echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber market reduced its position and fell overseas raw materials are relatively tight

    Shanghai rubber market reduced its position and fell overseas raw materials are relatively tight

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Monday, the Shanghai rubber market reduced its position and fell
    .
    The 1701 contract closed at 12,630 yuan / ton, down 3.
    44% from the previous trading day, reducing its position by 4,666 lots and trading 640404 lots
    .

    Shanghai rubber

    In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10350-10400 (-200/-150) yuan / ton; Vietnam's 3L quotation is 10700-10800 (-100/-100) yuan/ton; 15 years Thailand No.
    3 tobacco sheet 12750 (-200) yuan / ton; RMB mixed rubber 10700 (0) yuan / ton
    .
    Thai Hat Yai raw material market raw film 52.
    92 (-0.
    55) baht/kg; Tai San tobacco tablets 53.
    69 (-1.
    29) baht/kg; field glue 50 (-0.
    5) baht/kg; Cup glue 40.
    5 (-0.
    5) baht/kg
    .

    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10700 yuan / ton (0), cis-butadiene rubber market price 10950 yuan / ton (0).

    News: According to foreign media news, supported by oil prices, the Malaysian rubber market may rise this week
    .
    One trader said higher oil prices would prompt industry players to switch from synthetic gum to the sky rubber market
    .
    He said that the possibility of freezing the production of tianjiao in Thailand in the future will also provide upward momentum
    .

    The sales data of heavy trucks in July continued to increase sharply year-on-year, and the operating rate of all-steel tires and semi-steel tires rose to 70% last week, and the overall demand performance was still good; At present, the inventory of Qingdao Free Trade Zone is still falling sharply, and due to the influence of weather and rubber tapping factors in the production area, the amount of new rubber has not yet been released, and overseas raw materials are relatively tight
    .
    Today's Shanghai rubber 1701 contract reduced its position and fell, short-term focus on the support around 12600, if it falls below, there is still room for decline in the future market, it is recommended to operate
    cautiously.

    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.