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The strong period of rubber supply is coming, and the supply pressure is still large in the future

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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latam market

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Market situation: Thursday rubber increased positions, RU2001 increased positions, futures prices closed higher
.
The day closed at 12190, +0.
95% from the previous trading day; Volume 329338, position 292510, +7578; basis -690, -105; Ru1-May spread -175, +0
.
NR2002 closed at 10360, +0.
97% from the previous trading day; Volume 6590, position 30476, +266, basis -837, -130, NR2-5 spread -240, -20
.

rubber

News: 1.
Two Chinese private companies want to buy about 260,000 tons of rubber
from Thailand.
2.
Vietnam's natural rubber exports in October increased
year-on-year.
3.
Indonesia's natural rubber exports in September continued to decline
year-on-year.

Market quotation: the quotation of 18-year state-owned whole milk (Yunxiang) in the Shanghai market is 11500 (+50) yuan / ton; Vietnam 3L quotation 11350 (+50) yuan / ton; Thailand No.
3 tobacco tablets 14150 (+50) yuan / ton; Yunnan 19 years full latex 11350 (+0) yuan / ton
.
Thai Hat Yai raw material market raw film 38.
75 (+0.
5) baht/kg; Tai San Tobacco Tablets 40.
35 (+0.
08) THB/kg; field glue 38.
7 (+0) baht/kg; 32.
5 (+0) THB/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1350 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1360 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1360 (+0) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10600 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 441740 tons, +520 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 Top 20 long positions 69281, +3985; short positions 99652, +2757
.
Long and short increase together, headroom decreases
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and with the arrival of the strong supply period, the future supply pressure is still large
.
Recently, the overall operation of Shandong tire enterprises has remained stable, and it is currently in the stage of strict inspection of environmental protection in autumn and winter, and the start of enterprises will be affected from time to time, and short-term tire manufacturers will start work or mainly stabilize
.
In terms of the end market, the sales volume of heavy trucks continued to improve, and near the end of the year, the elimination and renewal policy of diesel trucks under China III stimulated the demand for new vehicles in the heavy truck market, which supported the consumption of natural rubber
.
Technically, the Shanghai rubber RU2001 contract increased its position and rose, paying attention to the pressure around 12250 above, short-term or continuation range wave dynamic trend, it is recommended to trade in the 12000-12250 range; The NR2002 contract is recommended to trade
in the 10200-10400 range for short term.

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