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On Monday, the main 1805 contract of Shanghai rubber opened low and fluctuated, and the futures price closed lower
.
The price closed at 11020 yuan / ton, down 5.
61%, reducing positions by 40276 lots, and trading 701844 lots
.
News: 1.
ANRPC: In the first two months, global production of tianjiao increased by 4.
3%, and the export of tianjiao in the main producing countries fell by 9.
7%.
In February and February, Thailand's exports of tianjiao increased slightly by 0.
5%
year-on-month.
In terms of spot: the quotation of state-owned whole milk in the Shanghai market for 16 years was 10200 (-200) yuan / ton; Vietnam's 3L quotation is 10500 (-300) yuan / ton; Thailand No.
3 tobacco sheet 13300 (-150) yuan / ton
.
Thai Hat Yai raw material market raw film 44.
5 (-0.
3) baht/kg; Tai San tobacco tablets 48.
5 (0) baht/kg; Field glue 44.
5 (-2) baht/kg; Cup gum 34.
5 (-1.
5) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12000 (-100) yuan / ton; The market price of cis-butadiene rubber is 12000 (0) yuan / ton
.
From the perspective of inventory, the inventory of Qingdao Free Trade Zone has declined, indicating that domestic spot began to destock during the shutdown period, and follow-up attention can be paid to whether inventory can continue to decline
.
From the downstream situation, the operating rate of tire factories has increased recently, but the price of raw materials such as carbon black, chemical additives, steel wire, cord and other raw materials has risen sharply, as well as under high pressure of environmental protection, all of which have a direct impact
on the operation of tire factories.
The Shanghai rubber 1805 contract is recommended to focus on support around 10000, and the short-term recommendation is to trade
in the 10000-11500 range.