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Shanghai rubber shock fell and closed four consecutive negatives

 Last Update: 2022-11-29
 Source: Internet
 Author: User

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On Friday, the Shanghai rubber market fell in shock, closing in a row of negatives
.
The main 1605 contract closed at 10360 yuan / ton, down 2.
86% from the previous trading day, reducing its position by 8244 lots and trading 779100 lots
.

Shanghai rubber

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 9900-10000 (-350/-350) yuan / ton; Vietnam's 3L quotation is 9450-9500 (-50/-50) yuan / ton, and Thailand's No.
3 tobacco film is reported at 10500-10600 (-350/-300) yuan / ton
.
Thai Hat Yai raw material market raw film 40.
6 (-0.
65) baht/kg; Tai San tobacco tablets 42.
51 (+0.
18) baht/kg; field glue 38 (+0.
5) baht/kg; Cup gum 33 (+0.
5) THB/kg
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 8950 yuan / ton (0), cis-butadiene rubber market price 8600 yuan / ton (0).

News: 1.
As of February 10, Japanese port rubber inventories continued to increase by 7.
9%.

2.
New car sales in Malaysia fell 12% in January, and may remain weak
for the whole year.

At present, rubber tapping in Southeast Asian production areas has gradually entered the final stage, and the export ban of major rubber-producing countries has made the market worried about the decrease in supply in the next 3-5 months; However, domestic bonded zones and exchange inventories are still at a high level, downstream demand has not fully recovered, and the rebound pressure of futures prices is more obvious
.
Today's Shanghai rubber 1605 contract reduced positions downward, the early short head separation field, short-term attention to the 10200 line of support, it is recommended to operate
in the 10200-10600 range.

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