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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber reduced its position and contracted the futures price, and the center of gravity rose

    Shanghai rubber reduced its position and contracted the futures price, and the center of gravity rose

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: On Friday, Shanghai rubber reduced its position and contracted, RU1909 reduced its position and contracted, and the futures price closed higher
    .
    The day closed at 10715, +1.
    28% from the previous trading day; Volume 273284, position 363710, -1914, basis -115, +245; Ru9-January spread -955, -35
    .

    Shanghai rubber

    News: 1.
    China's synthetic rubber production in June increased by 12.
    7%
    year-on-year.
    2.
    In the first half of the year, the sales volume of heavy trucks fell by 2.
    3%, and the future will focus on stock competition
    .
    3.
    Vietnam's natural rubber exports in June increased by 58.
    4%
    month-on-month.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10600 (+300) yuan / ton; Vietnam 3L quotation 11050 (+250) yuan / ton; Thai No.
    3 tobacco tablets 12650 (+300) yuan/ton; Yunnan 18 years full latex 10700 (+100) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant remained stable at 9800 yuan / ton / ton
    .
    Thai Hat Yai raw material market raw film 47.
    15 (+0.
    2) baht/kg; Tai San tobacco tablets 48.
    89 (+0.
    41) baht/kg; field glue 45.
    1 (+0) baht/kg; Cup glue 36.
    7 (+0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10000 (+0) yuan / ton; The market price of cis-butadiene rubber is 10400 (+0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 406610 tons, +960 tons
    .
    Main positions: the top 20 long positions 84628, +318, short positions 118170, -652
    .
    Increase and reduce airspace, reduce
    headroom.

    Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
    .
    In terms of imports, the inspection policy of mixed rubber may be relaxed, which may promote the import
    of mixed rubber.
    From the perspective of inventory, the inventory outside the bonded zone has continued to decline recently, but with the increase of imported rubber in the later period, the inventory will still recover
    .
    On the demand side, domestic heavy-duty truck sales in June fell sharply, coupled with the recent domestic tire consumption gradually entered the off-season, the operating rate of domestic tire factories continued to decline, and the demand side was not optimistic
    .
    However, the current price has fallen into the cost range, and the cost support may make the futures price fall limited
    .

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