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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber opened high and went low, and the futures price fluctuated and closed down

    Shanghai rubber opened high and went low, and the futures price fluctuated and closed down

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market conditions: Shanghai rubber opened high and went low, RU1909 opened high and went low, and the futures price closed down
    .
    The day closed at 11970, -2.
    01% from the previous trading day; 490406 volume; Position 401792, -3708, basis -170, +140, Ru9-January spread -955, +10
    .

    Shanghai rubber

    News: 1.
    Vietnam's natural rubber exports in May increased by 2.
    7%
    month-on-month.
    2.
    In April 2019, Malaysia's production of tianjiao decreased
    year-on-month.
    3.
    China's imports of natural and synthetic rubber from January to May fell by 3.
    5%
    year-on-year.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11800 (-150) yuan / ton; Vietnam 3L quotation 12150 (-100) yuan / ton; Thailand No.
    3 tobacco tablets 13500 (-50) yuan/ton; Yunnan 18 years full latex 11850 (-50) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 11200 yuan / ton
    .
    Thai Hat Yai raw material market raw film 55.
    99 (+0) baht/kg; Tai San tobacco tablets 60.
    05 (+0.
    3) baht/kg; field glue 52.
    2 (+0.
    2) baht/kg; Cup gum 42.
    5 (+0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10800 (+0) yuan / ton; The market price of cis-butadiene rubber is 11500 (+0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 415140 tons, +0 tons
    .
    Main positions: Top 20 long positions 99933, -1471; short positions 133825, -567
    .
    Long and short are reduced at the same time, and headroom is increased
    .

    Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the recent rainfall in Thailand and Yunnan production areas has eased the drought
    .
    In terms of imports, customs supervision over the import of mixed rubber was strengthened, and the import of rubber fell significantly in May
    .
    From the perspective of inventory, inventory outside the bonded zone has continued to decline recently, but exchange inventory is still at a high level
    .
    On the demand side, the recent domestic tire factory operation has remained generally good, but this year's export decline has been obvious, and domestic consumption has gradually entered the off-season, and the demand for the future market is not optimistic
    .
    Technically, the RU1909 contract is recommended to trade
    in the 11850-12150 range for short term.

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