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    Home > Chemicals Industry > New Chemical Materials > The contradiction between supply and demand has intensified, and the Shanghai rubber shock has continued

    The contradiction between supply and demand has intensified, and the Shanghai rubber shock has continued

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    The main contract of Shanghai rubber fluctuated to close the lower shadow hammerhead line, opening at 12595, the highest 12600, the lowest 12435, closing at 12580, up 35 points, or 0.
    28%.

    Shanghai rubber

    In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10300 (-50) yuan / ton; Vietnam 3L quotation 10600-10700 (0/0) yuan / ton; 15 years Thailand No.
    3 tobacco tablets 12500 (-100) yuan / ton; RMB mixed rubber 10650-10700 (0/0) yuan / ton
    .
    Thai Hat Yai raw material market raw film 50.
    66 (+0.
    29) baht/kg; Tai San tobacco tablets 52.
    85 (+0.
    52) baht/kg; Field glue 48.
    5 (0) baht/kg ; Cup glue 41.
    5 (+0.
    5) baht/kg
    .

    Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 11100 yuan / ton (+200); The market price of cis-butadiene rubber is 11500 yuan / ton (+150).

    According to foreign research reports, the global natural rubber market has been in a state
    of oversupply since 2011.
    There was an oversupply of 220,000 tonnes in 2011 and 140,000 tonnes in 2015
    .
    Affected by the increase in rubber tapping area and the slowdown in the growth rate of the tire industry, it is expected that by 2020, there will be an oversupply of about
    110,000 tons.
    As the world's largest consumer of rubber, China's consumption reached 4.
    682 million tons in 2015, accounting for 38.
    5%
    of the world's total.
    Due to limited domestic production, China must import a large amount of rubber to meet its own needs
    .
    In 2015, imports increased by 4.
    8% year-on-year to 2.
    736 million tons, while prices fell by 24.
    5% to US$1431.
    6/mt
    in the same period.

    Under the background of falling rubber prices and reduced planting area, China's automobile industry has developed rapidly, which is conducive to increasing the rigid demand for tires and increasing the consumption
    of tianjiao.
    From 2016 to 2020, the contradiction between China's rubber supply and demand will further intensify; By 2020, the gap between supply and demand will reach 5.
    142 million tons, an increase of 32.
    3%
    over 2015.
    Rubber from 12000 last week rebounded, the daily level is now under pressure on a number of moving averages and Bollinger mid-band, the follow-up trend is not very clear, it is recommended to wait and see
    .

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