echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Rubber continues to be finished in a narrow range

    Rubber continues to be finished in a narrow range

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the rubber RU2009 contract continued to fluctuate in a narrow range
    .
    The current day price closed at 10400, +0% from the previous trading day; Volume 165038 lots, position volume 205290 lots, -5348; basis -200; RU9-1 spread - 1265
    .
    NR2009 contract futures closed at 8835, +0.
    34% from the previous session; The volume is 3953 lots, the position volume is 18131 lots, 225; NR8-9 spread is -135
    .

    rubber

    News: 1.
    According to Longzhong Information statistics, as of the week of June 18, the operating rate of domestic semi-steel tire manufacturers was 66.
    79%, up 10.
    37% month-on-month and down 1.
    84% year-on-year; The operating rate of all-steel tire manufacturers was 70.
    33%, up 6.
    21% month-on-month and down 3.
    30%
    year-on-year.
    2.
    Bureau of Statistics: China's synthetic rubber production in May increased by 7.
    1% year-on-year to 591,000 tons
    .
    3.
    Bureau of Statistics: China's tire production in May fell by 4.
    6%
    year-on-year.

    Market quotation: Shanghai market 18-year state-owned full latex reported 10200 (+0) yuan / ton, Vietnam 3L reported 10850 (+0) yuan / ton, Thailand No.
    3 tobacco film reported 12700 (+0) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1245 (-10) US dollars / ton, Qingdao market STR20 June cargo reported 1245 (-10) US dollars / ton
    .
    Field glue in Hat Yai raw material market in Thailand 44.
    3 (+0.
    2) baht/kg; Cup glue 32.
    1 (+0.
    25) baht/kg
    .
    Domestic Yunnan Xishuangbanna glue is 9.
    5-9.
    7 (+0/+0) yuan/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 8000 (+0) yuan / ton; The market price of cis-butadiene rubber is 7900 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 229590 tons, -1840 tons; NR warehouse receipts 56115 tons, -1210 tons
    .

    Main positions: RU2009 top 20 long positions 92435, -2984; short positions 141148, -3028 long and short with reduction, net space reduction
    .

    Summary: From the current fundamental point of view, the current output of Banna raw materials is higher than the previous period, but it is still in short supply
    .
    Continuous rainfall and shortage of rubber farmers in Thailand's production areas have affected relatively small production
    .
    In terms of inventory, the bonded inbound rate of Qingdao in the last cycle was greater than the outbound rate, and the inventory inside and outside the region increased
    slightly.
    In the downstream, the operating rate of the domestic tire market last week rebounded sharply month-on-month, and the export orders of semi-steel tire manufacturers increased, and manufacturers increased production scheduling in order to supplement export inventory; The production of all-steel tires in Dongying, where production is limited by environmental factors, has gradually returned to normal levels
    .
    From the terminal point of view, the performance of tire supporting demand in the later period driven by infrastructure is expected to be better
    .
    From the perspective of the market, the RU2009 contract price continues to fluctuate and consolidate, and it is recommended to trade in the 10250-10600 range in the short term; The NR2009 contract is recommended to trade
    in the 8650-9000 range for short term.

    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.