echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber holiday oversold rebound prices rose sharply

    Shanghai rubber holiday oversold rebound prices rose sharply

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Domestic market: On Tuesday, the main 1709 contract of Shanghai rubber rebounded, Shanghai rubber rose sharply, the price closed at 15245 yuan / ton, up 3.
    50% from the previous trading day, increased 14988 lots, 505904
    deals.

    Shanghai rubber

    News: As of May 2, rubber stocks in Qingdao Free Trade Zone increased by 13.
    5%.

    2.
    In March 2017, domestic styrene-butadiene rubber imports continued to refresh history, of which the import volume of styrene-butadiene rubber in March reached 52,000 tons, an increase of more than
    47% year-on-year.

    Market: Shanghai natural rubber market 15 years of state-owned full latex quotation in 14050-14200 (+350/+400) yuan / ton; Vietnam's 3L quotation is 14700 (+400) yuan / ton; 15 years Thailand No.
    3 tobacco sheet 15200-15300 (+700/+500) yuan/ton; RMB mixed rubber 13300-13500 (+100) yuan / ton
    .
    Thai Hat Yai raw material market raw film 71.
    09 (+0.
    71) baht/kg; Tai San tobacco tablets 75.
    49 (+1.
    24) baht/kg; Field glue 64 (+1) baht/kg; Cup glue 50 (+0.
    5) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 14200 (-300) yuan / ton; The market price of cis-butadiene rubber is 15200 (0) yuan / ton
    .

    At present, from a fundamental point of view, the operating rate of semi-steel tires and all-steel tires in domestic tire factories are lower than the same period last year, and some parts of the south are in the rainy season, and vehicle transportation has been affected to a certain extent, affecting the utilization rate of tires, which in turn has led to a decline in operation and reduced downstream tire demand
    .
    In March 2017, the domestic heavy-duty truck market sold a total of about 106,000 vehicles of various types, a significant increase of 42% over the same period last year, but a month-on-month increase of 23%, and the sales of heavy-duty trucks in March hit a new high in the same period in nearly six years, but the demand was less than expected
    .

    From the perspective of circulation, as of May 2, 2017, the rubber inventory in Qingdao Free Trade Zone rose sharply to 249,800 tons, a significant increase of 29,700 tons, or 13.
    5%, from 200,100 tons in mid-April, and the overall inventory gradually increased; Southeast Asia ushered in a new season of rubber tapping, superimposed on Thailand's 107,000 tons of inventory without enterprise bidding, and the supply further increased
    .
    On the whole, the loose supply and demand situation remains unchanged
    .
    The Shanghai rubber 1709 contract focuses on the pressure around 15700 in the short term, and it is recommended to trade
    in the 14400-15700 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.