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The Shanghai rubber market increased its position and fell, and the decline narrowed

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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On Thursday, the Shanghai rubber market fell in increased positions
.
The main 1609 contract of Shanghai rubber closed at 12360 yuan / ton, down 3.
63%, increasing its position by 20666 lots, and trading 805118 lots
.

Shanghai rubber

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11850 (-300) yuan / ton; Vietnam's 3L quotation is at 12600 (-200) yuan / ton; Thailand No.
3 tobacco tablets 12900-13000 (-300/-200) yuan/ton; RMB mixed rubber 11450-11500 (-150/-200) yuan / ton
.
Thai Hat Yai raw material market raw film 60.
59 (0) baht/kg; Tai San Tobacco Tablets 64.
79 (0) baht/kg; Field glue 61.
5 (0) baht/kg; Cup glue 49 (0) baht/kg
.

News: Sales of medium- and heavy-duty trucks in January and April increased by 11.
18%
year-on-year.
Passenger car sales increased by 8.
4%
in the second and first quarters.
3.
India launched an anti-dumping investigation
on radial tires of Chinese trucks and buses.

At present, the inventory of Qingdao Free Trade Zone is still declining, but the decline has narrowed
.
Downstream tire factories have been compressed due to the rise in raw material prices, and the operating rate of semi-steel tires has declined
.

Localized rainfall in Thailand, slight easing of dry weather, and partial decline in Hat Yai raw material market prices
.
In May, with the domestic rubber production area being cut one after another, the supply and demand of raw materials is tight or eased
.
Shanghai rubber 1609 contract increased positions downward, short-term focus on support around 12350, it is not recommended to chase short, intraday 12300-12700 range trading
.

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