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    Home > Chemicals Industry > New Chemical Materials > Rubber contracts are slightly lower and the opening price is volatile

    Rubber contracts are slightly lower and the opening price is volatile

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Monday, February 10, the rubber RU2005 contract opened slightly lower, and the futures price was
    volatile.
    The current price closed at 11345, +0.
    35% from the previous trading day; Volume 132028 lots, position volume 173280 lots, -967; basis -195; RU5-9 spread -300
    .
    The NR2004 contract futures closed at 9540, -0.
    16% from the previous session; Volume 8708 lots, position volume 19482 lots, +25; NR3-4 spread -90
    .

    rubber

    News: 1.
    In December 2019, Malaysia's tianjiao production continued to increase
    year-on-year.
    2.
    The prospect of Vietnam's rubber export recovery growth is more optimistic
    .
    3.
    According to Longzhong information statistics, the start of semi-steel tire manufacturers last week was 10.
    18%, flat month-on-month, down 4.
    74% year-on-year; The start of all-steel tire manufacturers was 12.
    06%, stable month-on-month, down 0.
    94%
    year-on-year.

    Market quotation: Shanghai market 18-year state-owned full latex reported 11150 (+0) yuan / ton, Vietnam 3L reported 11400 (+0) yuan / ton, Thailand No.
    3 tobacco film reported 13450 (+0) yuan / ton
    .
    Qingdao market STR20 warehouse spot reported 1375 (+0) US dollars / ton, Qingdao market STR20 January cargo reported 1375 (+0) US dollars / ton
    .
    February 10 is Thailand's Wanfo Festival compensatory holiday, and Hat Yai raw material market is closed
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 10800 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan/ton
    .

    Warehouse receipt inventory: RU warehouse receipt 236760 tons, +0 tons; NR warehouse receipts 25,826 tons, +1,412 tons
    .
    Main positions: RU2005 Top 20 long positions 79756, + 278; short positions 116199, -647; increase and decrease short, net space decreases
    .
    NR2003 Top 20 long positions 4962, -123; short positions 4988, -102
    .

    Summary: The delay in the resumption of work by tire companies will adversely affect short-term natural rubber demand, and the accumulation of inventory caused by the increase in imports in the early stage will also put pressure on rubber prices
    .
    However, at present, the world has entered a low production period, and southern Thailand will also stop cutting early due to weather impacts, and the supply side supports futures prices
    .
    And the recent epidemic control performance is optimistic, downstream tire factories are recovering one after another, and demand may gradually open
    .

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