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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber shock finishing futures prices closed slightly lower

    Shanghai rubber shock finishing futures prices closed slightly lower

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: Shanghai rubber slightly fluctuated, RU1909 increased its position, and the futures price closed slightly lower
    .
    The day closed at 11930, -0.
    08% from the previous session; 365198 volume; Position 394090, +2236, basis -630, -20; Ru5-September spread -260, +10
    .

    Shanghai rubber

    News: 1.
    Vietnam's natural rubber exports in March increased by more than
    30% year-on-year.
    2.
    In the first two months, Malaysia's tianjiao production increased by 14.
    2%, and the import and export volume declined
    .
    3.
    China Association of Automobile Manufacturers: Passenger car sales in March fell 6.
    9% y/y, and the decline was significantly narrowed
    .

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11300 (0) yuan / ton; Vietnam 3L quotation 11350 (0) yuan / ton; Thailand No.
    3 tobacco tablets 13150 (-50) yuan/ton; Yunnan 18 years full latex 11600 (0) yuan / ton
    .
    Thai Hat Yai raw material market raw film 51.
    35 (0) baht/kg; Tai San tobacco tablets 54.
    45 (0) baht/kg; Field glue 51.
    5 (0) baht/kg; Cup gum 41.
    5 (0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11000 (0) yuan / ton; The market price of cis-butadiene rubber is 11200 (0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 424480 tons, +10 tons
    .
    Main positions: Top 20 long positions 102505, +844, short positions 134790, +2086
    .
    Long and short increase at the same time, headroom increases
    .

    At present, the domestic production areas have been cut one after another, and the purchase price is slightly higher than the same period
    last year.
    In terms of imports, the number of Chinese imports of tianjiao from Vietnam has increased significantly, and with the increase of supply in Southeast Asia in the later period, domestic imports will increase
    significantly.
    From the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and supply pressure is still obvious
    .
    On the demand side, the recent operation of domestic tire factories has remained relatively good, but from the export data, the export decline in the first quarter of this year is obvious, and the demand side is not optimistic
    .
    Technically, the RU1909 contract is focused on pressure around 12050 and is recommended to trade
    in the 11600-12050 range in the short term.

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