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On Monday, the main 1901 contract of Shanghai rubber increased its position, and the futures price rose sharply, sealing at the limit of 12650 yuan / ton at the end of the day, increasing its position by 38550 lots on the day, and the transaction was 770442 lots
.
The 1809 contract rose 6.
54% to close at 10675 yuan / ton, reducing its position by 18284 lots on the day and trading 82648 lots
.
News: 1.
As of August 16, 2018, rubber stocks in Qingdao Free Trade Zone fell slightly by about 0.
8%.
2.
Goodyear tires will increase their prices
in the U.
S.
market from September 1.
In terms of spot: the quotation of Yunnan's 16-year state-owned whole milk (Baodao) in the Shanghai market is 9850 (+50) yuan / ton; Vietnam's 3L quotation is 10450 (+50) yuan / ton; Thailand No.
3 tobacco tablets 12250 (+50) yuan/ton; Yunnan 17 years full latex 10150 (0).
Hainan fresh latex purchase price 10300 (0); Yunnan glue purchase price 9500 (+100).
Thai Hat Yai raw material market raw film 43.
07 (+0.
08) baht/kg; Tai San tobacco tablets 44.
97 (0) baht/kg; Field glue 42 (0) baht/kg; Cup gum 36.
5 (0) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12400 (-100) yuan / ton; The market price of cis-butadiene rubber is 13600 (-100) yuan / ton
.
On the 20th, the enthusiasm of traders in Qingdao Free Trade Zone was acceptable, the enthusiasm of intraday shipments was raised, the enthusiasm of inquiry was acceptable, and the overall situation of the transaction price was higher
than that of the previous trading day.
The transaction price is as follows: Thai standard 1340 US dollars / ton
in August.
Thai mix in August 1330 US dollars / ton, up 20 US dollars / ton; September 1340 US dollars / ton, up 10 US dollars / ton; October 1350, up 10 US dollars / ton; $1370/ton
in December.
Horse mixed October 1345 US dollars / ton
.
RMB Thai mixed old goods 10200-10300 yuan / ton, up 200 yuan / ton; New spot 10350-10400 yuan / ton, up 100-150 yuan / ton; 10450-10500 yuan / ton in September, up 50-100 yuan / ton; October 10550-10600 yuan / ton, up 100 yuan / ton
.
Inventories: futures inventories were 499,090 tons, an increase of 2,580 tons
.
The increase in the growth rate of the Shanghai rubber 1901 contract was strongly closed
.
From the news point of view, many tire manufacturers in Dongying Dawang area of Shandong Province stopped production due to heavy rain, but they only alleviated the pressure on cost and inventory, and the impact on the plate was relatively limited
.
In addition, the recent floods in Kerala, India's main producing area, are expected to reduce the country's production by 100,000-150,000 tons
.
However, due to the fact that this year, except for India, the climate of the main producing countries is not abnormal, and the production of natural rubber will increase
with a high probability.
Therefore, the limit increase comes more from the rise of funds, combined with the current supply and demand fundamentals, it is expected that the futures price has limited room to rise
.
From the perspective of the market, the night futures price or inertia rush, pay attention to the pressure of the 1901 contract around 13000, it is recommended to wait and see or adopt a high short selling strategy
.
