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    Home > Chemicals Industry > New Chemical Materials > Rubber futures prices closed down and demand was expected to decline

    Rubber futures prices closed down and demand was expected to decline

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Tuesday, the rubber RU2105 contract increased its position and contracted, and the futures price closed lower
    .
    The current day price closed at 14060, -1.
    78% from the previous trading day; Volume 450129 lots, position volume 218902 lots, +3796, basis -410; RU5-9 spread -90
    .
    The NR2103 contract futures closed at 10390, -1.
    84% from the previous session; The trading volume is 19968 lots, the position is 16462 lots, -5685; NR03-04 spread is -125
    .

    rubber

    News: 1.
    Thailand's current vaccine procurement is only enough for 1/3 of the people to be vaccinated, and the restaurant business hours have been extended
    .
    2.
    Malaysia will extend the opening hours
    of restaurants from January 22.
    3.
    Qingdao Port inspects the activity trajectory for 14 days, and the inbound and outbound goods are sanitize
    .

    Market quotation: Shanghai market 19 years state-owned full latex reported 13650 (-100) yuan / ton, Vietnam 3L reported 13100 (-100) yuan / ton, Thailand No.
    3 tobacco film reported 20000 (-100) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1625 (-10) US dollars / ton, Qingdao market STR20 February cargo reported 1625 (-10) US dollars / ton
    .
    Field glue in Hat Yai raw material market in Thailand 42 (+0) baht/kg; Cup gum 38.
    15 (-0.
    65) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 12600 (+0) yuan / ton; The market price of cis-butadiene rubber is 11400 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 167230 tons, + 200 tons; NR warehouse receipt 52235 tons, + 403 tons
    .

    Main positions: RU2105 top 20 long positions 94778, + 1642; short positions 146586, + 1813; long and short increase, net short increase
    .

    Summary: From the perspective of overseas production areas, the northeast of Thailand is expected to stop cutting at the end of January, some areas are expected to stop cutting in mid-February, and the southern part is expected to stop cutting
    at the end of February.
    Recently, the epidemic situation in Thailand has eased, and the output and export volume of tianjiao under the peak production season have not been significantly affected
    .
    On the demand side, the Spring Festival is approaching, the pre-holiday stocking is basically completed, most tire companies in Dongying area plan to stop work and holiday in early February, due to the tightening of epidemic control, it is not ruled out to take a holiday in advance, and rubber demand is expected
    to decline.
    On the plate, the RU2105 contract increased its position to the downside, the futures price fell below the previous support, and the short-term focus was on the support around 13900, and the shock was treated with a bearish idea; The NR2103 contract is recommended to trade
    in the 10250-10650 range.

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