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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber opened high and fluctuated, and the weak market has not changed

    Shanghai rubber opened high and fluctuated, and the weak market has not changed

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    On Friday, Shanghai rubber opened high and volatile to close lower the black line, the short-term small rebound of rubber did not change the weak market, short-term is expected to continue the weakness to continue to adjust the probability of the falling closing black line is high
    .

    Shanghai rubber

    Spot price: Shanghai market 15 years Yunxiang state-owned whole milk quotation of 15300 yuan / ton (+300).

    Qingdao area Thai RMB mixed rubber 15500 yuan / ton (+300), Vietnam 3L mixed rubber quotation 15600 yuan / ton (+200), Thailand 3# tobacco flakes 16000 yuan / ton (-100).

    Free Trade Zone, RSS3 Honmanli Tobacco Tablets $2150/ton (+25); Thailand standard spot cargo 1870 US dollars / ton (+50), April-May cargo 1870 US dollars / ton (+50).

    Externally, RSS3# was quoted at $2320/ton (+40), and STR20# was quoted at $1970/ton (+35).

    (THB/kg).

    Stocks: As of mid-March 2017, the inventory of rubber (16475, 70.
    00, 0.
    43%) in Qingdao Free Trade Zone rose to 187,000 tons, an increase of 20,800 tons, or 12.
    52%,
    from 166,200 tons at the end of February.
    The warehouse receipt of natural rubber futures on Thursday was 282,000 tons, down 3,850 tons
    .
    Among them, Shanghai fell by 880 tons, Shandong decreased by 1070 tons, Tianjin decreased by 1900 tons, and Yunnan and Hainan were flat
    .
    According to the number of standard warehouse receipts due at the beginning of the previous period, the maturity of natural rubber in March was 5,570 tons, and the maturity in April was 3,370 tons
    .

    Automobile production and sales and inventory index: In February 2017, passenger car sales in China's automobile market were 1.
    448 million units, a year-on-year increase of 9.
    3%.

    Although the data results show that sales in February are an increase trend, sales in the first month after the Spring Festival in 2017 fell by nearly 30%,
    compared with 2,055,700 units sold in the first month after the Spring Festival last year.

    The results of the February "Automobile Dealer Inventory Survey" released by the China Automobile Dealers Association explained the problem, and the survey results showed that the comprehensive inventory coefficient of dealers in February was 2.
    25, up 41% month-on-month and 13% year-on-year, reaching the highest level in three years, and 17 brands had dealer inventory depth of more than two months, which is a new high
    since February 2014.

    Recently, affected by environmental protection production restrictions, the average operating rate of tire factories in Shandong has declined, currently mainly concentrated in Weifang area, or will be transferred to Dongying area
    from next month.
    Although the price of raw materials has fallen sharply in recent times, the high-priced raw materials hoarded in the early stage have not been fully digested, and the market trading is still relatively light
    .
    There is little downstream demand for replacement tires, and higher inventories put merchants under pressure
    .

    Yesterday's commodity recovery across the board, the recovery of capital inflow also greatly drove the liquidity of rubber plate funds, rubber positions changes are mainly
    net short positions.
    In general, after a series of sharp declines in February and March, Shanghai rubber has returned to the price of November last year, and it may continue to rebound in the near future, and it is recommended to wait for the short opportunity
    of weak rebound.

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