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The Shanghai rubber market opened low and continued to fluctuate and weaken

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

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On Wednesday, the Shanghai rubber market continued to weaken
after opening low.
The main 1609 contract of Shanghai rubber closed at 10245 yuan / ton, down 3.
12%, increased its position by 26298 lots, and traded 662828 lots
.

Shanghai rubber

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 9800-9900 (-300/-300) yuan / ton; Vietnam's 3L quotation is at 10400 (-200) yuan / ton; 15 years Thailand No.
3 smoke 11500 (-250) yuan / ton; RMB mixed rubber 9700 (+50) yuan / ton
.
Thai Hat Yai raw material market raw film 55.
59 (-1.
42) baht/kg; Tai San Tobacco Tablets 58.
02 (-0.
5) THB/kg; Field glue 53 (0) baht/kg; Cup glue 40 (-0.
5) baht/kg
.

News: 1.
As of the end of May 2016, the rubber inventory in Qingdao Free Trade Zone has stopped falling and stabilized
.
2.
Honda's global production in April broke the record for the same period, climbing 18%
in China.

At present, the inventory of Qingdao Free Trade Zone has stabilized, and the sales volume of heavy trucks in April has increased year-on-year, but the operating rate of downstream tire factories has declined, and the overall demand has shown signs of
decline.
With the successive cutting of domestic rubber production areas, the supply of raw materials began to increase, but due to the impact of dry weather in the early stage, the supply of production areas has not yet increased
.
Today's Shanghai rubber 1609 contract under the influence of the surrounding market, the futures price increased and fell, the following focus on the previous low around 10200, short-term recommended to trade
in the 10200-10500 range.

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