short positions 119409, +3626
    .
    Long and short increase together, headroom decreases
    .

    Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
    .
    Vietnam's exports to China have increased significantly, and inventories will still recover
    as imports continue to arrive.
    At the same time, the September contract is about to enter the delivery month, and the pressure of warehouse receipts will still suppress
    the futures price.
    On the demand side, the disaster-stricken enterprises have resumed work one after another, and the start of construction is gradually increasing, which has formed a favorable support for the overall start, but at present, domestic tire consumption is still just demand, and there is no bright spot in demand
    .
    On the whole, the rubber tapping season is still facing an oversupply situation, and the room for futures price rebound is limited
    .

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