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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber morning review on May 4

    Shanghai rubber morning review on May 4

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Overnight market: Oil prices fell for the second day in a row on Tuesday on expectations that U.
    S.
    crude inventories hit a record high
    .
    The NYMEX June crude futures contract closed down 2.
    5 percent, settling at $
    43.
    65 a barrel.
    Although the domestic black commodities showed a sharp downward trend, but the negative sentiment did not affect Shanghai rubber futures, but under the boost of the sharp strengthening of the futures index, Shanghai rubber showed a scene of low opening and high and a sharp increase in positions, the main 1609 contract price center of gravity of Shanghai rubber rose steadily, and rose rapidly at the end of the day, closing slightly higher by 1.
    80% or 230 yuan / ton
    .

    Shanghai rubber

    Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 12100-12150 (+50/+100) yuan / ton; Vietnam's 3L quotation is 12800-12900 (0/0) yuan/ton; Thailand No.
    3 tobacco tablets 13200 (0) yuan/ton; RMB mixed rubber 11500 yuan / ton
    .
    Thai Hat Yai raw material market raw film 60.
    15 (-0.
    3) baht/kg; Tai San tobacco tablets 65.
    25 (+0.
    37) baht/kg; Field glue 62 (0) baht/kg; Cup glue 50 (-1) baht/kg
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 264,870 tons, an increase of 340 tons
    .

    News side: 1, Thai rubber cooperative: affected by drought, the production of tianjiao from January to April may be halved
    .
    2.
    Japan's imports of tianjiao in the first quarter fell by 4.
    2%.

    3.
    As of April 10, rubber inventories in Japanese ports increased by 4.
    4%.

    Affected by the Thai government's procurement of tobacco chips and dry weather, overseas raw material prices remained strong
    .
    The inventory of Qingdao Free Trade Zone is still declining, with the rise in raw material prices, tire factory profits have been compressed, and the domestic semi-steel tire operating rate has declined
    .
    In May, with the domestic rubber production area being cut one after another, the supply and demand of raw materials is tight or eased
    .
    Overnight, the Shanghai rubber 1609 contract price was under pressure on the 10-day moving average, but support remained around 12800, and it was recommended to be in the 12800-13100 range
    .

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