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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber has risen sharply and its holdings have been greatly reduced

    Shanghai rubber has risen sharply and its holdings have been greatly reduced

    • Last Update: 2022-11-29
    • Source: Internet
    • Author: User
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    Following Friday's strong limit increase, the Shanghai rubber market continued to rise sharply on Monday, and was briefly closed at the limit at the beginning of the day
    .
    Since then, with the exit of some bulls and the stop loss of bears, the futures price has fallen
    sharply.
    The main 1605 contract closed at 11,705 yuan / ton on the day, up 5.
    74% from the previous trading day, reducing its position by 28,432 lots and trading more than 1.
    2 million lots; The far month 1609 contract closed at 11935 yuan / ton, up 5.
    02% from the previous trading day, reducing its position by 10130 lots, and trading more than 400,000 lots
    .

    Shanghai rubber

    In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11250 (+650) yuan / ton; Vietnam's 3L quotation was 11,000 (+900) yuan / ton, Thailand's No.
    3 tobacco film was reported at 12,000 (+700) yuan / ton, and the RMB mixed transaction was 10,100 (+750) yuan / ton
    .
    Thai Hat Yai raw material market raw film 46.
    44 (+2.
    45) baht/kg; Tai San Tobacco Tablets 49.
    28 (+3.
    03) THB/kg; field glue 43 (+2) baht/kg; Cup glue 40 (+3.
    5) baht/kg
    .
    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 9500 yuan / ton (+100), cis-butadiene rubber market price 9500 yuan / ton (0).

    News: Heavy-duty trucks in January and February increased by 16%
    year-on-year.
    2.
    Dongying Tire exports fell sharply in January 2016
    .

    At present, Thailand has gradually entered the period of suspension, while the country has not yet been cut, and the market has entered a period
    of green and yellow.
    In the past three weeks, the inventory in the domestic bonded zone has been higher than the warehousing, while the operating rate of downstream tire factories has gradually recovered, there is a demand for replenishment after the holiday, and the sales volume of the heavy-duty truck market has risen unexpectedly sharply, all of which have provided positive support
    for the market.
    The macro currency over-issuance and stable growth expectations are the biggest drivers of this rise, but after the Shanghai rubber market experienced a sharp rise, long and short positions have been significantly reduced, short-term gains or slowdown, it is recommended to pay attention to the 40-week moving average pressure, chasing higher need to be cautious
    .

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