echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber increased its position to the downside, and the futures price closed slightly lower

    Shanghai rubber increased its position to the downside, and the futures price closed slightly lower

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market situation: Shanghai rubber increased its position to the downside, RU1909 increased its position downward, and the futures price closed down
    .
    The day closed at 11355, -2.
    49% from the previous trading day; Volume 461008, position 429414, 8290, basis -205; RU9-January spread -980
    .

    Shanghai rubber

    News: 1.
    Passenger Association: It is expected that car sales will still decline
    in July.
    2.
    Thailand's exports of Tianjiao in May increased by 7.
    3% month-on-month and decreased by 10%
    year-on-year.
    3.
    U.
    S.
    auto inventories in May hit the lowest level
    this year.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11150 (-250) yuan / ton; Vietnam's 3L quotation is 11550 (-250) yuan / ton; Thailand No.
    3 tobacco flakes 12950 (-250) yuan/ton; Yunnan 18 years full latex 11450 (-200) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 11200 yuan / ton
    .
    Thai Hat Yai raw material market raw film 55.
    59 (-0.
    6) baht/kg; Tai San Tobacco Tablets 57.
    39 (-0.
    4) THB/kg; field glue 52 (+0) baht/kg; Cup gum 41.
    8 (+0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10200 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 402750 tons, -70 tons
    .
    Main positions: the top 20 long positions 510528, -2696, short positions 617431, -2241
    .
    Long and short are reduced together, and headroom is reduced
    .

    Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
    .
    In terms of imports, the inspection policy of mixed rubber may be relaxed, which may promote the import
    of mixed rubber.
    From the perspective of inventory, inventory outside the bonded zone has continued to decline recently, but exchange inventory is still at a high level
    .
    On the demand side, the recent domestic tire factory operation has remained generally good, but this year's export decline has been obvious, and domestic consumption has gradually entered the off-season, and the demand for the future market is not optimistic
    .
    From a technical point of view, the RU1909 contract increased its position to the downside, the upper moving average showed a short arrangement, and the futures price is expected to remain weak and volatile, it is recommended to take a short position near the five-day line, and pay attention to the support
    around 11100 below.

    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.