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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber futures prices closed higher, short-term focus on support around 14800

    Shanghai rubber futures prices closed higher, short-term focus on support around 14800

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai rubber RU2201 contract reduced its position and increased, and the futures price closed higher
    .
    The current price closed at 14865, +1.
    75% from the previous trading day; Traded 650343 lots, open position 175427 lots, -2138, standard basis -915; Non-standard basis-2015; RU1-5 spread -150
    .
    The NR2201 contract futures closed at 11720, +1.
    03% from the previous session; The volume is 34817 lots, the position is 22068 lots, -895; NR12-1 spread is -20
    .

    Shanghai rubber

    News: 1.
    In the first three quarters of 2021, Thailand's export volume of tianjiao increased by 29% year-on-year, while the mixed rubber decreased by 29%.

    2.
    The epidemic situation in Pattani, Thailand, is severe, and prevention and control have been upgraded
    .
    3.
    India's rubber production is expected to decrease sharply from October to November, and rubber tapping is hindered
    due to heavy rainfall.

    Market quotation: Shanghai market 19-year state-owned full latex reported 13950 (+250) yuan / ton, Vietnam 3L reported 13350 (+150) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1790 (+10) US dollars / ton, Qingdao market STR20 November cargo reported 1770 (+10) US dollars / ton
    .
    Qingdao area RMB Thai mix 12850 (+0) yuan / ton, RMB horse mix 12800 (+0) yuan / ton
    .
    Hainan state-owned glue into the whole dairy plant 13000 (+500) yuan / ton, into the concentrated milk plant 13500 (+500) yuan / ton
    .
    The purchase price of glue in dry rubber factory in Yunnan production area refers to 12-12.
    8 (0/0) yuan/kg, and the purchase price of glue in concentrated dairy plant refers to 12.
    6-13.
    2 (0/0) yuan/kg
    .
    Field glue at Hat Yai raw material market in Thailand 54 (+0.
    5) baht/kg; Cup glue 48.
    4 (+1.
    1) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 14300 (+0) yuan / ton; The market price of cis-butadiene rubber is 14700 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 212810 tons, +390 tons; NR warehouse receipt 28103 tons, + 0 tons
    .

    Main positions: RU2201 top 20 long positions 79989, +517; short positions 113071, -2314; long short decrease, net space decrease
    .

    Summary: The recent rainfall in the main producing areas is expected to decrease, the impact on the rubber tapping work will be weakened, this month's natural rubber arrival is less than expected, natural rubber imports may be difficult to increase significantly, but due to the relatively concentrated natural rubber imports in the middle and late months and poor downstream procurement, it is expected that Qingdao destocking slows down
    .
    Last week, the operating rate of domestic tire factories fell month-on-month and remained at a low level
    .
    Affected by environmental protection, some factories have stopped production and maintenance, and some factories have limited or stopped production due to factors such as limited electricity
    .
    However, last week's sharp decline in the price of tianjiao stimulated downstream replenishment enthusiasm, driving demand for natural rubber
    .
    On the market, the RU2201 contract rebound was blocked and retreated, and the short-term focus was supported around 14800
    .

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