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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber is under pressure to fall, and the demand is not optimistic

    Shanghai rubber is under pressure to fall, and the demand is not optimistic

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: Shanghai rubber fell under pressure, RU2001 increased its position and contracted, and the futures price closed down
    .
    The day closed at 11360, -1.
    35% from the previous session; Volume 282754, position 293934, +6768, basis -1010, +80, Ru9-January spread -980, +0
    .
    NR2002 reduced its position and closed slightly lower, closing at 9855 on the day, -0.
    1% from the previous trading day; Volume 18956, position 17864, -1592; basis -500, -35
    .

    Shanghai rubber

    News: 1.
    The capacity utilization rate of the automobile manufacturing industry in the second quarter was only 76.
    2%.

    2.
    Heavy truck sales increased by 76,000 units, and Chinese customers increased by 87%.

    3.
    Vietnam's rubber exports increased steadily in the first 7 months of 2019
    .

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10350 (-50) yuan / ton; Vietnam 3L quotation 10800 (-50) yuan / ton; Thailand No.
    3 tobacco flakes 12750 (-50) yuan / ton; Yunnan 18 years full latex 10600 (-50) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 9500 yuan / ton / ton
    .
    Thai Hat Yai raw material market raw film 39.
    1 (+0) baht/kg; Tai San tobacco tablets 40.
    99 (+0) baht/kg; field glue 38.
    5 (+0) baht/kg; Cup glue 32 (+0) baht/kg
    .
    SMR20 Qingdao Free Trade Zone warehouse price increase of 1315 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1325 (-5) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1325 (+0) US dollars / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10600 (+0) yuan / ton; The market price of cis-butadiene rubber is 10700 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 416580 tons, -80 tons; NR warehouse receipt 0 tons
    .
    Main positions: RU2001 top 20 long positions 66920, +1685; short positions 99106, +1258
    .
    Long and short increase together, headroom decreases
    .

    Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
    .
    Although the inventory outside the bonded zone has continued to decline recently, under the condition that the customs supervision of mixed rubber has been relaxed, the inventory will still recover
    as imported goods arrive in Hong Kong one after another.
    On the demand side, domestic heavy-duty truck sales in July fell sharply again month-on-month, coupled with the current domestic tire consumption gradually entering the off-season, the operating rate of domestic tire factories continued to decline, and the demand side was not optimistic
    .
    Overall, the global natural rubber market is still facing a fundamental pattern
    of oversupply.
    Technically, the RU2001 contract rebound is weak, the futures price is under pressure to fall, pay attention to the support around the previous low of 11200, short-term short idea operation; The NR2002 contract recommends selling short on the rally around 9900 and focusing on the 9500 line of support
    below.

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