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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber oscillations at a low level short-term into a glue atmosphere

    Shanghai rubber oscillations at a low level short-term into a glue atmosphere

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Thursday, Shanghai rubber fluctuated at a low level and closed slightly lower
    .
    Among them, the main contract RU1709 had a low price of 13325 yuan / ton, the highest price was 13540 yuan / ton, and closed down 120 yuan / ton to close at 13480 yuan / ton (-0.
    88%); The 1801 and 1805 contracts closed at 16115 yuan/ton (-0.
    62%) and 16285 yuan/ton (-0.
    82%)
    , respectively.

    Shanghai rubber

    Intraday Tokyo rubber daily close in a narrow range: 1707 closed at 207.
    3 yen / kg, up 0.
    7 yen / kg; 1711 closed at 212.
    6 yen/kg, down 0.
    2 yen/kg; The benchmark 1712 closed at 214.
    5 yen/kg, up 0.
    3 yen/kg
    .

    The data shows that the top 20 members of the main rubber contract RU1709 traded a total of 229113 lots on Thursday, down 154544 lots (-40.
    28%) from the previous trading day; The top 20 members of the contract held a total of 98,515 buy lots, a decrease of 12,209 lots (-11.
    03%) from the previous trading day; The top 20 members holding sell orders in this contract held a total of 121492 sell orders, a decrease of 14,091 lots (-10.
    39%) from the previous trading day; The number of warehouse receipts in the previous period was 354,260 tons, down 150 tons
    from the previous trading day.

    Shanghai rubber fell, Qingdao bonded zone dollar rubber market mainstream offer rose slightly by 5 US dollars / ton, mixed rubber US dollar quotation rose more, the overall market offer is active, but the buying gas is general, more inclined to real single negotiation, smell part of the buying, the specific reference price of the bonded area is as follows: Thailand RSS3 quotation 1825 US dollars / ton; Malaysia SMR20# quotation 1570 US dollars / ton; Indonesia SIR20# quotation 1520 US dollars / ton; Thailand STR20# quoted 1570 US dollars / ton, Vietnam SVR3L quotation 1580 US dollars / ton
    .

    Shanghai rubber weak downward adjustment led to low spot market sentiment, mainstream quotations fell by 100-200 yuan / ton, intraday Shanghai spot market mainstream quotations: Thailand RSS3 quotation 15900 yuan / ton; Hainan full latex quotation 13500 yuan / ton; Vietnam SVR3L quotation 12900 yuan / ton
    .
    The purchase price of raw materials market in Hat Yai in Thailand fell slightly: raw film 53.
    19, down 0.
    09; smoke film 55.
    99, down 0.
    57; glue 47.
    00, flat; cup glue 43.
    00, flat (baht/kg).

    On the whole, the rubber market is intertwined with long-short contradictions, falling into a short-term glue atmosphere, although the overall has declined, but due to macro forces and strong atmosphere of industrial products, rubber is difficult to fall
    alone.
    From the current near-far month spread structure, the current far month premium is higher, the main logic is not only to open the spread to resolve the pressure of 09 contract huge warehouse receipt delivery and the main force to move the month, but also because the expected profit needs to be cashed in the far month, so that the funds are more willing to allocate the liquidity
    of the far month.
    At the same time, because the high premium of the far month also attracts spot arbitrage, the far month will also be under the pressure of arbitrage shorting, and the corresponding strong spot performance also supports the futures market
    .
    Continue to maintain the previous view, the short-term market may fall into a volatile trend
    .

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