echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The main force of Shanghai rubber fluctuates widely, and the price of rubber is expected to rise

    The main force of Shanghai rubber fluctuates widely, and the price of rubber is expected to rise

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Shanghai rubber 1701 contract opened 13280 yuan / ton, the highest 13305 yuan / ton, the lowest 13250 yuan / ton, closed 13250 yuan / ton, up 115 yuan / ton, up 0.
    88%.

    The trading volume was 143,500 lots, and the position volume increased by 3,918 lots to 291,600 lots
    .

    Shanghai rubber

    In terms of spot, the quotation of spot US dollar rubber in Thailand in the bonded zone rose sharply, and the domestic spot price continued to rise by about
    300.
    The domestic main sales area market, 14-year full latex in Shanghai 10950 yuan / ton; The 14-year state-owned whole milk tax-free price in Hengshui is 10,500 yuan / ton; The 16-year full latex quotation in Yunnan was 10750 yuan / ton, and the SCR5 report was 10100 yuan / ton; Guangdong Vietnam 3L reported 11600 yuan / ton
    .

    The inventory in the bonded area fell to a 10-year low, the difference is that in addition to 3-50,000 tons of zombie inventory, the circulating inventory is about 60,000 tons, and some rubber varieties are out of stock, coinciding with the double festival, the tire factory stock demand is up, and the supply and demand are mismatched
    in stages.
    In the five-year bear market, the trade link was reshuffled, and the supply of goods was concentrated in the hands of large enterprises such as Chongqing Trading Company, Shidong, Sinochem, Haijiao, and Guangken, and the bargaining power was improved
    .

    The car market unexpectedly soared in the off-season: the Jinjiu opening rate was strong and the fourth quarter was expected to be optimistic
    .
    "In August this year, it can be said that China's automobile market has reached a super high growth rate, although the economy is in a state of decline, but the car market is better than the day
    .
    " On September 13, Cui Dongshu, secretary general of the National Passenger Vehicle Market Information Association (hereinafter referred to as the "Passenger Vehicle Association"), said
    .
    According to data released by the China Association of Automobile Manufacturers (hereinafter referred to as "CAAM") on September 9, from January to August this year, the national automobile production and sales were 16.
    8459 million and 16.
    755 million units, respectively, an increase of 10.
    82% and 11.
    43% year-on-year, an increase of 1.
    83 percentage points and 1.
    59 percentage points
    respectively from January to July.

    The "Tire Grading Standards" and "Tire Label Management Regulations" issued by the China Rubber Industry Association will be implemented
    on September 15, 2016.
    Xu Wenying, secretary-general of the China Rubber Industry Association, said that if the majority of consumers can truly understand the content expressed by the label, and give priority to the purchase of labeled tires through the invisible hands of consumers, it will accelerate the reshuffle of the tire industry and play a positive role
    in promoting the elimination of backwardness, transformation and upgrading of China's tire industry, and supporting the excellent and strong.

    The main contract of Shanghai rubber entered a wide range, with a range of 12000-13500
    .
    Positive factors such as the decline in inventory and imports in the bonded zone, and the lack of weak demand have all played a role
    in the rubber price after getting rid of the suppression of the huge warehouse receipt of the 1609 contract.
    It will take a certain amount of time for the weather to turn to the main producing country to fully recover the production capacity during the peak season, and within this time difference, if the volume and price are coordinated, the probability of the rubber price effectively breaking through the previous high point of the box under the blessing of funds is very large, and the rubber price is expected to rise
    further.

    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.