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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 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
    .

    Shanghai rubber

    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.

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