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    Home > Chemicals Industry > New Chemical Materials > The rubber opens sharply low and runs with intraday oscillation

    The rubber opens sharply low and runs with intraday oscillation

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Monday, the rubber RU2009 contract opened sharply lower and then ran volatile
    .
    The current price closed at 9630, -4.
    42% from the previous trading day; Volume 151006 lots, position volume 117743 lots, +4458, basis -130; RU5-9 spread -260
    .
    The NR2005 contract futures closed at 7800, -4.
    99% from the previous session; Volume 6250 lots, position volume 18211 lots, -533; NR5-6 spread -105
    .

    rubber

    News: 1.
    From March 20, the export tax rebate rate of some synthetic rubber in China will be increased to 13%.

    2.
    According to Longzhong information statistics, the operating rate of semi-steel tire manufacturers last week was 63.
    94%, up 5.
    83% month-on-month and down 3.
    34% year-on-year: the operating rate of all-steel tire manufacturers was 64.
    04%, up 4.
    67% month-on-month and down 8.
    67%
    year-on-year.
    3.
    Following Europe, a large number of tire factories in the Americas were closed
    .

    Market quotation: Shanghai market 18-year state-owned full latex reported 9500 (-350) yuan / ton, Vietnam 3L reported 9850 (-300) yuan / ton, Thailand No.
    3 tobacco film reported 11700 (-350) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1200 (+10) US dollars / ton, Qingdao market STR20 March cargo reported 1200 (+10) US dollars / ton
    .
    Thai Hat Yai raw material market raw film 38.
    95 (-0.
    93) baht/kg; Tai San Tobacco Tablets 42 (+0.
    27) THB/kg; Field glue 36.
    3 (-0.
    2) baht/kg; Cup glue 29 (-0.
    5) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 8900 (+0) yuan / ton; The market price of cis-butadiene rubber is 8700 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 238600 tons, -960 tons; NR warehouse receipts 56,610 tons, -393 tons
    .
    Main positions: RU2005 Top 20 long positions 52057, +2080; short positions 83323, +710; long and short increased, net short decreased
    .

    From the current fundamental point of view, the low price of crude oil makes the price of synthetic rubber follow the decline, which has a certain negative impact
    on the price of natural rubber.
    In addition, the continued spread of the epidemic overseas, and the high market share of tire exports to Europe and the United States has suppressed demand
    .
    In addition, the operating rate of domestic tire factories has rebounded significantly, but tire demand is still in the recovery period, and the demand for natural rubber is limited
    .
    Due to the slow recovery of demand, rubber stocks in Qingdao have remained high recently
    .
    The future market pays attention to the development of the overseas epidemic and the process of domestic resumption of work, and the short-term peripheral market is still unstable, so it is recommended to wait and see
    .

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