echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The Shanghai rubber market fluctuated and closed up, and demand gradually picked up

    The Shanghai rubber market fluctuated and closed up, and demand gradually picked up

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the Shanghai rubber market closed in turmoil
    .
    The main 1609 contract of Shanghai rubber closed at 11355 yuan / ton, up 0.
    08%, increasing its position by 1764 lots, and trading 590762 lots
    .

    Shanghai rubber

    In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10750 (-50) yuan / ton; Vietnam's 3L quotation is at 11500 (-200) yuan / ton; 15 years Thailand No.
    3 smoke 12300 (-50) yuan / ton; RMB mixed rubber 10600 (+50) yuan / ton
    .
    Thai Hat Yai raw material market raw film 58.
    73 (0) baht/kg; Tai San tobacco tablets 61.
    9 (-0.
    56) baht/kg; Field glue 59 (-0.
    5) baht/kg; Cup glue 46 (0) baht/kg
    .
    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 11600 yuan / ton (-200), cis-butadiene rubber market price 10700 yuan / ton (-300).

    News: According to the statistics of the China Association of Automobile Manufacturers, in April 2016, the production and sales of heavy-duty trucks (including incomplete vehicles and semi-trailer tractors) were 66,345 units and 68,884 units, down 8.
    84% and 7.
    85% month-on-month, up 25.
    94% and 17.
    34% year-on-year, respectively, and the growth rate was expanding compared with the previous month (up 8.
    63% and 10.
    42% year-on-year, respectively
    ).

    In the early stage, affected by the El Niño phenomenon, the excessive arid weather inhibited the cutting of tianjiao, but with the weakening of the influence of El Niño, rainy weather occurred in domestic and foreign production areas, which was suitable for rubber tapping
    .
    At present, the cutting of Yunnan and Hainan has been fully launched, the shortage of glue supply has been alleviated, and the production of new rubber has gradually increased, and it is expected to be on the market in late May
    .
    At the same time, major Southeast Asian producing countries such as Thailand will also usher in the harvesting period in June, and the peak supply is expected to come in mid-to-late June
    .

    In the medium term, the pattern of oversupply of tianjiao has not changed
    .
    The latest ANRPC report shows that from January to April, the production of tianjiao in the main producing countries increased by 1.
    9%, exports increased by 3.
    5%, and consumption increased by 5.
    5%.

    According to the output of the first four months of this year, it is expected that the annual output of tianjiao will reach 11.
    166 million tons, an increase of 1.
    1%
    over last year's 11.
    042 million tons.

    At present, the inventory of Qingdao Free Trade Zone is still declining, although the operating rate of downstream tire factories has declined, but it is flat at the same level last year, and the sales volume of heavy trucks in April increased year-on-year and has a trend of expansion, indicating that demand is gradually picking up
    .
    With the successive cutting of domestic rubber production areas, the supply and demand of raw materials are tight or have eased, but due to the impact of drought, the supply of production areas has not yet increased
    .
    Today's Shanghai rubber 1609 contract closed slightly higher, short-term focus on the 11500 line of pressure, intraday 11500-11200 range trading
    .

    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.