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On Wednesday, the Shanghai rubber RU2201 contract reduced its position and contracted, and the futures price closed higher
.
The current price closed at 15265, +1.
09% from the previous trading day; Traded 648449 lots, position 203044 lots, -2985, standard basis -965; Non-standard basis -2265; RU1-5 spread -185
.
The NR2201 contract closed at 12195, +0.
87% from the previous session; Volume 18037 lots, position volume 29295 lots, +1053; NR12-1 spread -5
.
News: 1.
EU passenger car sales in September 2021 fell 23.
1% year-on-year, due to chip shortages
.
2.
Vietnam's rubber exports to the United States are on the rise
.
3.
In the first three quarters of 2021, the export volume of Ivory Coast Tianjiao increased by 9%
year-on-year.
Market quotation: Shanghai market 19 years state-owned full latex reported 14300 (-300) yuan / ton, Vietnam 3L reported 13550 (-100) yuan / ton
.
Qingdao market STR20 stock spot reported 1870 (+90) US dollars / ton, Qingdao market STR20 November cargo reported 1850 (+80) US dollars / ton
.
Qingdao area RMB Thai mix 13000 (+50) yuan / ton, RMB horse mix 12900 (+50) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 13100 (+200) yuan / ton, into the concentrated dairy plant 13600 (+200) yuan / ton
.
The purchase price of glue from dry rubber factory in Yunnan production area refers to 11.
9-12.
6 (0/0) yuan/kg, and the purchase price of glue in concentrated dairy plant refers to 12.
6-12.
8 (0/0 yuan/kg
).
Field glue in Hat Yai raw material market in Thailand 52.
5 (+0.
8) baht/kg; Cup glue 48.
55 (+0.
75) 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 209500 tons, +810 tons; NR warehouse receipt 28819 tons, + 0 tons
.
Main positions: RU2201 top 20 long positions 93766, -541; short positions 132429, -2630; long and short decrease, net short increased
.
Summary: Recently, the rainfall in the main producing areas has gradually decreased, which has weakened the impact on the rubber tapping work
.
Shipping delays from Southeast Asia to China have eased, but natural rubber imports may still be difficult to increase significantly in October, and there is a possibility
of a significant increase in November.
Recently, the consumption of Qingdao has been declining, and domestic inventory has accelerated its accumulation
.
Although the operating rate of domestic tire factories rose month-on-month last week, it was still at a low level, and some factories were limited by electricity and other factors, and there were production restrictions or shutdowns, and the short-term operation increase was limited
.
Affected by the high price of raw materials and power and production restrictions, factories have a strong willingness to increase prices, but the terminal demand has not increased significantly, which drags the implementation of market price increases
.
On the market, the RU2201 contract rebounded downward, focusing on support around 14800 in the short term, and it is recommended to trade
in the 14800-15450 range.