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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber reduced positions to close lower, short-term focus on the support below

    Shanghai rubber reduced positions to close lower, short-term focus on the support below

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: Shanghai rubber reduced its position and closed down, RU1909 reduced its position and reduced its volume, and the futures price fell
    .
    The day closed at 10280, -1.
    3% from the previous trading day; Volume 205222, position 252050, -12334, basis -80, -40; Ru9-January spread -900, -45
    .

    Shanghai rubber

    Consumption: The auto dealer inventory warning index reached 62.
    2%
    in January and July.
    2.
    The import volume of natural rubber in the United States in the first half of the year increased by 3.
    2%
    year-on-year.
    In March and June, U.
    S.
    tire imports from China fell
    year-on-month.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10200 (-100) yuan / ton; Vietnam's 3L quotation is 10700 (-100) yuan / ton; Thailand No.
    3 tobacco flakes 12500 (-100) yuan/ton; Yunnan 18 years full latex 10600 (+0) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant is 9500 yuan / ton / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10300 (+0) yuan / ton; The market price of cis-butadiene rubber is 10500 (+0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 412430 tons, -30 tons
    .
    Main positions: the top 20 long positions 58635, -2575; short positions 80113, -3803
    .
    Long and short are reduced together, and headroom is reduced
    .

    Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
    .
    The recent sharp drop in raw material market prices in Thailand indicates that the source supply is sufficient
    .
    Although stocks outside the bonded zone have continued to decline recently, Thailand's exports of Chinese standard rubber increased sharply in June, and inventories will still recover
    as imported sources continue to arrive at Hong Kong.
    On the demand side, domestic heavy-duty truck sales in July fell sharply again month-on-month, coupled with the current domestic tire consumption gradually entering 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 all-latex sticker mixed rubber may make the futures price decline space limited
    .
    Technically, the RU1909 contract reduced its position and fell, focusing on the support of the 10,000 integer mark below in the short term, and it is recommended to trade
    in the 10,000-10,500 range.

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