echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber increase in warehouse increment The demand side is not optimistic

    Shanghai rubber increase in warehouse increment The demand side is not optimistic

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market situation: On Wednesday, Shanghai rubber increased its position, RU1909 increased its position, and the futures price closed slightly lower
    .
    The day closed at 11475, -0.
    65% from the previous trading day; 294596 volume; Position 450638, +2526, basis -475, +65, Ru5-September spread -235, +10
    .

    Shanghai rubber

    News: 1.
    IRSG: The production and sales of natural rubber in major countries maintained a slight increase
    year-on-year.
    In February and March, China's imports of natural and synthetic rubber increased by 56.
    6%
    month-on-month.
    3.
    Continental Tire expands tire plant
    in South Carolina, USA.

    Market quotation: the quotation of 17-year state-owned whole milk (cloud elephant) in the Shanghai market is 11000 (+0) yuan / ton; Vietnam 3L quotation 11100 (+0) yuan / ton; Thailand No.
    3 tobacco tablets 12800 (+0) yuan/ton; Yunnan 18 years full latex 11250 (-100) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant is 12,000 yuan / ton
    .
    Thai Hat Yai raw material market raw film 51 (+0) baht/kg; Tai San tobacco tablets 53.
    65 (+0.
    05) baht/kg; field glue 50.
    5 (+0) baht/kg; Cup gum 41 (+0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (-300) yuan / ton; The market price of cis-butadiene rubber is 11600 (0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 414610 tons, +280 tons
    .
    Main positions: Top 20 long positions 110015, +175, short positions 152022, +2089
    .
    Long and short increase at the same time, headroom increases
    .

    At present, the domestic production areas have been cut one after another, and the purchase price is slightly higher than the same period
    last year.
    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
    .
    Technically, the RU1909 contract is eyeing support around 11300 and short-term recommendations are to trade
    in the 11300-11800 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.