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    Home > Chemicals Industry > New Chemical Materials > Rubber futures closed higher Market sentiment was high

    Rubber futures closed higher Market sentiment was high

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Thursday, the rubber RU2105 contract increased its position, and the futures price closed higher
    .
    The current price closed at 16955, +5.
    61% from the previous trading day; Volume 1005974 lots, position volume 218668 lots, +5788, basis -555; RU5-9 spread -5
    .
    The NR2105 contract futures closed at 13100, +7.
    95% from the previous session; Volume 21111 lots, position volume 34053 lots, +2636; NR04-05 spread -145
    .

    rubber

    News: 1.
    The Thai government extended the emergency law, but agreed to lift the ban on restaurants, entertainment venues, etc
    .
    2.
    For the 10th time, the Thai government announced the extension of the implementation of the
    Emergency Decree.
    3.
    Indonesia's micro-community restrictions have been delayed again, allowing some foreigners to enter
    .

    Market quotation: Shanghai market 19 years state-owned full latex reported 16400 (+950) yuan / ton, Vietnam 3L reported 15100 (+550) yuan / ton, Thailand No.
    3 tobacco film reported 23050 (+950) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1820 (+40) US dollars / ton, Qingdao market STR20 March cargo reported 1830 (+40) US dollars / ton
    .
    Field glue at Hat Yai raw material market in Thailand 66.
    5 (+0.
    5) baht/kg; Cup glue 45.
    3 (+0.
    75) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 14200 (+600) yuan / ton; The market price of cis-butadiene rubber is 13200 (+800) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 167940 tons, +0 tons; NR warehouse receipt 59,472 tons, + 202 tons
    .
    Main positions: RU2105 top 20 long positions 96579, + 1473; short positions 139755, + 774; long and short increased, net space decreased
    .

    Summary: On the supply side, in the global production contraction, southern Thailand is approaching the end of February, and the high profit of concentrated milk has promoted the price of raw materials in Thailand
    .
    As of February 21, China's natural rubber social inventory increased by 1.
    01% from January 31 and increased by 1.
    99%
    year-on-year.
    Due to the recent easing of ship space tension, the import of tianjiao at the end of the month may be more concentrated, while the downstream construction has started one after another, but the demand has not recovered to a high level, and it is expected that there is still a small accumulation in
    the short term.
    Downstream, due to the impact of employment and other issues, it is expected that the operating rate of tire factories will gradually increase to a level of nearly 60% to 70% by the end of February.

    On the macro level, affected by the above-expected vaccination progress in developed countries and the upcoming fiscal stimulus policies in the United States, market sentiment is high, coupled with the strengthening of crude oil, the optimism of chemicals continues to be strong, RU2105 contracts, NR2105 contracts rose sharply, but in the short term, we need to beware of the correction caused by the rapid rise in futures prices
    .

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