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    Home > Chemicals Industry > New Chemical Materials > Rubber contracts reduce positions and futures prices are weak to the downside

    Rubber contracts reduce positions and futures prices are weak to the downside

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Tuesday, the rubber RU2105 contract reduced its position, and the futures price was weak to the downside
    .
    The current day price closed at 15445, -3.
    01% from the previous trading day; Volume 701963 lots, position volume 187768 lots, -9992, basis -645; RU5-9 spread -100
    .
    The NR2105 contract futures closed at 11630, -2.
    6% from the previous session; Volume 31917 lots, position volume 35295 lots, +1026; NR04-05 spread -130
    .

    rubber

    News: 1.
    On February 25, 2021, Shanghai issued a notice
    on accelerating the implementation plan for the development of the new energy vehicle industry (2021-2025).
    2.
    The area covered by defoliation disease of rubber trees in Thailand exceeds 890,000 rai
    .
    3.
    Thailand, Malaysia and India participated in the first Rubber City and Industry Cooperation Conference
    .

    Market quotation: Shanghai market 19-year state-owned full latex reported 14800 (-550) yuan / ton, Vietnam 3L reported 13950 (-550) yuan / ton, Thailand No.
    3 tobacco film reported 21400 (-550) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1830 (+0) US dollars / ton, Qingdao market STR20 March cargo reported 1840 (+0) US dollars / ton
    .
    Field glue in Hat Yai raw material market in Thailand 59.
    5 (-2) baht/kg; Cup glue 43 (-1.
    3) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 14400 (+0) yuan / ton; The market price of cis-butadiene rubber is 13400 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 167970 tons, - 70 tons; NR warehouse receipt 60358 tons, + 383 tons
    .

    Main positions: RU2105 top 20 long positions 81635, - 5661; short positions 126605, - 6779; long and short are reduced together, net space is reduced
    .

    Summary: On the supply side, in the reduction of global production, supply has gradually entered the low stage
    of the whole year.
    In terms of inventory, domestic inventories rose slightly but less than before the holiday, and due to the recent easing of ship space tension, short-term imports of Tianjiao may be more concentrated
    .
    Downstream, the current tire start quickly returned to normal levels to support natural rubber demand, but due to the sufficient inventory of raw materials of enterprises, short-term procurement is difficult to increase
    rapidly.
    On the macro front, the global epidemic under control, coupled with strong inflation expectations brought about by the new round of stimulus policies in the United States, has supported commodities
    .
    On the market, the RU2105 contract focuses on support around 15250, the NR2105 contract focuses on support around 11450, and the mid-line bargain buying idea operation
    .

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