echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The firm price of synthetic rubber has supported the futures price of Shanghai rubber

    The firm price of synthetic rubber has supported the futures price of Shanghai rubber

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Monday, the main 1901 contract of Shanghai Rubber increased its position and contracted, and the futures price closed slightly higher
    .
    The date price closed at 12515 yuan / ton, up 0.
    08%, increasing 7016 lots, and the transaction was 272106
    .

    Shanghai rubber

    News: In January and August, Thailand's exports of tianjiao fell by 6.
    1%
    year-on-year.
    February and August, South Korea's synthetic rubber exports increased by 0.
    9% year-on-year, and imports fell by 15.
    3%.

    In terms of spot: the quotation of 17-year state-owned whole milk (Baodao) in the Shanghai market is 10950 (+50) yuan / ton; Vietnam 3L quotation 11050 (+150) yuan / ton; Thailand No.
    3 tobacco tablets 12850 (+100) yuan/ton; Yunnan 18 years full latex 11100-11200 (+100/+200) yuan / ton
    .
    Thai Hat Yai raw material market raw film 40.
    57 (-0.
    33) baht/kg; Tai San Tobacco Tablets 42.
    39 (0) THB/kg; Field glue 41 (0) baht/kg; Cup gum 36.
    5 (0) baht/kg
    .

    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 12900 (0) yuan / ton; The market price of cis-butadiene rubber is 14750 (0) yuan / ton
    .

    On the 21st, the enthusiasm of traders in Qingdao Free Trade Zone was scarce, the enthusiasm for intraday shipments was low, the enthusiasm for inquiry did not improve significantly, and the transaction price was narrow.

    The transaction price is as follows: Thai standard spot 1355-1360 US dollars / ton, down 10 US dollars / ton
    .
    Thai mixed spot cargo of 1350-1360 US dollars / ton, stable
    .
    RMB Thai mixed old goods 10600 yuan / ton; The spot of new goods was 10,800 yuan / ton, stable; 10900 yuan / ton in October, stable; November 10950-11000 yuan / ton, stable
    .

    Inventories: futures inventories were 514,330 tons, an increase of 110 tons
    .

    At present, the overall climate in the production area is relatively normal, and Thailand's exports continue to increase
    .
    Although the inventory of Qingdao Free Trade Zone has decreased recently, it is still at a high level
    overall, plus the inventory of the previous period, outside the area and Yunnan production area.

    Downstream, Shandong tire enterprises have basically resumed production, last week the domestic all-steel operating rate increased year-on-year, semi-steel tire operating rate rose month-on-month, slightly fell year-on-year, but the upcoming National Day holiday will restrict the further improvement
    of the operating rate.
    The recent strong performance of synthetic rubber prices has supported the futures price of Shanghai rubber, and the short-term Shanghai rubber 1901 contract is recommended to operate
    in the 12000-12800 range.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.