echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Rubber slight oscillation partial thinking treated

    Rubber slight oscillation partial thinking treated

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The rubber RU2009 contract fluctuated slightly on Wednesday, and the futures price rose
    slightly.
    The current day price closed at 10035, +0.
    2% from the previous trading day; Volume 171842 lots, position volume 169701 lots, +781, basis -235; RU9-1 spread -1345
    .
    The NR2006 contract futures closed at 8220, -0.
    3% from the previous session; Volume 3417 lots, position volume 12330 lots, +308; NR5-6 spread -160
    .

    rubber

    News: 1.
    According to Longzhong information statistics, as of the week of April 9, the operating rate of domestic semi-steel tire manufacturers was 61.
    07%, down 3.
    23% month-on-month and 6.
    18% year-on-year; The operating rate of all-steel tire manufacturers was 64.
    49%, down 2.
    00% month-on-month and 7.
    62%
    year-on-year.
    2.
    Vietnam's exports of tianjiao in March fell year-on-year, and the export of mixed rubber to China fell by 50
    % year-on-year.
    3.
    In February 2020, Malaysia's tianjiao production decreased
    year-on-year.

    Market quotation: Shanghai market 18-year state-owned full latex reported 9800 (+0) yuan / ton, Vietnam 3L reported 10000 (+0) yuan / ton, Thailand No.
    3 tobacco film reported 12100 (+0) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1150 (+10) US dollars / ton, Qingdao market STR20 April cargo reported 1155 (+10) US dollars / ton
    .
    Thai Hat Yai raw material market raw film 37.
    49 (-0.
    06) baht/kg; Tai San tobacco tablets 39.
    81 (+0.
    02) baht/kg; field glue 37.
    1 (+0.
    7) baht/kg; Cup gum 27 (+0.
    3) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 7900 (+0) yuan / ton; The market price of cis-butadiene rubber is 7600 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 235420 tons, -50 tons; NR warehouse receipt 67,052 tons, +202 tons
    .
    Main positions: RU2009 top 20 long positions 77306, +718; short positions 119765, +911; long and short increase, net short increase
    .

    Summary: From the current fundamental point of view, the domestic Yunnan and Hainan production areas have postponed cutting, and overseas raw materials have fallen to historical lows
    .
    In the downstream, the operating rate of domestic tire factories has recently declined month-on-month, affected by the reduction of export orders and the slowdown in domestic shipments, some companies have begun to reduce negative control of finished product inventory, and the later operating rate is still likely
    to decline.
    In addition, the low price of crude oil has caused the price of synthetic rubber to follow the decline, which has a certain drag
    on the price of natural rubber.
    Due to the slow recovery of demand, rubber stocks in Qingdao have continued to rise recently, and the later destocking process may be longer
    than in previous years.
    International oil prices have weakened again, which may drag down rubber prices, and it is recommended to treat the shock with a bearish idea
    .

    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.