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    Home > Chemicals Industry > New Chemical Materials > April 18 Shanghai rubber morning review

    April 18 Shanghai rubber morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Friday, the center of gravity of Shanghai rubber 1609 contract price also fell steadily, the lowest fell to 12310 yuan / ton, and as of the close, Shanghai rubber fell slightly by -1.
    79% or -225 yuan / ton, with a trading volume of 904940 lots, a slight increase from yesterday; Holdings fell sharply by 8,154 lots to 318,930
    .
    Crude oil futures closed lower on expectations that the Doha meeting would do little to eliminate the oversupply, and crude oil electronics opened sharply lower than 8 percent
    on Monday morning as the freeze agreement fell short over the weekend.
    The overnight Shanghai rubber 1609 contract fell 1.
    35% to close at 12385 yuan / ton
    .

    Shanghai rubber

    Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 11850-11950 (+100/+100) yuan / ton; Vietnam's 3L quotation is 12800-12900 (+100/+100) yuan/ton
    .
    Thai Hat Yai raw material market raw film 52.
    55 (0) baht/kg; Tai San tobacco tablets 56.
    66 (0) baht/kg; Field glue 55.
    5 (0) baht/kg; Cup glue 45 (0) baht/kg
    .
    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12800 yuan / ton (0), cis-butadiene rubber market price 11800 yuan / ton (0).

    News: 1.
    As of mid-April 2016, rubber stocks in Qingdao Free Trade Zone fell by 3.
    4%.

    2.
    Extended rubber tire sales in the first quarter of 2016 increased by 52%.

    Warehouse receipt inventory: Exchange warehouse receipts reported 258220 tons, an increase of 1930 tons
    .

    Thailand's government procurement of tobacco chips and Indonesia's storage and storage pushed up the price of overseas raw materials, while inventory in Qingdao Free Trade Zone is still declining, the operating rate of downstream tire factories has continued to rise, and manufacturers have accelerated stocking
    .
    In addition, affected by the tight supply of butadiene, the quotation of synthetic rubber remains strong, which has a certain boost effect
    on natural rubber.
    However, the rapid rise in the previous futures price also increases the risk of futures price correction, coupled with the heavy decline in the crude oil market, today's Shanghai rubber 1609 contract or weak operation trend, it is recommended to back the 12400-12500 range short, short-term target 12000, pay attention to risk control
    .

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