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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber rose strongly and futures prices closed strongly

    Shanghai rubber rose strongly and futures prices closed strongly

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: Shanghai rubber rose strongly, RU1909 increased its position, and the futures price closed strongly
    .
    The day closed at 12250, +5.
    2% from the previous trading day; 802074 volume; Position 424624, +25858, basis -450, -5, Ru9-January spread -940, +5
    .

    Shanghai rubber

    News: 1.
    In the first four months, Vietnam's natural rubber exports increased by 24.
    5% year-on-year, and exports to China increased by 37.
    4%.

    2.
    The United States plans to extend the EU auto tariff decision
    .
    3.
    In the first four months, China's imports of natural and synthetic rubber increased by 2.
    3%
    year-on-year.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11800 (+500) yuan / ton; Vietnam's 3L quotation is 12200 (+500) yuan / ton; Thailand No.
    3 tobacco tablets 13550 (+500) yuan / ton; Yunnan 18 years full latex 11600 (+300) yuan / ton
    .
    The purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant remained stable at 12,500 yuan / ton
    .
    Thai Hat Yai raw material market raw film 50.
    6 (+0.
    3) baht/kg; Tai San tobacco tablets 53.
    25 (+0) baht/kg; Field glue 50.
    2 (-0.
    3) baht/kg; Cup gum 41 (+0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11100 (0) yuan / ton; The market price of cis-butadiene rubber is 11200 (0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 421700 tons, +240 tons
    .
    Main positions: Top 20 long positions 108584, +6442, short positions 139980, +4839
    .
    Long and short increase together, headroom decreases
    .

    Summary: At present, the domestic production area has entered the rubber tapping period, and the dry weather in the Yunnan production area has partially stopped cutting, which may have an impact
    on the later output.
    In terms of imports, Vietnam's exports to China increased sharply year-on-year in April, but with the strengthening of customs supervision over the import of mixed rubber, domestic imports may be slightly reduced
    in the future.
    From the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and supply pressure is still obvious
    .
    On the demand side, the recent operation of domestic tire factories has remained relatively good, but from the export data, the export decline in the first quarter of this year is obvious, and the demand side is not optimistic
    .
    Technically, the RU1909 contract is recommended to operate more in the short term, focusing on the pressure
    around 12500 above.

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