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Rubber contracts opened high and moved low, closing slightly higher in late trading

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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The rubber RU2005 contract opened higher and lower on Tuesday and closed slightly higher
at the end of the day.
The current price closed at 11025, +0.
87% from the previous trading day; Volume 167552 lots, position volume 136782 lots, -2201, basis -175; RU5-9 spread -280
.
The NR2005 contract futures closed at 9370, +0.
97% from the previous session; Volume 7260 lots, position 17407 lots, +510; NR3-4 spread -120
.

rubber

News: 1.
Moody's: In 2020, global car sales due to the epidemic will decline by 2.
5%, and China will decline by 2.
9%.

In February and February, the national auto dealer inventory warning index increased by 27.
7%
year-on-year.
3.
According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 49.
32%, up 16.
16% month-on-month and down 8.
42% year-on-year; The operating rate of all-steel tire manufacturers was 53.
26%, up 16.
24% month-on-month and down 12.
65%
year-on-year.

Market quotation: Shanghai market 18-year state-owned full latex reported 10850 (+200) yuan / ton, Vietnam 3L reported 11100 (+200) yuan / ton, Thailand No.
3 tobacco film reported 13150 (+200) yuan / ton
.
Qingdao market STR20 stock spot reported 1340 (+25) US dollars / ton, Qingdao market STR20 January cargo reported 1350 (+30) US dollars / ton
.
Thai Hat Yai raw material market raw film 42.
05 (+0.
94) baht/kg; Tai San Tobacco Tablets 44.
5 (-0.
05) baht/kg; field glue 43.
5 (-0.
9) baht/kg; 33 (+0.
2) THB/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 9800 (+0) yuan / ton; The market price of cis-butadiene rubber is 9800 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 238870 tons, -30 tons; NR warehouse receipt 44373 tons, + 605 tons
.
Main position: RU2005 Top 20 long positions 64494, -1973; short positions 93332, -187; long and short decrease, net short increased
.

Summary: At present, the world has entered a low production period, and the supply side has formed a support
for the futures price.
The recent domestic epidemic control performance is optimistic, downstream tire factories have recovered one after another, and the operating rate has rebounded significantly, but the start of terminal demand is slow, and the accumulation of inventory brought about by the increase in imports in the early stage will continue to pressure rubber prices
in the short term.
From the plate point of view, affected by the peripheral market, RU2005 contract opened high and low, the upper pressure was under the pressure of the 11250 line, the futures price rebound strength was insufficient, and it was recommended to trade in the 10800-11250 range in the short term; The NR2005 contract is recommended to trade
in the 9150-9550 range for short term.

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