echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber futures prices closed up, and the center of gravity of operation rose slightly

    Shanghai rubber futures prices closed up, and the center of gravity of operation rose slightly

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Thursday, the Shanghai rubber RU2109 contract reduced its position and increased, and the futures price closed higher
    .
    The current day price closed at 13730, +1.
    37% from the previous trading day; Volume 368042 lots, position volume 226420 lots, -2264; basis -730; RU5-9 spread - 235
    .
    The NR2106 contract closed at 10855, +2.
    45% from the previous session; The volume was 17915 lots, the position was 33704 lots, -237; the NR06-07 spread was -130
    .

    Shanghai rubber

    News: 1.
    General Administration of Customs: China's rubber imports in March 2021 increased by 18.
    1% year-on-year to 711,000 tons
    .
    2.
    ANRPC: Global natural rubber production is expected to increase by 1.
    3% to 910,000 tons in March 2021
    .
    3.
    In February 2021, Malaysia's tianjiao production decreased slightly year-on-year, up 9%
    month-on-month.

    Market quotation: Shanghai market 19-year state-owned full latex reported 13000 (+200) yuan / ton, Vietnam 3L reported 12750 (+150) yuan / ton, Thailand No.
    3 tobacco film reported 19450 (+150) yuan / ton
    .
    Qingdao market STR20 warehouse spot reported 1650 (+10) US dollars / ton, Qingdao market STR20 April cargo reported 1645 (+10) US dollars / ton
    .
    Hainan state-owned glue into the whole dairy plant 11500 (+0) yuan / ton, into the concentrated milk plant 15500 (+0) yuan / ton
    .
    On April 15, Thailand's Songkran/Songkran festival, Hat Yai raw material market is closed
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 14200 (+0) yuan / ton; The market price of cis-butadiene rubber is 13000 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 171840 tons, +0 tons; NR warehouse receipt 56094 tons, + 162 tons
    .
    Main positions: RU2109 top 20 long positions 103004, +162; short positions 139948, +32; long and short increase, net space decreases
    .

    Summary: From the supply side, the full start of cutting in domestic Yunnan production areas affected by powdery mildew continues to be postponed, and is expected to be in early May; The Hainan production area is expected to be fully cut in late April, and the volume will be greatly increased in May, but the price of Hainan state-owned glue into the concentrated milk plant is far higher and the water enters the whole dairy plant, considering that the supply of raw materials in the early stage of cutting is small, and it will still face concentrated milk diversion, and it is difficult to increase the production of whole milk rapidly
    .
    Downstream, the number of factory export orders continued to increase, but domestic sales were slightly weak, manufacturers' finished product inventories increased, and the short-term tire operating rate is expected to remain stable
    .
    After the continuous decline in prices in the early stage, the market's bearish sentiment brought about by the opening of production areas has been digested
    .
    The center of gravity of the RU2109 contract rose slightly, focusing on the pressure around 14000 in the short term, and the NR2106 contract focusing on the pressure around 11000, it is recommended to treat
    it with short ideas.

    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.