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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber futures prices closed slightly lower short-term focus on support around 13500

    Shanghai rubber futures prices closed slightly lower short-term focus on support around 13500

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai rubber RU2201 contract increased its position, and the futures price closed slightly lower
    .
    The current price closed at 13720, -0.
    65% from the previous trading day; 258150 lots, position volume 211421 lots, +5259, standard basis -970; Non-standard basis -1570; RU9-1 spread -800
    .
    The NR2111 contract futures closed at 10775, -0.
    78% from the previous session; Volume 10244 lots, position volume 20140 lots, +251; NR10-11 spread -20
    .

    Shanghai rubber

    News: 1.
    China Association of Automobile Manufacturers: August automotive sales are expected to reach 1.
    711 million units, down 21.
    8%
    y/y.
    February and August Malaysia Rubber Production Subsidy (IPG) has not yet been launched
    .
    3.
    General Administration of Customs: China's rubber imports in August 2021 fell by 24.
    3% year-on-year to 529,000 tons
    .

    Market quotation: Shanghai market 19-year state-owned full latex reported 12750 (+0) yuan / ton, Vietnam 3L reported 12700 (+0) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1730 (+0) US dollars / ton, Qingdao market STR20 October cargo reported 1720 (+0) US dollars / ton
    .
    Qingdao area RMB Thai mix 12150 (+0) yuan / ton, RMB horse mix 12100 (+0) yuan / ton
    .
    Hainan state-owned glue into the whole dairy plant 11900 (+0) yuan / ton, into the concentrated milk plant 12200 (+0) yuan / ton
    .
    The purchase price of glue from dry rubber factory in Yunnan production area refers to 11.
    8-12.
    1 (0/0) yuan/kg, and the purchase price of glue from concentrated latex plant refers to 11.
    9-12.
    1 (0/0) yuan/kg
    .
    Field glue in Hat Yai raw material market in Thailand 48.
    3 (-0.
    4) baht/kg; Cup gum 45 (+0.
    2) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 12800 (+0) yuan / ton; The market price of cis-butadiene rubber is 13700 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 195070 tons, + 700 tons; NR warehouse receipts 31168 tons, + 1613 tons
    .
    Main positions: RU2201 Top 20 long positions 90276, + 454; short positions 136796, + 2929; long and short increased, net short increased
    .

    Summary: Rainfall in the main producing areas is expected to increase recently, and the impact on rubber tapping still exists
    .
    In August, due to the delay of the shipping schedule is still relatively serious, the import volume of natural rubber fell sharply year-on-year, and the market generally expects that the import volume will increase
    significantly from October.
    In terms of inventory, the latest one-week data shows that China's sky rubber inventory growth rate is depleted, dark rubber fell more than expected, and light rubber accumulation accelerated
    .
    Yunnan's alternative planting target is issued, the number of local storage will increase rapidly, and it is expected that the light-colored rubber accumulation warehouse will accelerate
    .
    On the demand side, under the pressure of finished product inventory, factories still have production control behavior, some factories in Dongying area of Shandong have production suspension and production restrictions, coupled with environmental protection inspectors, the overall start level continued to decline last week, because environmental protection inspections will continue until the end of the month, it is expected that short-term construction is difficult to recover significantly
    .
    On the market, the RU2201 contract closed slightly lower, with futures under pressure on the 13850 line, and short-term focus on support
    around 13500.

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