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Shanghai rubber reduced its position and increased the futures price shock to close down

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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3 buten 2

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Market situation: Shanghai rubber reduced its position increment, RU1909 reduced its position increment, and the futures price closed down
.
The day closed at 11900, -2.
3% from the previous trading day; 578392 volume; Position 387962, -19994, basis -350, +15; Ru9-January spread -950, +15
.

Shanghai rubber

News: 1.
Thai Rubber Association officials: The implementation of the export restriction agreement
has not been delayed.
2.
ANRPC: Global natural rubber production fell by 5.
2% in the first quarter of 2019, and consumption decreased
slightly.
3.
U.
K.
vehicle production fell 44.
5%
in April.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11550 (-350) yuan / ton; Vietnam 3L quotation 11950 (-250) yuan / ton; Thailand No.
3 tobacco flakes 13300 (-250) yuan/ton; Yunnan 18 years full latex 11650 (-150) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant remained stable at 12,700 yuan / ton
.
Thai Hat Yai raw material market raw film 52.
99 (+0) baht/kg; Tai San tobacco tablets 55.
71 (+0) baht/kg; field glue 50.
9 (+0) baht/kg; Cup glue 42 (+0) baht/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (+0) yuan / ton; The market price of cis-butadiene rubber is 11500 (+0) yuan / ton
.

Warehouse receipt inventory: warehouse receipt 414950 tons, +0 tons
.
Main positions: Top 20 long positions 99401, -4431; short positions 131428, -3096
.
Long and short are reduced at the same time, and headroom is increased
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and recent rainfall has occurred in Thailand and Yunnan production areas, the drought has eased, and the output of raw materials has increased
.
In terms of imports, the customs supervision of the import of mixed rubber has been strengthened, and the domestic import volume in the future market may be slightly reduced
.
From the perspective of inventory, inventory outside the bonded zone decreased slightly, but exchange inventory remained high
.
On the demand side, the recent domestic tire factory operation has remained generally good, but this year's export decline has been obvious, and domestic consumption has gradually entered the off-season, and the demand for the future market is not optimistic
.
Technically, the RU1909 contract is recommended to trade
in the 11650-12000 range for short term.

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