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    Home > Chemicals Industry > New Chemical Materials > Rubber contracts increased their positions and increased their futures prices to close higher

    Rubber contracts increased their positions and increased their futures prices to close higher

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Thursday, the rubber RU2105 contract increased its position, and the futures price closed higher
    .
    The current price closed at 14875, +3.
    51% from the previous trading day; Volume 655782 lots, position volume 221706 lots, +8264, basis -1125; RU5-9 spread -50
    .
    The NR2103 contract futures closed at 11015, +3.
    57% from the previous session; Volume 22413 lots, position volume 29967 lots, +1368; NR03-04 spread -95
    .

    rubber

    News: 1.
    Malaysia's new confirmed cases and infection groups have both set new highs
    .
    2.
    The second phase of the special action to strengthen air pollution control in Shandong Province from winter 2020 to spring 2021 will be mobilized and deployed
    .
    3.
    Prime Minister of the Vietnamese Government: Suspend flights
    to Vietnam from countries and regions with new variants of the new crown.
    4.
    The freight rate of China and East Asia to Northern Europe reached a record high
    .

    Market quotation: Shanghai market 19-year state-owned full latex reported 13750 (+100) yuan / ton, Vietnam 3L reported 13350 (+100) yuan / ton, Thailand No.
    3 tobacco film reported 19450 (+450) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1630 (-5) US dollars / ton, Qingdao market STR20 January cargo reported 1630 (-5) US dollars / ton
    .
    Thailand Hat Yai raw material market field glue 52 (+1) baht/kg; Cup gum 38.
    65 (+0.
    15) baht/kg
    .
    Hainan state-owned glue into the whole dairy plant to produce whole milk 12500 (+0) yuan / ton, into the concentrated milk factory to produce concentrated milk 13200 (+0) yuan / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 11100 (+0) yuan / ton; The market price of cis-butadiene rubber is 10200 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 161270 tons, +0 tons; NR warehouse receipt 47698 tons, + 403 tons
    .
    Main positions: RU2105 Top 20 Long Positions 102125, +7678; Short Positions 144401, +2545; Long and Short Increase, Net Margin Decrease
    .

    Summary: At present, the domestic production areas have entered the period of suspension, although Thailand is still in the peak production period, but the epidemic in Southeast Asia continues to spread, the lockdown measures continue to tighten, coupled with the tight ship space and high freight rates, there is an expectation of reduction in production and export volume; In addition, there is still a warning of heavy rainfall in southern Thailand in recent days, and it is heard that there is leaf fall in some areas, and the supply of raw materials is slightly tight
    .
    In terms of inventory, as of the end of December, domestic dark rubber stocks stopped falling slightly week-on-week, significantly higher than the same period last year; Light-colored rubber inventories rose slightly week-on-week, still significantly lower than the same period last year; Futures inventories continue to accumulate, but at a slower
    pace.
    On the demand side, Shandong environmental protection production restrictions lifted, tire starts are expected to rise month-on-month, considering that the end of January may be early peak shift, tire factories generally pull up the inventory of finished products, short-term demand for natural rubber has been boosted, but the medium-term operating rate will continue to be constrained by tight containers and rising sea freight
    .

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