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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber increased its position increment and the futures price was weak and downward

    Shanghai rubber increased its position increment and the futures price was weak and downward

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai rubber RU2201 contract increased its position, and the futures price was weak to the downside
    .
    The current price closed at 13315, -3.
    23% from the previous trading day; 516395 lots, 226414 positions, +14993, standard basis -815; Non-standard basis - 1165; RU9-1 spread - 825
    .
    The NR2111 contract futures closed at 10410, -3.
    7% from the previous session; Volume 26341 lots, position 20558 lots, +418; NR10-11 spread 40
    .

    Shanghai rubber

    News: 1.
    China Association of Automobile Manufacturers: August automotive sales are expected to reach 1.
    711 million units, down 21.
    8%
    y/y.
    2.
    In the first seven months of 2021, U.
    S.
    tire imports increased by 33.
    5%
    year-on-year.
    3.
    General Administration of Customs: China's rubber imports in August 2021 fell by 24.
    3% year-on-year to 529,000 tons
    .

    Market quotation: Shanghai market 19 years state-owned full latex reported 12500 (-250) yuan / ton, Vietnam 3L reported 12450 (-250) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1725 (-5) US dollars / ton, Qingdao market STR20 October cargo reported 1720 (+0) US dollars / ton
    .
    Qingdao area RMB Thai mix 12150 (+0) yuan / ton, RMB horse mix 12100 (+0) yuan / ton
    .
    Hainan state-owned glue into the whole dairy plant 11800 (-100) yuan / ton, into the concentrated dairy plant 12100 (-100) yuan / ton
    .
    The purchase price of glue in dry rubber factory in Yunnan production area refers to 11.
    6-12.
    1 (-0.
    2/0) yuan/kg, and the purchase price of glue in concentrated dairy plant refers to 11.
    8-12.
    0 (-0.
    1/-0.
    1) yuan/kg
    .
    Field glue in Hat Yai raw material market in Thailand 47.
    3 (-1) baht/kg; Cup glue 44.
    45 (-0.
    55) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China market price 12500 (-300) yuan / ton; The market price of cis-butadiene rubber is 13300 (-400) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 196360 tons, + 1290 tons; NR warehouse receipts 29,857 tons, - 1,311 tons
    .
    Main positions: RU2201 top 20 long positions 98266, + 8272; short positions 141017, + 5860; long and short increased, net space decreased
    .

    Summary: Rainfall in the main producing areas is expected to increase recently, and the impact on rubber tapping still exists
    .
    Due to the serious delay of shipping schedules in August, the import volume of natural rubber fell sharply year-on-year, and the market generally expects that imports can only increase significantly from October
    .
    Yunnan's alternative planting target is issued, and the number of local warehouses will increase
    rapidly.
    In terms of inventory, the recent consumption in Qingdao exceeded market expectations, which still supports
    prices.
    On the demand side, under the pressure of finished product inventory, factories still have production control behavior, some factories in Dongying area of Shandong have production suspension and production restrictions, coupled with environmental protection inspectors, the overall start level continued to decline last week, because environmental protection inspections will continue until the end of the month, it is expected that short-term construction is difficult to recover significantly
    .

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