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    Home > Chemicals Industry > New Chemical Materials > September 23 Shanghai rubber morning review

    September 23 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 perform strongly, but it is necessary to be vigilant against the risk of the return of the current price spread, pay attention to the pressure around 13700, and recommend trading
    in the 12900-13700 range.

    Shanghai rubber

    Overnight Market: Crude oil futures continued to rise on Thursday as U.
    S.
    crude inventories unexpectedly decreased the previous day and the dollar weakened
    .
    NYMEX crude for October crude was up $0.
    98, or 2.
    2 percent, to close at $46.
    32 a barrel, after a daily high of $
    46.
    52.
    The overnight Shanghai rubber 1701 contract rose 2.
    12% to close at 13475 yuan / ton
    .

    Spot market: the 15-year quotation of state-owned whole milk in the Shanghai market is about 11400-11450 (+450/+450) yuan / ton; Vietnam 3L quotation 11800-11900 (+500/+500) yuan/ton; 15 years Thailand No.
    3 tobacco tablets 13600-13650 (+300/+200) yuan/ton; RMB mixed rubber 11700-11800 (+200/+200) yuan/ton
    .
    Thai Hat Yai raw material market raw film 51.
    25 (+0.
    38) baht/kg; Tai San tobacco tablets 54.
    63 (+0.
    82) baht/kg; field glue 49.
    5 (+0.
    5) baht/kg; Cup glue 44 (+1) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 11700 yuan / ton (+200); The market price of cis-butadiene rubber is 12900 yuan / ton (0).

    News: In January and August, Japan's synthetic rubber production increased, and cis-ding increased significantly
    .
    2.
    The creditors plan to sell Kumho Tyre's shares
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 295,900 tons, an increase of 540 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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