echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > September 8 Shanghai rubber morning review

    September 8 Shanghai rubber morning review

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, the Shanghai rubber 1701 contract closed slightly higher, the short-term average supported the futures price, and the future market will continue to challenge the medium and long-term average upward, it is recommended to trade
    in the 12500-12800 range.
    The Shanghai rubber 1701 contract rose 0.
    4% to close at 12,615 yuan / ton
    .

    Shanghai rubber

    U.
    S.
    crude futures rose for a third straight session on Wednesday, driven by higher gasoline prices on expectations of a slowdown
    in refinery operations.
    NYMEX crude oil futures for October ended up 1.
    5 percent at $
    45.
    50 a barrel.

    News: 1.
    The new energy vehicle subsidy policy is about to land, and the national subsidy policy and fraudulent subsidy list
    will be announced.
    2.
    In the first seven months, the export of synthetic rubber in the United States increased by 6.
    7%.

    Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10350 (-50) yuan / ton; Vietnam 3L quotation 10600-10700 (0/0) yuan / ton; 15 years Thailand No.
    3 tobacco tablets 12600 (+100) yuan / ton; RMB mixed rubber 10650-10700 (+50/0) yuan/ton
    .
    Thai Hat Yai raw material market raw film 50.
    37 (-0.
    23) baht/kg; Tai San Tobacco Tablets 52.
    33 (-0.
    18) THB/kg; Field glue 48.
    5 (0) baht/kg ; Cup gum 41 (0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 10900 yuan / ton (+100) ; The market price of cis-butadiene rubber is 11350 yuan / ton (0).

    Warehouse receipt inventory: Exchange warehouse receipts were reported at 299,520 tons, a decrease of 1,490 tons
    .

    Recently, the operating rate of all-steel tires and semi-steel tires has been stable at about 70%, and the off-season is not light, and heavy trucks increased by 45% in August, hitting a new high this year, indicating that the overall demand performance is still good
    .
    From the perspective of circulation, as of the end of August, the decline in rubber inventory in Qingdao Free Trade Zone was wider
    than that in the previous period.
    The price of raw glue and cup glue in Thailand was stable, and white and tobacco tablets fell
    slightly.

    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.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.