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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber rebounded and futures prices closed down in shock

    Shanghai rubber rebounded and futures prices closed down in shock

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai rubber RU2109 contract rebounded, and the futures price closed lower
    .
    The current price closed at 13810, -1.
    22% from the previous trading day; Volume 462952 lots, position volume 239031 lots, +6152, basis -710; RU5-9 spread - 245
    .
    The NR2107 contract futures closed at 11110, -0.
    8% from the previous session; Volume 13888 lots, position 26199 lots, +1852; NR06-07 spread -140
    .

    Shanghai rubber

    News: 1.
    In the first quarter of 2021, Vietnam's imports from China increased
    sharply.
    2.
    Thailand's exports of tianjiao in the first quarter increased by 11% year-on-year, while mixed rubber decreased by 27%.

    3.
    Thai media: Thai rubber bureau released 104,000 tons of inventory, competition became fierce
    .

    Market quotation: Shanghai market 19 years state-owned full latex reported 13100 (-400) yuan / ton, Vietnam 3L reported 12850 (-350) yuan / ton, Thailand No.
    3 tobacco film reported 19550 (-350) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1675 (-20) US dollars / ton, Qingdao market STR20 April cargo reported 1670 (-15) US dollars / ton
    .
    Hainan state-owned glue into the whole dairy plant 11700 (+0) yuan / ton, into the concentrated milk plant 13500 (-400) yuan / ton
    .
    The purchase price of glue from dry rubber factory in Mengla area of Yunnan is 12.
    5-12.
    8 yuan / kg, and the purchase price of glue in concentrated dairy plant is 13.
    2-13.
    3 yuan / kg
    .
    Field glue at Hat Yai raw material market in Thailand 59.
    5 (+0.
    5) baht/kg; Cup glue 44 (+0.
    1) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 13600 (-300) yuan / ton; The market price of cis-butadiene rubber is 12000 (-500) yuan/ton
    .

    Warehouse receipt inventory: RU warehouse receipt 176280 tons, + 1300 tons; NR warehouse receipt 56074 tons, + 987 tons
    .
    Main positions: RU2109 Top 20 Long Positions 104079, +2773; Short Positions 156685, +4587; Long and Short Increase, Net Margin Increase
    .

    Summary: On the supply side, northern Thailand entered the cutting period, a small number of cutting in the south, rainfall affected cutting, and raw material prices rose
    slightly.
    The overall cutting rate in the domestic Yunnan Banna area is still low, the glue output is small, the competition for raw materials between processing plants is obvious, and the purchase price of glue in thick latex plant is higher than that of glue in dry rubber factory; The mainstream area in the middle of Hainan production area has entered the state of cutting, and the demand for concentrated milk for downstream products medical gloves has obvious signs of weakening, and the price difference between glue entering the latex plant and entering the whole dairy plant continues to narrow
    .
    Downstream, factory export market shipments slowed down, domestic sales were slightly weak, manufacturers' finished product inventories increased, coupled with the moderate reduction of production schedules in some areas due to environmental protection, tire operating rate decreased
    month-on-month.
    On the market, the RU2109 contract rebounded downward, and the market focused on support around 13500, and it was recommended to trade in the 13500-14200 range in the short term; The NR2107 contract is eyeing support around 10800 and is recommended to trade
    in the 10800-11200 range.

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