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The Shanghai rubber market rebounded and closed up at the end of the day

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

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On Friday, the Shanghai rubber market rebounded and closed up
in late trading.
The main 1609 contract closed at 10535 yuan / ton, up 1.
1%, reduced its position by 7036 lots, and traded 833422 lots
.

Shanghai rubber

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 9900-10000 (0/0) yuan / ton; Vietnam's 3L quotation is at 10600 (+100) yuan / ton; 15 years Thailand No.
3 smoke 11650 (0) yuan / ton; RMB mixed rubber 9500-9600 (+100/+200) yuan/ton
.
Thai Hat Yai raw material market raw film 55.
85 (+0.
73) baht/kg; Tai San Tobacco Tablets 58 (+0.
62) THB/kg; Field glue 52 (0) baht/kg; Cup glue 40 (0) baht/kg
.

News: 1.
UK passenger car production in April increased by 16%, supply and exports increased by 24%.

2.
Rubber consumption in the Asia-Pacific region will account for 2/3
of the world.

At present, the inventory in Qingdao Free Trade Zone is still declining, and the sales volume of heavy trucks in April increased year-on-year and expanded, indicating that demand is gradually picking up
.
The operating rate of downstream tire plants has declined, and it is slightly lower than the same period last year
.

With the successive cutting of domestic rubber production areas, the supply and demand of raw materials are tight or alleviated, 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 reduced its position and rebounded, short-term attention to the upper 10-day moving average pressure, it is recommended to trade
in the 10400-10800 range.

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