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    Home > Chemicals Industry > New Chemical Materials > Rubber opened low to the downside, and the futures price fluctuated to close down

    Rubber opened low to the downside, and the futures price fluctuated to close down

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Wednesday, the rubber RU2009 contract opened low and volatile, and the futures price closed lower
    .
    The current price closed at 9715, -1.
    92% from the previous trading day; Volume 222499 lots, position volume 171020 lots, -1771, basis -265; RU9-1 spread -1425
    .
    The NR2006 contract futures closed at 7950, -2.
    09% from the previous session; The volume is 5130 lots, the position is 11388 lots, -194; NR5-6 spreads are -100
    .

    rubber

    News: 1.
    According to Longzhong Information statistics, as of the week of April 16, the operating rate of semi-steel tire manufacturers was 59.
    72%, down 1.
    35% month-on-month and 7.
    09% year-on-year; The operating rate of all-steel tire manufacturers was 64.
    04%, down 0.
    45% month-on-month and 7.
    93%
    year-on-year.
    2.
    Bureau of Statistics: China's tire production from January to March fell by 19.
    4%
    year-on-year.
    3.
    Bridgestone will suspend 11 Japanese plants
    from late April to early May.

    Market quotation: Shanghai market 18-year state-owned full latex reported 9450 (-300) yuan / ton, Vietnam 3L reported 9750 (-250) yuan / ton, Thailand No.
    3 tobacco film reported 11800 (-250) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1145 (-20) US dollars / ton, Qingdao market STR20 April cargo reported 1150 (-20) US dollars / ton
    .
    Thai Hat Yai raw material market Thai 39.
    77 (-0.
    28) baht/kg; field glue 38.
    2 (+0) baht/kg; Cup glue 27.
    25 (-0.
    35) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 8100 (+0) yuan / ton; The market price of cis-butadiene rubber is 7800 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 236450 tons, - 540 tons; NR warehouse receipt 68,263 tons, +0 tons
    .
    Main positions: RU2009 top 20 long positions 80200, - 413; short positions 118785, -2944; long and short reduction, net space reduction
    .

    Summary: From the current fundamental point of view, the domestic Yunnan and Hainan production areas have postponed cutting, and overseas raw materials have fallen to historical lows
    .
    In the downstream, the operating rate of domestic tire factories has continued to decline month-on-month, and significantly lower than the same period last year, international public health events continue to spread, tire export orders are seriously reduced, especially semi-steel tire factories, I heard that individual factories in Shandong have arranged to stop production and maintenance, some factories have lowered the second half of the month scheduling plan, and the probability of the later operating rate continuing to decline is large
    .
    In addition, the low price of crude oil has caused the price of synthetic rubber to follow the decline, which has a certain drag
    on the price of natural rubber.
    Due to the slow recovery of demand, rubber stocks in Qingdao have continued to rise recently, and the later destocking process may be longer than in previous years.

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