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Shanghai rubber high opening oscillation under pressure 10-day moving average

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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On Tuesday, Shanghai rubber opened slightly higher and then oscillated
.
The main 1609 contract of Shanghai rubber closed at 10455 yuan / ton, down 0.
57%, increased its position by 16636 lots, and traded 707822 lots
.

Shanghai rubber

Spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10100-10200 (+150/+150) yuan / ton; Vietnam's 3L quotation is at 10600 (+100) yuan / ton; 15 years Thailand No.
3 smoke 11750-11800 (+200/+200) yuan/ton; RMB mixed rubber 9650-9700 (-50/0) yuan / ton
.
Thai Hat Yai raw material market raw film 57.
01 (+0.
14) baht/kg; Tai San Tobacco Tablets 58.
52 (+0.
02) THB/kg; field glue 53 (+1) baht/kg; Cup glue 40.
5 (+0.
5) baht/kg
.

News: 1.
China's tire exports in April 2016 increased
slightly month-on-month.
2.
Brexit or storm, export of European vehicles will face 10% tariffs
.

At present, the inventory of Qingdao Free Trade Zone is still declining, and the sales volume of heavy trucks in April increased year-on-year and expanded, indicating that demand is gradually picking up
.
The operating rate of downstream tire plants has declined, and it is slightly lower than the same period last year
.

With the successive cutting of domestic rubber production areas, the supply and demand of raw materials are tight or alleviated, but due to the impact of dry weather in the early stage, the supply of production areas has not yet increased
.
The Shanghai rubber 1609 contract price is under pressure on the 10-day moving average, focusing on the 5-day moving average support in the short term, and it is recommended to trade
in the 10400-10800 range in the short term.

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