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Shanghai rubber rushed back down recommended range trading

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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On Friday, the Shanghai rubber market followed the black series and fell
back.
The main 1609 contract of Shanghai rubber closed at 12350 yuan / ton, down 1.
79%, reduced its position by 8154, and traded 904940 lots
.

Shanghai rubber

Spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11850-11950 (+100/+100) yuan / ton; Vietnam's 3L quotation is 12800-12900 (+100/+100) yuan/ton
.
Thai Hat Yai raw material market raw film 52.
55 (0) baht/kg; Tai San tobacco tablets 56.
66 (0) baht/kg; Field glue 55.
5 (0) baht/kg; Cup glue 45 (0) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12800 yuan / ton (0), cis-butadiene rubber market price 11800 yuan / ton (0).

News: 1.
New car sales in the Japanese auto market fell 3%
in March.
2.
Qingdao Double Star's revenue in the first quarter of 2016 increased significantly
year-on-year.

Thailand's government procurement of tobacco chips and Indonesia's storage and storage pushed up the price of overseas raw materials, while inventory in Qingdao Free Trade Zone is still declining, the operating rate of downstream tire factories has continued to rise, and manufacturers have accelerated stocking
.
In addition, affected by the tight supply of butadiene, the quotation of synthetic rubber remains strong, which has a certain boost effect
on natural rubber.
However, the rapid rise in the previous futures price also increases the risk of a futures price correction, and the Shanghai rubber 1609 contract focuses on the 12300 first-line support in the short term, and it is recommended to trade
in the 12300-12600 range.

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