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    Home > Chemicals Industry > New Chemical Materials > Rubber intraday fluctuations intensified, and pre-holiday stocking was basically completed

    Rubber intraday fluctuations intensified, and pre-holiday stocking was basically completed

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Tuesday, the rubber RU2105 contract reduced its position and closed lower, and intraday volatility intensified
    .
    The current day price closed at 14570, -0.
    38% from the previous trading day; Volume 497287 lots, position volume 197479 lots, -2526, basis -520; RU5-9 spread -65
    .
    The NR2104 contract closed at 10675, -1.
    52% from the previous session; Volume 20711 lots, position volume 28047 lots, +1495; NR04-05 spread -105
    .

    rubber

    News: 1.
    China's multi-department joint efforts to stabilize international freight have continued to skyrocket, and sea freight has reached an inflection point
    .
    2.
    Small rubber farmers in Thailand will receive subsidies
    .
    3.
    In January 2021, China's heavy-duty truck market is expected to sell more than 180,000 vehicles of various types, a significant increase of 54% year-on-year, setting a new historical record
    for sales in the heavy-duty truck market in January.

    Market quotation: Shanghai market 19 years state-owned full latex reported 14050 (+50) yuan / ton, Vietnam 3L reported 13500 (+50) yuan / ton, Thailand No.
    3 tobacco film reported 20600 (+50) yuan / ton
    .
    Qingdao market STR20 warehouse spot reported 1650 (+25) US dollars / ton, Qingdao market STR20 February cargo reported 1655 (+25) US dollars / ton
    .
    Field glue in Hat Yai raw material market in Thailand 44.
    5 (-1) baht/kg; Cup gum 38.
    9 (+0) 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 167940 tons, +0 tons; NR warehouse receipt 57164 tons, + 1845 tons
    .
    Main positions: RU2105 top 20 long positions 86885, - 1599; short positions 137062, -423; long and short decrease, net short increased
    .

    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
    .
    The Thai Rubber Authority decided to launch a 200,000-ton fresh latex purchase plan, and the market will pay attention to its actual landing
    .
    On the demand side, the Spring Festival is approaching, the pre-holiday stocking is basically completed, most tire companies in Dongying area have stopped work and holiday, and rubber demand is expected
    to decline.
    On the market, the RU2105 contract closed slightly lower, and it is still recommended to trade in the 14400-14900 range in the short term; The NR2104 contract is recommended to trade
    in the 10560-11000 range.

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