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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber opened low and went low, and the price hit a new stage low

    Shanghai rubber opened low and went low, and the price hit a new stage low

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Domestic market: On Wednesday, the main 1709 contract of Shanghai rubber increased its position, fell sharply, and the price closed at 14770 yuan / ton on the day, down 4.
    52% from the previous trading day, increasing its position by 4970 lots, and trading 749924 lots
    .

    Shanghai rubber

    News: In January and February, Vietnam's exports of Tianjiao fell by 27.
    3% year-on-year, and exports to China fell by 23.
    9%.

    2.
    China Association of Automobile Manufacturers: Automobile sales in March reached 2.
    543 million, and commercial vehicle production and sales maintained rapid growth
    .

    Spot: Shanghai natural rubber market 15-year state-owned full latex quotation in 13750-13850 (-500/-600) yuan / ton; Vietnam 3L quotation 14600 (-600) yuan/ton; 15 years Thailand No.
    3 tobacco sheet 14500-14700 (-850/-650) yuan/ton; RMB mixed rubber 14200 (-350) yuan 5/ton
    .
    Thai Hat Yai raw material market raw film 69.
    02 (-1) baht/kg; Tai San tobacco tablets 74.
    75 (-0.
    26) baht/kg; Field glue 68 (-0.
    5) baht/kg; Cup glue 55 (-1) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12800 (-200) yuan / ton; The market price of cis-butadiene rubber is 15200 (-100) yuan / ton
    .

    At present, the operating rate of semi-steel in domestic tire factories is lower than the same period last year, and the operating rate of all-steel tires is slightly higher than the same period level, and in March 2017, the domestic heavy-duty truck market sold a total of about 106,000 vehicles of various types, a significant increase of 42% over the same period last year, but an increase of 23%
    month-on-month.
    In March, heavy-duty truck sales hit a new high in the same period in nearly six years, indicating that downstream demand is still performing well
    .

    From the perspective of circulation, as of March 31, 2017, the total rubber inventory of Qingdao Bonded Bureau increased by 5.
    83% compared with March 15, 2017 to 197,900 tons, an increase of 07,300 tons from the previous month, and the overall inventory was at a high level; downstream enterprise tires were affected by environmental protection inspections, resulting in a decline in operation, which lowered downstream tire demand
    .

    Yunnan's partial cutting, coupled with Thailand's 107,000 tons of inventory, and no enterprise auction, all have a serious
    impact on the suppression of Shanghai rubber.
    In addition, the continuous decline in the price of synthetic rubber has formed a certain drag
    on the price of Shanghai rubber.
    The Shanghai rubber 1709 contract focuses on support around 14400 in the short term, and it is recommended to trade
    in the 14400-16100 range.

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