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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber rushed back down under pressure on the 20-day moving average

    Shanghai rubber rushed back down under pressure on the 20-day moving average

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai rubber market soared and retreated
    .
    The main 1609 contract of Shanghai rubber closed at 10985 yuan / ton, down 4.
    06%, increasing its position by 3946 lots, and the transaction was 755692
    .

    Shanghai rubber

    In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10850 (0) yuan / ton; Vietnam's 3L quotation is at 11000 (0) yuan / ton; 15 years Thailand No.
    3 smoke 12600 (+50) yuan / ton; RMB mixed rubber 10300 (-300) yuan / ton
    .
    Thai Hat Yai raw material market raw film 52.
    69 (-1.
    2) baht/kg; Tai San Tobacco Tablets 54 (-1.
    65) THB/kg; Field glue 46.
    5 (0) baht/kg; Cup gum 39 (-1) baht/kg
    .
    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10600 yuan / ton (0), cis-butadiene rubber market price 10800 yuan / ton (0).

    News: 1.
    ANRPC: In the first half of 2016, the output of Tianjiao fell by 0.
    3%, and the import and export situation in the second half of the year may be sluggish
    .
    2.
    Brexit has caused the yen to soar, and Toyota/Nissan profit expectations are under pressure
    .

    Inventories in Qingdao Free Trade Zone continued to decline, and heavy-duty truck sales continued to increase sharply year-on-year in June, and China's tire exports rose 9%, indicating that downstream demand performance was acceptable
    .

    With the successive cutting of domestic rubber production areas, the supply of raw materials has increased, and the price of glue has fallen, but the raw materials in the production areas have not yet been released due to the weather in the early stage
    .
    At present, the main producing countries of Tianjiao are in the peak season of rubber production, the output of glue is normal, and the supply pressure is expected to continue to rise, while the operating rate of domestic downstream tire enterprises is declining, terminal demand has turned into an off-season mode, consumption power has weakened, and the increase in supply and demand contradictions is not conducive to the strengthening
    of rubber prices.
    Today's Shanghai rubber 1609 contract once rose after opening low, but under pressure the 20-day moving average fell back, short-term attention to the 40-day moving average support, it is recommended to wait and see
    for the time being.

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