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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber rushed back down and the futures price closed down

    Shanghai rubber rushed back down and the futures price closed down

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: RU1905 rushed back down, Shanghai rubber futures price closed down
    .
    The day closed at 12495, -1.
    23% from the previous trading day; 561936 volume; Position 326518, -13336, basis -195, +475, RuMay-September spread -255, +10
    .

    Shanghai rubber

    News: 1.
    In January 2019, Thailand exported 410,000 tons of natural rubber (12475, -225.
    00, -1.
    77%) and mixed rubber, both down
    year-on-year.
    In February and January, China's imports of tianjiao shrank
    sharply.
    3.
    South Korea's exports of synthetic rubber in January maintained a slight increase
    year-on-month.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 12300 (+200) yuan / ton; Vietnam 3L quotation 11900 (+200) yuan / ton; Thailand No.
    3 tobacco tablets 13950 (+200) yuan / ton; Yunnan 18 years full latex 12100 (+200) yuan / ton
    .
    Thai Hat Yai raw material market raw film 47.
    7 (+1.
    64) baht/kg; Tai San Tobacco Tablets 50.
    2 (+1.
    15) THB/kg; field glue 47.
    2 (+1.
    5) baht/kg; Cup gum 40 (+1) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11700 (0) yuan / ton; The market price of cis-butadiene rubber is 11900 (0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 419780 tons, -50, still at a high level
    .
    Main positions: Top 20 long positions 82208, -4494, short positions 107849, -2142
    .
    The bulls reduced their holdings by a large margin, and the headroom increased
    .

    At present, the domestic natural rubber production areas have entered the suspension period, and the Southeast Asian production areas have also stopped cutting
    .
    The rubber export reduction plan of the three countries of India, Malaysia and Thailand has boosted the Shanghai rubber market, but the actual effect remains to be seen
    .
    After the holiday, tire factories resumed work one after another, and the operating rate gradually recovered
    .
    Although China's rubber imports fell year-on-year in January, from the perspective of inventory, exchange inventories and stocks outside the bonded zone continued to increase, and the supply pressure was still obvious
    .
    Technically, the RU1905 contract is under pressure at the 13000 mark pressure to fall, and it is recommended to trade
    in the 12300-12800 range.

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