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

    Shanghai rubber rushed back down and the futures price closed slightly higher

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: Shanghai rubber rushed back down, RU1905 reduced its position and contracted, and the futures price closed slightly higher
    .
    The day closed at 11940, +0.
    17% from the previous session; 162368 volume; Position 247498, -5820, basis -490, +60, RuMay-September spread -275, +15
    .

    Shanghai rubber

    News: In January and February, Thailand's natural rubber exports fell by 6% year-on-year, and mixed rubber exports increased by 35.
    6%
    year-on-year.
    2.
    Liberia's largest rubber factory cut 13%
    of employees.
    3.
    Goodyear will upgrade two factories in Germany
    .

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11450 (+50) yuan / ton; Vietnam 3L quotation 11550 (+50) yuan / ton; Thailand No.
    3 tobacco tablets 13300 (+100) yuan/ton; Yunnan 18 years full latex 11700 (-50) yuan / ton
    .
    Thai Hat Yai raw material market raw film 49.
    49 (+0.
    12) baht/kg; Tai San Tobacco Tablets 54 (+0.
    25) THB/kg; field glue 51.
    2 (+0.
    2) baht/kg; Cup gum 40.
    5 (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 11400 (0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 428850 tons, +620 tons
    .
    Main positions: top 20 long positions 63549, -1186; short positions 83981, -1590
    .
    Long and short are reduced together, and headroom is reduced
    .

    At present, the global natural rubber producing areas have entered a low production period, and the rubber export tonnage of India, Malaysia and Thailand three countries plan to boost the Shanghai rubber market, but the actual effect is limited
    .
    Recently, the domestic tire factory operation is generally good
    .
    Although China's rubber imports continued to decline year-on-year in February, from the perspective of inventory, exchange inventory and inventory outside the bonded zone continued to increase, and the supply pressure was still obvious
    .
    Technically, the RU1905 contract has support under pressure, and it is recommended to trade
    in the 11700-12200 range in the short term.

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