echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Rubber opened low and fluctuated futures prices closed slightly lower

    Rubber opened low and fluctuated futures prices closed slightly lower

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market conditions: rubber opened low, RU2001 increased positions and contracted, and futures prices closed slightly lower
    .
    The day closed at 11430, -0.
    39% from the previous trading day; Volume 129596, position 324940, +9154; basis -680, +40; Ru1-May spread -185, +0
    .
    NR2002 closed at 9680, -1.
    12% from the previous trading day; Volume 5480, position 21442, +802, basis -151, +126, NR2-5 spread -235, -30
    .

    rubber

    News: U.
    S.
    tire imports from China in January and August continued to decline
    month-on-month.
    2.
    Thailand's exports of Tianjiao to China in August fell
    year-on-year.
    3.
    The import volume of natural rubber in the United States in August increased
    year-on-year.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10750 (-50) yuan / ton; Vietnam 3L quotation 10900 (-100) yuan / ton; Thai No.
    3 tobacco tablets 13250 (+0) yuan/ton; Yunnan 18 years full latex 10900 (+0) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant fell to 9900 yuan / ton
    .
    Thai Hat Yai raw material market raw film 35.
    53 (+0.
    18) baht/kg; Tai San Tobacco Tablets 38.
    21 (+0.
    22) THB/kg; field glue 35.
    5 (+0) baht/kg; Cup glue 29.
    5 (+0) baht/kg
    .
    SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1330 (+10) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1330 (+5) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1335 (+5) US dollars / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (+0) yuan / ton; The market price of cis-butadiene rubber is 12400 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 409030 tons, +5510 tons; NR warehouse receipt 0 tons
    .

    Main positions: RU2001 top 20 long positions 75202, +2153; short positions 111646, +3032
    .
    Long and short increase at the same time, headroom increases
    .

    Summary: At present, domestic and foreign production areas are in the rubber tapping period, the supply of Southeast Asia has increased significantly, and the price of raw materials has continued to fall
    .
    On the demand side, after the holiday, the operating rate of Shandong tire enterprises may increase, but consumption is still rigid.

    At present, the rubber tapping season is still facing an oversupply situation
    .
    Technically, the RU2001 contract price opened low and fluctuated, focusing on the support around 11300 below, and it is recommended to trade in the 11300-11550 range in the short term; The NR2002 contract focuses on support around 9600 and is recommended to trade
    in the 9600-9800 range in the short term.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.