echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber high oscillation to prevent the risk of pullback

    Shanghai rubber high oscillation to prevent the risk of pullback

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the Shanghai rubber market fluctuated at a high level
    .
    The main 1609 contract of Shanghai rubber closed at 12740 yuan / ton, up 1.
    8%, reducing its position by 7818 lots, and the transaction was 1080744
    .

    Shanghai rubber

    In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 12050 (+200) yuan / ton; Vietnam's 3L quotation is 12900-13000 (+100/+100) yuan/ton; Thai No.
    3 tobacco tablets 12850-12900 (+150/+150).

    Thai Hat Yai raw material market raw film 53.
    85 (+0.
    3) baht/kg; Tai San Tobacco Tablets 57.
    82 (+0.
    52) THB/kg; field glue 57 (+0.
    5) baht/kg; Cup glue 46 (+0.
    5) baht/kg
    .

    News: 1.
    China's Tianjiao enterprises accelerate their overseas layout
    .
    2.
    Tractors become the growth engine
    of heavy truck sales.

    Thailand's government procurement of tobacco tablets and Indonesia's storage and storage pushed up overseas raw material prices, while Qingdao Free Trade Zone inventory is still declining, and the operating rate of downstream tire factories has continued to rise, but with the rise in raw material prices, tire factory profits are compressed, and the market needs to pay attention to the operating rate
    .
    In addition, the domestic rubber production areas have been cut one after another, and the Yunnan production area has ushered in a full cut, and the supply and demand of raw materials are tight or alleviated
    .
    However, the quotation of synthetic rubber remains strong, and there is still a certain boost to natural rubber
    .
    Today's Shanghai rubber 1609 contract once soared, but the pressure above the 12800 line is obvious, and after-hours positions show that mainstream fund bulls have significantly reduced their holdings, short-term to prevent the risk of high futures price correction, it is recommended to trade
    in the 12200-12800 range.

    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.