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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber increased its position and contracted the futures price and closed slightly higher

    Shanghai rubber increased its position and contracted the futures price and closed slightly higher

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: Shanghai rubber increased and contracted, RU1909 increased and contracted, and the futures price closed slightly higher
    .
    The day closed at 11905, +0.
    76% from the previous trading day; 397874 volume; Position 414164, +2016, basis -505, -280, Ru5-September spread -960, -30
    .

    Shanghai rubber

    News: 1.
    In the first four months, Vietnam's natural rubber exports increased by 24.
    5% year-on-year, and exports to China increased by 37.
    4%.

    2.
    In the first quarter, Malaysia's tianjiao production increased by 12.
    1%.

    3.
    In the first four months, China's imports of natural and synthetic rubber increased by 2.
    3%
    year-on-year.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11400 (-150) yuan / ton; Vietnam 3L quotation 11750 (-150) yuan / ton; Thailand No.
    3 cigarette tablets 13150 (-150) yuan/ton; Yunnan 18 years full latex 11300 (-150) 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.
    8 (-0.
    1) baht/kg; Tai San tobacco tablets 53.
    4 (+0.
    1) baht/kg; field glue 50.
    8 (+0.
    1) baht/kg; Cup glue 41.
    5 (-0.
    5) 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 421770 tons, +800 tons
    .
    Main positions: Top 20 long positions 105561, -460, short positions 140412, +240
    .
    Reduce more and increase the short, and increase the headroom
    .

    Summary: At present, the domestic production area has entered the rubber tapping period, and the supply has gradually increased
    .
    In terms of imports, Vietnam's exports to China increased sharply year-on-year in April, but with the strengthening of customs supervision over the import of mixed rubber, domestic imports may be slightly reduced
    in the future.
    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 focused on pressure around 12150, with short-term recommendations to trade
    in the 11750-12150 range.

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