echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber futures prices closed slightly higher, short-term focus on pressure around 14160

    Shanghai rubber futures prices closed slightly higher, short-term focus on pressure around 14160

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the Shanghai rubber RU2201 contract opened high and volatile, and the futures price closed slightly higher
    .
    The current price closed at 13925, +0.
    14% from the previous trading day; Traded 199890 lots, position 154966 lots, -795, standard basis -825; Non-standard basis -1475; RU1-5 spread -190
    .
    The NR2201 contract futures closed at 11085, +0.
    23% from the previous session; Volume 17969 lots, position 21290 lots, +286; NR1-2 spread -100
    .

    Shanghai rubber

    News: 1.
    In the first three quarters of 2021, US tire imports increased by 23%
    year-on-year.
    2.
    China's broad passenger car market retail sales in October was 1.
    738 million units
    .
    3.
    In the first ten months of 2021, the total export volume of Vietnamese sky rubber and mixed rubber increased by 15%
    year-on-year.

    Market quotation: Shanghai market 19-year state-owned full latex reported 13100 (+0) yuan / ton, Vietnam 3L reported 12850 (+0) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1725 (+0) US dollars / ton, Qingdao market STR20 December cargo reported 1720 (+0) US dollars / ton
    .
    Qingdao area RMB Thai mix 12450 (+0) yuan / ton, RMB horse mix 12400 (+0) yuan / ton
    .
    Hainan state-owned glue into the whole dairy plant 12200 (+0) yuan / ton, into the concentrated dairy plant 12600 (+0) yuan / ton
    .
    The purchase price of glue from dry rubber factory in Yunnan production area refers to 12.
    2-12.
    7 (0/-0.
    3) yuan/kg, and the purchase price of glue from concentrated dairy plant refers to 12.
    6-12.
    9 (-0.
    2/-0.
    4) yuan/kg
    .
    Field glue in Hat Yai raw material market in Thailand 52.
    3 (-0.
    5) baht/kg; Cup gum 47.
    55 (+0.
    15) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 13000 (-400) yuan / ton; The market price of cis-butadiene rubber is 13700 (-200) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 249280 tons, + 530 tons; NR warehouse receipts 34,150 tonnes, +2,923 tonnes
    .
    Main positions: RU2201 Top 20 long positions 71188, - 294; short positions 99629, + 1230; short increase or decrease, net short increase
    .

    Summary: The recent rainfall still has a certain impact on the main producing areas of Southeast Asia; Domestic Yunnan production areas will usher in a halt in late November, and the recent rainfall is also slightly more, and the price of raw materials in Hainan production areas will temporarily stabilize
    .
    The recent increase in arrivals is not significant, and although it is expected that imports may increase slightly month-on-month in November, it is necessary to pay attention to the weather conditions
    in Southeast Asian production areas.
    Due to the relative concentration of natural rubber imports in the middle and late months of last month and the poor downstream procurement, the destocking in Qingdao slowed down
    .
    Last week, the operating rate of domestic tire factories increased month-on-month, the power rationing phenomenon has eased, maintenance manufacturers have gradually resumed work, and the current foreign trade orders of the factory are acceptable, which is expected to support the continued increase in operating rate
    .
    On the market, the RU2201 contract closed slightly higher, focusing on the pressure
    around 14160 in the short term.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.