 Home > Chemicals Industry > New Chemical Materials > Rubber warehouse reduction and shrinkage futures prices fell under pressure

Rubber warehouse reduction and shrinkage futures prices fell under pressure

 Last Update: 2022-12-16
 Source: Internet
 Author: User

Tags

short long term memory

grey state movie

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Market situation: rubber position reduction, RU2001 position reduction, futures price closed down
.
The day closed at 11815, -1.
05% from the previous trading day; Volume 303578, position 355642, -5134, basis -715, +90, Ru1-May spread -165, +0
.
NR2002 closed at 10105, -0.
69% from the previous trading day; Volume 2876, position 25004, -384, basis -498, +39, NR2-5 spread -200, +15
.

rubber

News: 1.
According to Longzhong Information, the preliminary value of natural rubber imports in August 2019 was 430,000 tons, down 1.
62% month-on-month and 14.
02% year-on-year, and the cumulative import volume from January to August 2019 was 3.
2915 million tons, down 8.
23%
year-on-year.
2.
In July 2019, Malaysia's tianjiao production increased
year-on-year.
3.
The base of the same period is large, and the sales volume in Europe in August is the largest monthly decline this year
.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11100 (+0) yuan / ton; Vietnam 3L quotation 11200 (+0) yuan / ton; Thailand No.
3 tobacco tablets 13500 (+0) yuan / ton; Yunnan 18 years full latex 10950 (+0) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant remained stable at 10,800 yuan / ton
.
Thai Hat Yai raw material market raw film 39.
63 (-0.
12) baht/kg; Tai San Tobacco Tablets 41.
51 (-0.
28) THB/kg; field glue 40 (+0) baht/kg; Cup glue 33.
5 (+0.
25) baht/kg
.
SMR20 Qingdao Free Trade Zone warehouse price increase of 1345 (-5) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1345 (-5) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse price increase of 1355 (+0) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10800 (+100) yuan / ton; The market price of cis-butadiene rubber is 11500 (+200) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 428140 tons, -850 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 Top 20 long positions 78051, -1387; short positions 116575, -1917
.
Long and short are reduced together, and headroom is reduced
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the weather in Southeast Asia is better, and the supply will increase significantly in the later period
.
On the demand side, affected by environmental protection factors in September, the operating rate in Shandong may decline, and there is still no bright spot on the demand side
.
At present, the rubber tapping season is still facing an oversupply situation, and the rebound of futures prices is weak
.
Technically, the RU2001 contract price fell under pressure, focusing on the support around 11800 below, and if it effectively fell below, it could be bullish on the first line; The NR2002 contract is weakening with short-term recommendations in the 9900-10200 range
.

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.