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The Shanghai rubber market reduced its position and rose strongly

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

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On Monday, the Shanghai rubber market rose
strongly.
The main 1609 contract of Shanghai rubber closed at 12075 yuan / ton, up 5.
37%, reducing its position by 13282 lots, and trading 960566 lots
.

Shanghai rubber

News: Heavy-duty trucks in January and June increased by 13% y/y, and the market increased by 42,000 units in the first half of the
year.
2.
The auto market in the United States increased by only 1%
in the first half of 2016.

In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11550 (+650) yuan / ton; Vietnam's 3L quotation is at 11400 (+500) yuan / ton; 15 years Thailand No.
3 smoke 13500 (+800/+700) yuan/ton; RMB mixed rubber 10300-10350 (0/0) yuan/ton
.
Thai Hat Yai raw material market raw film 54.
47 (+0.
28) baht/kg; Tai San Tobacco Tablets 58.
11 (0.
8) Baht/kg; Field glue 47 (0) baht/kg; Cup glue 39.
5 (0) baht/kg
.

Inventories in Qingdao Free Trade Zone continued to decline, and heavy-duty truck sales continued to increase sharply year-on-year in June, and China's tire exports rose 9%, indicating that downstream demand performance was acceptable
.
With the successive cutting of domestic rubber production areas, the supply of raw materials began to increase, and the price of glue fell, but at present, due to the early weather reasons, the raw materials in the production areas have not yet been released
.
Driven by macro expectations and market sentiment, the Shanghai rubber 1609 contract rose strongly, and stood at the 12000 mark, short-term or still strong performance, pay attention to the pressure around 12300, the market rose sharply, and risk control
was needed.

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