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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber warehouse reduction and shrinkage The overall inventory pressure is still obvious

    Shanghai rubber warehouse reduction and shrinkage The overall inventory pressure is still obvious

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Tuesday, the main 1901 contract of Shanghai rubber reduced its position and reduced its position, and the futures price closed slightly higher
    .
    The price closed at 11225 yuan / ton, up 0.
    54% from the previous trading day, reducing 5698 lots and trading 269934 lots
    .

    Shanghai rubber

    News: In January and September, Malaysia's tianjiao production fell year-on-year
    .
    2.
    Sumitomo Tire revenue in the first nine months increased by 11.
    1%
    year-on-year.

    In terms of spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market is 10050 (0) yuan / ton; Vietnam 3L quotation 10350 (0) yuan / ton; Thailand No.
    3 cigarette tablets 11600 (+100) yuan / ton
    .
    Thai Hat Yai raw material market raw film 37.
    97 (-0.
    53) baht/kg; Tai San Tobacco Tablets 40.
    67 (0) Baht/kg; Field glue 37.
    5 (-0.
    5) baht/kg; Cup gum 32 (-0.
    5) baht/kg
    .

    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12400 (0) yuan / ton; The market price of cis-butadiene rubber is 12600 (0) yuan / ton
    .
    On November 12, the enthusiasm of the Qingdao Free Trade Zone market inquiry increased, the trading price of US dollar rubber fell by 10 US dollars / ton from the previous trading day, and the transaction price of RMB rubber fell by 100 yuan / ton
    from the previous trading day.

    The domestic Yunnan production area will enter the suspension period at the end of the month, but Southeast Asia has begun to enter a period of strong supply, and the climate in the production area is generally normal
    .
    In the intermediate circulation link, although the inventory of Qingdao Free Trade Zone has dropped significantly, it is not caused by demand, but a factor of
    statistical caliber adjustment.
    In addition, the inventory of the previous period, outside the region and Yunnan production area is still at a high level, and the overall inventory pressure is still obvious
    .
    At the same time, the write-off of old warehouse receipts in mid-November will put pressure
    on the spot market.

    Downstream, the seasonal sales of tire factories tend to be better, the increase in export tax rebates for tire products and the sharp reduction of the tax rate of truck and bus tires imported from China by the European Union are beneficial to the tire industry, but the sales of domestic heavy trucks are not optimistic
    .
    The Shanghai rubber 1901 contract focuses on the first-line support of 11,000 yuan / ton, and it is recommended to trade
    in the 11,000-11,700 range in the short term.

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