echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Pessimism affected Shanghai rubber fell sharply

    Pessimism affected Shanghai rubber fell sharply

    • 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

    On Monday, the Shanghai rubber market continued to fall sharply under market pessimism, and once touched the limit during the session
    .
    The main 1609 contract closed at 10295 yuan / ton, down 5.
    25%, reducing its position by 3246 lots, and trading 890038 lots
    .

    Shanghai rubber

    In terms of spot: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10000-10100 (-450/-350) yuan / ton; Vietnam's 3L quotation is at 10600 (-400) yuan / ton; 15 years Thailand No.
    3 smoke 11600 (-250) yuan / ton; RMB mixed rubber 9900-9950 (0/+50) yuan/ton
    .
    Thai Hat Yai raw material market raw film 56.
    23 (-2.
    06) baht/kg; Tai San Tobacco Tablets 58.
    59 (-1.
    58) THB/kg; Field glue 56 (-2) baht/kg; Cup gum 42 (-3) baht/kg
    .

    News: 1.
    The US auto market will see a year-on-year decline of 5.
    7% in May
    .
    2.
    Sri Lanka cuts export taxes
    on raw film.

    At present, the inventory in Qingdao Free Trade Zone is still declining, and the sales volume of heavy trucks in April increased year-on-year and expanded, indicating that demand is gradually picking up
    .
    The operating rate of downstream tire factories has declined, and slightly lower than the same period last year, with the domestic rubber production area has been cut one after another, raw material supply and demand is tight or eased, but due to the impact of dry weather in the early stage, the supply of production areas has not yet increased
    .
    The Shanghai rubber 1609 contract continued to fall sharply, and once touched the drop limit, below pay attention to the 10,000 integer mark support, chasing short needs to be cautious
    .

    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.