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

    Shanghai rubber shock under pressure futures prices closed slightly lower

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: Shanghai rubber under pressure of 12000, RU1909 increased its position, and the futures price closed down
    .
    The day closed at 11685, -2.
    14% from the previous session; 422658 volume; Position 415574, +16118, basis -485, +5, Ru5-September spread -195, -15
    .

    Shanghai rubber

    News: 1.
    IRSG: The production and sales of natural rubber in major countries maintained a slight increase
    year-on-year.
    In February and March, China's imports of natural and synthetic rubber increased by 56.
    6%
    month-on-month.
    3.
    In the first two months, Russian synthetic rubber exports to China increased by 37.
    6%.

    In terms of market, the 17-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market was 11200 (-150) yuan / ton; Vietnam 3L quotation 11300 (-50) yuan / ton; Thailand No.
    3 tobacco tablets 13000 (-200) yuan/ton; Yunnan 18 years full latex 11500 (-100) yuan / ton
    .
    On April 16, the purchase price of natural rubber fresh glue and dry rubber of Hainan State-owned Rubber Processing Plant was 12,000 yuan / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11300 (0) yuan / ton; The market price of cis-butadiene rubber is 11500 (+100) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 424420 tons, -170 tons
    .
    Main positions: Top 20 long positions 104482, +2883, short positions 142053, +5301
    .
    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, Vietnam's exports increased sharply in March, resulting in a sharp increase in the number of imported sky rubber in China, and in the later period, with the increase in supply in Southeast Asia, domestic imports will still 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 under pressure around 12000, and it is recommended to trade
    in the 11600-12000 range in the short term.

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