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

    Shanghai rubber reduced its position to close down and the futures price closed slightly lower

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    In the market situation, Shanghai rubber reduced its position and closed down, RU1909 reduced its position incrementally, and the futures price closed down
    .
    The day closed at 10485, -1.
    41% from the previous trading day; Volume 323282, position 388256, -760, basis -135, +10; Ru9-January spread -910, -20
    .

    Shanghai rubber

    In terms of news, 1.
    China's imports of natural and synthetic rubber in June were 441,000 tons, down 27%
    year-on-year.
    2.
    In May 2019, Malaysia's production of tianjiao increased
    year-on-year.
    3.
    Vietnam's natural rubber exports in June increased by 58.
    4%
    month-on-month.

    Market quotation, the quotation of state-owned whole milk (Yunxiang) in the Shanghai market for 17 years was 10350 (-150) yuan / ton; Vietnam's 3L quotation is 10850 (-100) yuan / ton; Thailand No.
    3 tobacco tablets 12400 (-50) yuan/ton; Yunnan 18 years full latex 10600 (-150) 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
    .
    July 16 is the Thai Sambo Buddha Day holiday, and the Hat Yai raw material market is closed
    .
    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 406440 tons, -160 tons
    .
    Main positions: Top 20 long positions 88735, +335; short positions 124968, -1198
    .
    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
    .
    From a technical point of view, the RU1909 contract reduced its position and fell, the moving average system suppressed the futures price, and the short-term recommendation was treated with a bearish idea, focusing on the support
    near the 10,000 integer mark below.

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