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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber high opening shock finishing demand is not optimistic

    Shanghai rubber high opening shock finishing demand is not optimistic

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Disk situation: Shanghai rubber high open shock finishing, RU1909 high opening shock finishing
    .
    The day closed at 11865, +2.
    2% from the previous session; 435844 volume; Positions 416800, -6182, basis -515, -50; Ru5-September spread -295
    .

    Shanghai rubber

    News: Sales of heavy-duty trucks declined
    in January and April.
    2.
    The auto dealer inventory index continues to be high
    .
    3.
    India's 2018/19 natural rubber imports soared to a record high
    .

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11350 (+150) yuan / ton; Vietnam's 3L quotation is 11700 (+200) yuan / ton; Thailand No.
    3 tobacco tablets 13100 (+100) yuan/ton; Yunnan 18 years full latex 11300 (-50) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 12,300 yuan / ton
    .
    Thai Hat Yai raw material market raw film 50.
    77 (0) baht/kg; Tai San tobacco tablets 53.
    8 (0) baht/kg; Field glue 51.
    3 (0) baht/kg; Cup glue 41.
    5 (0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11100 (0) yuan / ton; The market price of cis-butadiene rubber is 11200 (0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 421240 tons, +3230 tons
    .
    Main positions: the top 20 long positions 107666,587; short positions 142464, -1942
    .
    More increase and decrease, headroom increase
    .

    Summary: At present, the domestic production area has entered the rubber tapping period, and the supply in Hainan has gradually increased
    .
    In terms of imports, Vietnam's exports increased sharply in March, resulting in a sharp increase in the number of imported sky rubber in China, and in the later period, with the increase in supply in Southeast Asia, domestic imports will still increase
    significantly.
    From the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and supply pressure is still obvious
    .
    On the demand side, the recent operation of domestic tire factories has remained relatively good, but from the export data, the export decline in the first quarter of this year is obvious, and the demand side is not optimistic
    .
    Affected by the news of the strengthening of supervision of mixed rubber imports, the Shanghai rubber market performed relatively firmly
    .
    Technically, the RU1909 contract focuses on pressure around 12000, and short-term recommendations are to trade
    in the 11500-12000 range.

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