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    Home > Chemicals Industry > New Chemical Materials > June 28 Shanghai rubber morning review

    June 28 Shanghai rubber morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Shanghai rubber 1609 contract short-term focus on the pressure around 11500, it is recommended to trade
    in the 11000-11500 range.
    The overnight Shanghai rubber 1609 contract rose 0.
    85% to close at 11210 yuan / ton
    .

    Shanghai rubber

    Crude oil futures posted their biggest two-day percentage drop in a row, since February, as a stronger dollar and investors sought safe haven pushed oil prices back.

    NYMEX crude oil futures for August ended down 2.
    7 percent at $
    46.
    33 a barrel.

    Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10600 (+200) yuan / ton; Vietnam's 3L quotation is at 10600 (+100) yuan / ton; 15 years Thailand No.
    3 smoke 12300 (+250) yuan / ton; RMB mixed rubber 9800 (-200) yuan / ton
    .
    Thai Hat Yai raw material market raw film 53.
    29 (-0.
    24) baht/kg; Tai San tobacco tablets 55.
    79 (+0.
    7) baht/kg; Field glue 47 (-2.
    5) baht/kg; Cup glue 38.
    5 (-0.
    5) baht/kg
    .
    Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 10300 yuan / ton (0), cis-butadiene rubber market price 10500 yuan / ton (0).

    News side: 1.
    Thai customs: rubber exports in May 2016 fell
    year-on-year.
    2.
    Brexit causes car companies to slow down the pace of investment A separate trade agreement may be on the agenda
    .

    Warehouse receipt inventory: Exchange warehouse receipts were reported at 299,300 tons, a decrease of 230 tons
    .

    Inventories in Qingdao Free Trade Zone fell, while heavy-duty truck sales continued to grow sharply year-on-year in May, and China's tire exports rose 9%, indicating that downstream demand was performing well
    .
    With the successive opening of domestic rubber production areas, the supply of raw materials began to increase, and the price of glue fell, but the absolute price of Shanghai rubber is currently low, and there is still strong support
    at the 10,000 yuan mark.

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