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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber narrow range oscillation The future supply pressure is still large

    Shanghai rubber narrow range oscillation The future supply pressure is still large

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    On Wednesday, the main 1905 contract of Shanghai rubber fluctuated in a narrow range, and the transaction was light
    .
    The current price closed at 11290 yuan / ton, unchanged from the settlement price of the previous trading day, increasing the position by 4688 lots, and trading 139576 lots
    .

    Shanghai rubber

    News: 1.
    In the first three quarters of 2018, synthetic rubber production fell by 2.
    9%, and SBR production decreased by 6%.

    2.
    ANRPC: In the first 10 months, Thailand's production of tianjiao surged by 15.
    7%, with an annual shortfall of about 130,000 tons
    .

    In terms of spot: the 17-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market was 10700 (-100) yuan / ton; Vietnam 3L quotation 10400 (-50) yuan / ton; Thailand No.
    3 tobacco tablets 12100 (-100) yuan/ton; Yunnan 17 years full latex 10350 (-50) yuan / ton
    .
    Thai Hat Yai raw material market raw film 40.
    56 (+0.
    01) baht/kg; Tai San tobacco tablets 43.
    71 (+0.
    2) baht/kg; Field glue 38 (-0.
    5) baht/kg; Cup gum 34.
    5 (+0.
    5) baht/kg
    .

    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11700 (+50) yuan / ton; The market price of cis-butadiene rubber is 11800 (+50) yuan / ton
    .
    On December 29, the market of Qingdao Free Trade Zone was sparsely offered, inquiries were rare, the transaction price of US dollar rubber was stable, and the transaction price of RMB rubber was stable
    .

    Although the domestic natural rubber production areas have entered the cutting period, the main production areas of Southeast Asian tianjiao are still in the peak season of rubber tapping, and this year's global tianjiao production will still maintain a growth momentum, and from the perspective of inventory, exchange inventory and inventory outside the bonded area have continued to increase, and the future supply pressure is still large
    .

    Downstream, the operating rate of tire factories has declined, the pre-holiday stock is relatively light, and the sales of terminal domestic heavy trucks are not optimistic
    .
    However, at present, the price of Shanghai rubber is close to the domestic rubber tapping cost line, and the futures price has limited
    room for decline.
    The short-term recommendation of the Shanghai rubber 1905 contract is to trade
    in the range of 10900-11500.

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