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    Home > Chemicals Industry > New Chemical Materials > September 22 Shanghai rubber morning review

    September 22 Shanghai rubber morning review

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    Driven by the fundamentals of bullishness, the short-term Shanghai rubber 1701 contract may be strong, but it is necessary to be wary of the risk of the return of the current price spread, pay attention to the pressure around 13300, and recommend trading
    in the 13000-13300 range.
    The overnight rubber 1701 contract rose 0.
    69% to close at 13225 yuan / ton
    .

    Shanghai rubber

    Overnight market: Crude futures rose on Wednesday as U.
    S.
    inventory data showed domestic crude inventories were at their lowest level since February and the dollar weakened
    .
    NYMEX crude for October delivery closed up $1.
    29, or 2.
    9 percent, at $
    45.
    34 a barrel.

    Spot market: the 15-year quotation of state-owned whole milk in the Shanghai market is about 10950-11000 (+50/+50) yuan / ton; Vietnam 3L quotation 11300-11400 (+200/+200) yuan/ton; 15 years Thailand No.
    3 tobacco tablets 13300-13450 (+50/0) yuan/ton; RMB mixed rubber 11500-11600 (+100/+100) yuan/ton
    .
    Thai Hat Yai raw material market raw film 51.
    87 (+0.
    3) baht/kg; Tai San tobacco tablets 53.
    81 (+0.
    22) baht/kg; field glue 49 (+0.
    5) baht/kg; Cup glue 43 (+0.
    5) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 11500 yuan / ton (+100) ; The market price of cis-butadiene rubber is 12900 yuan / ton (+100).

    News: In January and August, Japan's synthetic rubber production increased, and cis-ding increased significantly
    .
    2.
    The decline in rubber prices has boosted the profits of tire companies
    .

    Warehouse receipt inventory: Exchange warehouse receipts were reported at 295,360 tons, a decrease of 3,780 tons
    .

    At present, the operating rate of all-steel and semi-steel of domestic tire factories is stable at around 70%, higher than the same period last year, and the sales volume of heavy truck market has increased year-on-year, indicating that the overall downstream demand performance is better
    .
    From the perspective of circulation, as of mid-September, rubber stocks in Qingdao Free Trade Zone fell by 11.
    5%, a new low in nearly five years; The domestic full latex price is obviously discounted with mixed rubber, which is conducive to the outflow of stock on the exchange, and the old rubber warehouse receipt is solved
    .
    Raw material prices in Thailand continue to rise, and the supply of new rubber is still relatively tight; The recent sharp rise in synthetic rubber has provided support
    for the price of natural rubber.

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