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Shanghai rubber rushed back down, downstream demand is acceptable

 Last Update: 2022-12-03
 Source: Internet
 Author: User

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On Tuesday, the Shanghai rubber market rushed back down
.
The Shanghai rubber 1701 contract closed at 12810 yuan / ton, up 1.
39% from the previous trading day, increasing its position by 13274 lots and trading 689138 lots
.

Shanghai rubber

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10400 (0) yuan / ton; Vietnam's 3L quotation is 10800-10900 (+100/+100) yuan/ton; 15 years Thailand No.
3 smoke 12750 (+250) yuan / ton; RMB mixed rubber 10450 (0) yuan / ton
.
Thai Hat Yai raw material market raw film 59.
79 (-1.
9) baht/kg; Tai San tobacco tablets 59.
26 (-2.
66) baht/kg; Field glue 51.
5 (0) baht/kg; Cup gum 39.
5 (-0.
5) baht/kg
.

Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10900 yuan / ton (0), cis-butadiene rubber market price 11000 yuan / ton (0).

News: 1.
General Administration of Customs: China imported 430,000 tons of rubber in July, a year-on-year increase
.
2.
In the first half of this year, US sky rubber imports fell by 1.
6%.

Qingdao Free Trade Zone inventory continued to decline sharply, and heavy-duty truck sales increased sharply year-on-year, and the operating rate of tire factories remained high, indicating that downstream demand performance was acceptable
.
At present, the supply of raw materials has increased during the cutting period in domestic and foreign production areas, but due to weather conditions and rubber tapping sentiment, the raw materials have not yet been released
.
The Shanghai rubber 1701 contract rushed back down, short-term pressure at the 13000 mark, it is recommended to trade
in the 12700-13150 range.

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