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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber closed slightly lower due to the decline in the price of synthetic rubber

    Shanghai rubber closed slightly lower due to the decline in the price of synthetic rubber

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Domestic market: On Thursday, the main 1709 contract of Shanghai rubber increased its position and decreased its position, closing slightly lower, and the price closed at 14985 yuan / ton on the day, down 0.
    10% from the previous trading day, increasing its position by 2586 lots, and trading 650630 lots
    .

    Shanghai rubber

    News: In January and March, China's imports of sky rubber and synthetic rubber increased by 32.
    1%
    year-on-year.
    In February and February, Malaysia's tianjiao production increased by 58.
    4%
    year-on-year.

    Spot: Shanghai natural rubber market 15 years of state-owned full latex quotation in 13800-13900 (+50/+50) yuan / ton; Vietnam 3L quotation 14600 (0) yuan/ton; 15 years Thailand No.
    3 tobacco flakes 14800 (+300) yuan / ton; RMB mixed rubber 13500-13600 (-650) yuan 5/ton
    .
    Thai Hat Yai raw material market raw film 69.
    02 (0) baht/kg; Tai San tobacco tablets 74.
    75 (0) baht/kg; Field glue 68 (0) baht/kg; Cup glue 55 (0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12300 (-500) yuan / ton; The market price of cis-butadiene rubber is 14200 (-1000) yuan / ton
    .

    At present, the operating rate of semi-steel in domestic tire factories is lower than the same period last year, and the operating rate of all-steel tires is slightly higher than the same period level, and in March 2017, the domestic heavy-duty truck market sold a total of about 106,000 vehicles of various types, a significant increase of 42% over the same period last year, but an increase of 23%
    month-on-month.
    In March, heavy-duty truck sales hit a new high in the same period in nearly six years, indicating that downstream demand is still performing well
    .

    From the perspective of circulation, as of March 31, 2017, the total rubber inventory of Qingdao Bonded Bureau increased by 5.
    83% compared with March 15, 2017 to 197,900 tons, an increase of 07,300 tons from the previous month, and the overall inventory was at a high level; Downstream enterprise tires were affected by environmental protection inspections, resulting in a decline in operation, which lowered downstream tire demand
    .

    Yunnan's partial cutting, coupled with Thailand's 107,000 tons of inventory, and no enterprise auction, all have a serious
    impact on the suppression of Shanghai rubber.
    In addition, the continuous decline in the price of synthetic rubber has formed a certain drag
    on the price of Shanghai rubber.
    The Shanghai rubber 1709 contract focuses on support around 14500 in the short term, and it is recommended to trade
    in the 14500-15900 range.

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