echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > April 29 Shanghai rubber morning review

    April 29 Shanghai rubber morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Oil prices rose on Thursday as U.
    S.
    benchmark crude contracts settled above $46 a barrel for the first time
    since early November.
    The NYMEX June crude futures contract closed up 1.
    5 percent at $46.
    03 a barrel
    .
    Domestic Shanghai rubber futures once again showed a downward trend under pressure, the main 1609 contract price of Shanghai rubber continued the trend of volatility and decline yesterday night, continued to maintain a weak shock sorting in early trading, the center of gravity of the futures price steadily shifted, the lowest fell to 12585 yuan / ton, as of the close of Shanghai rubber 1609 contract fell sharply -2.
    23% or -290 yuan / ton
    .

    Shanghai rubber

    News: 1.
    Nissan's global production increased by 6% in March, and exports fell sharply by 18%.

    2.
    Goodyear Tire revenue and net profit declined
    in the first quarter.
    3.
    The size of the British tire market may exceed 6 billion US dollars
    .

    Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 12050-12100 (-350/-350) yuan / ton; Vietnam's 3L quotation is 12900-13000 (-100/-50) yuan/ton; Thailand No.
    3 tobacco tablets 13300 (-300) yuan/ton; RMB mixed rubber 11550-11600 yuan / ton
    .
    Thai Hat Yai raw material market raw film 60.
    17 (+0.
    02) baht/kg; Tai San tobacco tablets 64.
    5 (+0.
    49) baht/kg; Field glue 62 (0) baht/kg; Cup glue 50.
    5 (+0.
    5) baht/kg
    .
    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 12700 yuan / ton (0), cis-butadiene rubber market price 11700 yuan / ton (-100).

    Warehouse receipt inventory: Exchange warehouse receipts reported 264,680 tons, an increase of 990 tons
    .

    Thailand's government procurement of tobacco tablets and Indonesia's storage and storage pushed up overseas raw material prices, while Qingdao Free Trade Zone inventory is still declining, and the operating rate of downstream tire factories has continued to rise, but with the rise in raw material prices, tire factory profits are compressed, and the market needs to pay attention to the operating rate
    .
    In addition, the domestic rubber production areas have been cut one after another, and the Yunnan production area has ushered in a full cut, and the supply and demand of raw materials are tight or alleviated
    .
    Overnight, the Shanghai rubber 1609 contract closed slightly higher, facing 12900 first-line pressure in the short term, and it is recommended to trade
    in the 12500-13000 range in the short term.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.