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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber reduced its position and contracted the futures price at a low level

    Shanghai rubber reduced its position and contracted the futures price at a low level

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai rubber RU2201 contract reduced its position and contracted, and the futures price fluctuated
    at a low level.
    The current price closed at 13875, +0.
    11% from the previous trading day; Traded 250821 lots, position 206105 lots, -2688, standard basis -1175; Non-standard basis -1675; RU9-1 spread - 975
    .
    The NR2110 contract futures closed at 10750, +0.
    05% from the previous session; Volume 8095 lots, position volume 13076 lots, -842; NR10-11 spread -140
    .

    Shanghai rubber

    News: 1.
    China Association of Automobile Manufacturers: From January to July, the profit of the automobile manufacturing industry increased by 19.
    7%
    year-on-year.
    2.
    Indonesian Rubber Association: The export price of tianjiao is expected to rise to the end of the year
    .
    3.
    Due to the shortage of cores and labor, the UK's automobile production in July fell by 37.
    6%
    year-on-year.

    Market quotation: Shanghai market 19-year state-owned full latex reported 12700 (+0) yuan / ton, Vietnam 3L reported 12650 (+0) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1730 (-40) US dollars / ton, Qingdao market STR20 September cargo reported 1720 (-25) US dollars / ton
    .
    Qingdao area RMB Thai mix 12200 (-150) yuan / ton, RMB horse mix 12150 (-150) yuan / ton
    .
    Hainan state-owned glue into the whole dairy plant 12100 (-300) yuan / ton, into the concentrated milk plant 12400 (-300) yuan / ton
    .
    The purchase price of glue from dry rubber plant in Yunnan production area refers to 11.
    9-12.
    4 (-0.
    1/0) yuan/kg, and the purchase price of glue in concentrated dairy plant refers to 12.
    2-12.
    4 (0/0) yuan/kg
    .
    Field glue in Hat Yai raw material market in Thailand 47.
    8 (-2.
    5) baht/kg; Cup glue 45.
    2 (-1.
    5) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 13200 (+0) yuan / ton; The market price of cis-butadiene rubber is 13900 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 189840 tons, + 1060 tons; NR warehouse receipt 31581 tons, + 503 tons
    .
    Main positions: RU2201 top 20 long positions 89769, - 1283; short positions 132700, - 898; long and short are reduced together, net short increases
    .

    Summary: Recently, the rainfall in the main producing areas has increased, which is at the middle to more level, which has a great
    impact on rubber tapping.
    Thailand's natural rubber exports increased in July, but exports to China contracted month-on-month, indicating stronger overseas demand than China
    .
    In August, due to the delay of the sailing schedule, the overall number of arrivals was lower than expected
    .
    In terms of inventory, domestic natural rubber social inventories continued to decline in the latest week, with a slight month-on-month decline and a slight year-on-year decline
    .
    On the demand side, export orders have improved slightly, but not as good as seasonal increment expectations, finished product inventory pressure factories still have production control, coupled with the recent environmental protection supervision will be tightened again, last week's start fell month-on-month, due to the suspension of production arrangements in some factories in Dongying area of Shandong, short-term tire starts will decline
    .

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