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On Wednesday, the Shanghai rubber RU2201 contract reduced its position and contracted, and the futures price closed slightly higher
.
The current price closed at 13815, +0.
25% from the previous trading day; Traded 225451 lots, position 159634 lots, -10037, standard basis -915; Non-standard basis -1615; RU1-5 spread -160
.
The NR2111 contract futures closed at 11250, +0.
13% from the previous session; Volume 6982 lots, position 6720 lots, -1424; NR11-12 spread 110
.
News: 1.
Malaysia's rubber glove industry calls on the government to bring in foreign workers
.
2.
Thailand will see heavy rains
in parts of the east and south in the coming week.
3.
In the first eight months of 2021, Thailand's export volume of tianjiao increased by 27% year-on-year, while the mixed rubber decreased by 30%.
Market quotation: Shanghai market 19 years state-owned full latex reported 12900 (-50) yuan / ton, Vietnam 3L reported 12700 (-50) yuan / ton
.
Qingdao market STR20 stock spot reported 1720 (+0) US dollars / ton, Qingdao market STR20 October cargo reported 1710 (+0) US dollars / ton
.
Qingdao area RMB Thai mix 12200 (+0) yuan / ton, RMB horse mix 12200 (+0) yuan / ton
.
Hainan state-owned glue into the whole dairy plant 11900 (-100) yuan / ton, into the concentrated milk plant 12300 (+0) yuan / ton
.
The purchase price of glue from dry rubber factory in Yunnan production area refers to 11.
4-11.
9 (0/0) yuan/kg, and the purchase price of glue in concentrated latex plant refers to 11.
7-11.
9 (0/0) yuan/kg
.
Field glue at Hat Yai raw material market in Thailand 48.
3 (+1.
3) baht/kg; Cup gum 45.
25 (+0.
55) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 12100 (+0) yuan / ton; The market price of cis-butadiene rubber is 12900 (+0) yuan / ton
.
Warehouse receipt inventory: RU warehouse receipt 199960 tons, + 200 tons; NR warehouse receipt 24,990 tons, +0 tons
.
Main positions: RU2201 top 20 long positions 71457, - 1437; short positions 109870, - 3245; long and short are reduced together, net short is reduced
.
Summary: The recent decrease in rainfall in the main producing areas has weakened the overall impact on the rubber tapping work
.
The price of raw material glue into the concentrated milk plant in the Hainan production area has risen again into the price of the full latex plant, and the diversion of raw materials to the concentrated milk plant has increased
.
Recently, the inventory in Qingdao has maintained a high consumption speed, but the alternative indicators in the Yunnan production area have entered rapidly, and a large number of them have entered the social warehouse, and the inventory changes
are paid attention to in the later stage.
On the demand side, tire starts fell slightly last week, affected by factors such as limited electricity, short-term overall starts remained at a low level, the National Day holiday was approaching, and some factories had holiday plans
.
On the market, the RU2201 contract closed slightly higher, short-term attention to the pressure around 14000, it is recommended to trade in the range of 13750-14000 within the day, the last trading day before the holiday, please pay attention to reasonable control of positions, to prevent long holiday risks
.