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    Home > Chemicals Industry > New Chemical Materials > Rubber rebound is hindered and the upper pressure is large

    Rubber rebound is hindered and the upper pressure is large

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Wednesday, the rubber rally was blocked, RU2001 rushed back down, and the futures price closed flat
    .
    The day closed at 11840, +0% from the previous trading day; Volume 407000, position 351698, +10900, basis -690, +5, Ru1-May spread -185, +0
    .
    NR2002 closed at 10015, -0.
    35% from the previous trading day; Volume 8186, position 27670, +674, basis -511, +73, NR2-5 spread -200, +5
    .

    rubber

    News: 1.
    A major rubber-growing area in Thailand was hit by a fungal disease outbreak
    .
    2.
    Thailand's export volume of tianjiao in September continued to decline
    .
    3.
    ANRPC: Global natural rubber production in the first half of 2019 decreased by 8.
    3%
    year-on-year.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11150 (+0) yuan / ton; Vietnam's 3L quotation is 11300 (+0) yuan/ton; Thailand No.
    3 tobacco tablets 13850 (+0) yuan/ton; Yunnan 19 years full latex 11150 (+50) yuan / ton
    .
    October 23 is the anniversary of King Rama V of Thailand, and the Thai raw material market is closed
    .
    SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1340 (+10) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1330 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1345 (+10) US dollars / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10400 (+0) yuan / ton; The market price of cis-butadiene rubber is 11300 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 408160 tons, +940 tons; NR warehouse receipt 0 tons
    .
    Main positions: RU2001 Top 20 long positions 81175, +1722; short positions 117562, +4498
    .
    Long and short increase at the same time, headroom increases
    .

    At present, domestic and foreign production areas are in the rubber tapping period, Southeast Asian supply has increased significantly, a major rubber planting area in Thailand has been hit by the outbreak of mycosis, but according to industry research, local production accounts for a small proportion of Thailand's total production, so the substantial impact is limited, but it is necessary to pay attention to the spread of fungal diseases in the later stage
    .
    After the holiday, the operating rate of Shandong tire enterprises increased significantly, but the northern environmental protection supervision in autumn and winter will restrict the start of tire factories
    .
    In terms of the terminal market, affected by the Wuxi viaduct incident, the domestic control of overload and overrun will be more stringent, but the increase in sales brought by the super-control has been overdrawn in 16 years, and the car sales have entered the off-season after October, and the increase in demand in the terminal market in the later period is limited
    。 Technically, the RU2001 contract rushed back down, and the futures price was suppressed around 12000 above, but there was support around 10700 below, and short-term it was recommended to trade in the 11700-12000 range; The NR2002 contract rushed back down, the pressure around 10130 above is greater, and it is recommended to trade
    in the 9950-10130 range in the short term.

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