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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber reduced its position and increased the futures price closed slightly lower

    Shanghai rubber reduced its position and increased the futures price closed slightly lower

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Friday, the main 1809 contract of Shanghai rubber reduced its position and increased, and the futures price closed slightly lower
    .
    The price closed at 10,155 yuan / ton, down 0.
    49%, reducing its position by 12,336 lots, and trading 332132 lots
    .
    The far month 1901 contract price closed at 11940 yuan / ton, up 0.
    04%, increasing its position by 10678 lots, and trading 237498 lots
    .
    The main contract is still in the middle of
    the month.

    Shanghai rubber

    News: 1.
    As of July 31, 2018, rubber stocks in Qingdao Free Trade Zone increased by 3%.

    2.
    In the first half of the year, Japan's tire production increased by 1.
    5% year-on-year, and sales decreased slightly by 0.
    7%.

    Spot: the quotation of Yunnan's 16-year state-owned whole milk (Baodao) in the Shanghai market was 9700 (-150) yuan / ton; Vietnam 3L quotation 10250 (-50) yuan / ton; Thai No.
    3 tobacco tablets 12100-12200 (-100/0) yuan/ton
    .
    Thai Hat Yai raw material market raw film 42.
    42 (-0.
    37) baht/kg; Tai San Tobacco Tablets 43.
    69 (-0.
    2) THB/kg; Field glue 42 (0) baht/kg; Cup glue 36 (-0.
    5) baht/kg
    .

    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12800 (-100) yuan / ton; The market price of cis-butadiene rubber is 14000 (0) yuan / ton
    .

    Inventories: futures inventories were 488,060 tons, an increase of 870 tons
    .

    At present, the main production areas at home and abroad are in the cutting period, the weather is relatively normal, and the output of new rubber is gradually increasing
    .
    After the end of the export restriction policies of Thailand, Malaysia and India, domestic imports increased sharply, and imports increased year-on-year
    for two consecutive months.

    From the perspective of inventory, Qingdao Free Trade Zone inventory continued to grow, while exchange inventory and hidden inventory also showed that the future market is still facing greater inventory pressure
    .
    In August, the operating rate of downstream tire factories has fallen due to high temperature, and the escalation of the Sino-US trade war will also dampen the enthusiasm of
    tire factories.

    Entering the near delivery month, the main contract transfer is still in progress, the Shanghai rubber 1809 contract is currently close to flat water with mixed rubber, and its corresponding old warehouse receipt pressure needs to be alleviated by futures discount spot, so it is expected that the price spread of the 1809-1901 contract in the future market still has room
    to expand.

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