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    Home > Chemicals Industry > New Chemical Materials > Rubber rebound weakened futures prices closed slightly lower

    Rubber rebound weakened futures prices closed slightly lower

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Thursday, rubber RU2001 reduced its position and increased, and futures prices closed lower
    .
    The day closed at 12475, -0.
    76% from the previous session; Volume 385842, position 177178, -19714, basis -625, -20, Ru1-May spread -190, -45
    .
    NR2003 closed at 10785, -0.
    51% from the previous session; Volume 17822, position 46798, +1096, basis -725, -65, NR3-4 spread -100, -50
    .

    rubber

    News: 1.
    In 2019, the global car market sales may decline by more than 3 million units
    .
    In February, the European auto market increased by 8.
    6% in October, and only the United Kingdom still fell
    among the five major markets.
    3.
    Ministry of Finance: The subsidy budget for new energy vehicles in 2020 is 31.
    4 billion yuan.

    Market quotation: the quotation of 18-year state-owned whole milk (Yunxiang) in the Shanghai market was 11850 (-50) yuan / ton; Vietnam 3L quotation 11900 (-50) yuan / ton; Thailand No.
    3 tobacco tablets 14450 (-50) yuan/ton; Yunnan 19 years full latex 12200 (+0) yuan / ton
    .
    Thai Hat Yai raw material market raw film 38.
    96 (-0.
    09) baht/kg; Tai San tobacco tablets 41.
    55 (-0.
    1) baht/kg; field glue 39 (+0.
    4) baht/kg; 34 (+0) THB/kg
    .
    SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1415 (-15) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse price increase of 1420 (-5) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1430 (-10) US dollars / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10700 (+100) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 167390 tons, +500 tons; NR warehouse receipt 0 tons
    .

    Main positions: RU2001 top 20 long positions 41085, -6453; short positions 61394, -7253; long and short are reduced, net short is reduced
    .
    NR2003 Top 20 Long Positions 21697, +344; Short Positions 21140, +428; Long and Short Positions Increased, Net Long Decreased
    .

    Summary: At present, rubber tapping in the domestic Yunnan production area has entered the end, and the price of raw materials is higher than the same period last year, indicating that the supply is tight
    .
    However, Southeast Asia is still in a period of strong supply, and future supply pressure remains
    .
    Recently, the start of Shandong tire enterprises has fallen slightly, and it is currently in the stage of strict environmental protection inspection in autumn and winter, and the start of enterprises will be affected from time to time, and short-term tire manufacturers may start work or be stable
    .
    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 reduced its position and closed down, and the market paid attention to the support near the 12400 line, and it was recommended to trade in the 12400-12550 range in the short term; The NR2003 contract opened low and volatile, focusing on the pressure around 10790, and trading
    in the 10650-10850 range in the short term.

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