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    Home > Chemicals Industry > New Chemical Materials > Rubber rebound blocked to fall back in the future supply pressure is still large

    Rubber rebound blocked to fall back in the future supply pressure is still large

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Monday, the rubber rebound was blocked and retreated, RU2001 reduced its position and contracted, and the futures price closed lower
    .
    The day closed at 11935, -0.
    91% from the previous trading day; Volume 326686, position 300630, -6436, basis -535, -15, Ru1-May spread -175, +5
    .
    NR2002 closed at 10120, -0.
    15% from the previous trading day; Volume 6958, position 30384, -82, basis -608, +1, NR2-5 spread -260, -45
    .

    rubber

    News: 1.
    China's imports of natural and synthetic rubber (including latex) in October were 500,000 tons
    .
    2.
    In September 2019, Malaysia's production of tianjiao increased
    year-on-month.
    3.
    According to Longzhong Information statistics, the construction of semi-steel tires started 67.
    76% last week, up 0.
    36% month-on-month and 0.
    26% year-on-year; All-steel tires started 67.
    24%, down 0.
    46% month-on-month and 6.
    56%
    year-on-year.

    Market quotation: the quotation of 18-year state-owned whole milk (Yunxiang) in the Shanghai market is 11400 (-50) yuan / ton; Vietnam's 3L quotation is 11300 (+0) yuan/ton; Thailand No.
    3 tobacco tablets 14000 (-100) yuan/ton; Yunnan 19 years full latex 11350 (+0) yuan / ton
    .
    Thai Hat Yai raw material market raw film 37.
    77 (-0.
    33) baht/kg; Tai San tobacco tablets 39.
    99 (+0.
    04) baht/kg; field glue 38.
    5 (+0.
    2) baht/kg; 32.
    5 (+0) THB/kg
    .
    SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1350 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1350 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1365 (+0) US dollars / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10600 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 432730 tons, -570 tons; NR warehouse receipt 0 tons
    .
    Main positions: RU2001 top 20 long positions 68975, -75; short positions 101844, -1958
    .
    Long and short are reduced together, and headroom is reduced
    .

    Summary: At present, domestic and foreign production areas are in the rubber tapping period, although the recent increase in rainfall in Thailand has affected production, but with the arrival of the strong supply period, the future supply pressure is still greater
    .
    Recently, the overall operation of Shandong tire enterprises has remained stable, and it is currently in the stage of strict inspection of environmental protection in autumn and winter, and the start of enterprises will be affected from time to time, and short-term tire manufacturers will start work or mainly stabilize
    .
    In terms of the end market, the sales volume of heavy trucks continued to improve, and near the end of the year, the elimination and renewal policy of diesel trucks under China III stimulated the demand for new vehicles in the heavy truck market, which supported the consumption of natural rubber
    .
    Technically, the Shanghai rubber RU2001 contract closed down in volatility, focusing on the support around 11880 below, and it is recommended to trade in the 11880-12200 range in the short term; The NR2002 contract is recommended to trade
    in the 10050-10200 range for short term.

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