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On Wednesday, the main 1901 contract of Shanghai rubber continued the strong momentum of the previous trading day at the beginning of the session, and continued to rise
after opening sharply higher.
After that, the futures price was blocked from falling back to the high, and still closed on a bullish trend at the end of the day
.
The price rose by 3.
28% on the same day, increasing its position by 12,342 lots, and trading 965224 lots
.
News: 1.
As of August 16, 2018, rubber stocks in Qingdao Free Trade Zone decreased slightly, with total inventories falling by 0.
78% to 204,600 tons, of which natural rubber stocks fell by 3.
26% to 77,200 tons; synthetic rubber stocks increased slightly by 0.
81% to 123,700 tons; composite rubber stocks remained stable at 37,000 tons
.
The decline in inventories was mainly due to the decline
in natural rubber inventories.
2.
Sumitomo Rubber South Africa Plant started production of truck and bus tires
.
In terms of spot: the quotation of Yunnan's 16-year state-owned whole milk (Baodao) in the Shanghai market is 10550 (+700) yuan / ton; Vietnam 3L quotation 10900 (+450) yuan / ton; Thailand No.
3 tobacco slices 12900 (+650) yuan/ton; Yunnan 17 years full latex 10700 (+550).
Hainan fresh latex purchase price 10300 (0); Yunnan glue purchase price 9500 (0).
Thai raw material market: On August 22, the Thai market is closed for the Phuket Ghost Festival in Thailand
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12500 (+100) yuan / ton; The market price of cis-butadiene rubber is 13800 (+200) yuan / ton
.
On the 22nd, the enthusiasm of traders in Qingdao Free Trade Zone was acceptable, the enthusiasm of intraday shipments did not improve significantly, the enthusiasm of inquiry remained stable, and the overall situation of the transaction price increased
compared with the previous trading day.
The transaction price is as follows: Thai standard December 1420-1430 US dollars / ton
.
1385-1400 US dollars / ton in September, up 45-60 US dollars / ton; December 1420-1430 $ / ton
.
RMB Thai mixed old goods 10650-10700 yuan / ton, up 450 yuan / ton; New spot 10750-10800 yuan / ton, up 450 yuan / ton; 10900-10950 yuan / ton in September, up 450 yuan / ton; October 11000-11100 yuan / ton, up 450 yuan / ton
.
Inventories: futures inventories were 501,890 tons, an increase of 2,800 tons
.
Yesterday, Haiken Group and the Malaysian Rubber Bureau signed the "Memorandum of Understanding on Cooperation between Hainan Provincial General Administration of Agricultural Reclamation (Hainan Provincial Agricultural Reclamation Investment Holding Group Co.
, Ltd.
) on rubber asphalt pavement technology and rubber tapping automation technology and commercialization", focusing on promoting modified rubber asphalt highways
.
Affected by this news, Shanghai rubber rose
strongly.
Since the method has been proposed in previous years, referring to the implementation of Thailand, the actual consumption generated is limited, and the current process uses waste tire rubber powder, which is difficult to have a substantial impact on natural rubber, so after the hype receded, today's Shanghai rubber high was hindered and fell
.
In the future, the Shanghai rubber market will return to its weak fundamental pattern, and the 1901 contract is recommended to trade
intraday in the 12200-12800 range in the short term.
