echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber contract reduced its position and increased the futures price continued to close higher

    Shanghai rubber contract reduced its position and increased the futures price continued to close higher

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the Shanghai rubber RU2201 contract reduced its position and increased, and the futures price continued to close higher
    .
    The current day price closed at 13780, +1.
    81% from the previous trading day; 295600 lots, position volume 183788 lots, -11661, standard basis -1080; Non-standard basis -1730; RU9-1 spread -905
    .
    The NR2111 contract closed at 11135, +3.
    39% from the previous session; The volume is 24102 lots, the position is 15052 lots, -3242, and the NR11-12 spread is 75
    .

    Shanghai rubber

    News: 1.
    In July 2021, Malaysia's production of tianjiao continued to increase year-on-year, while domestic consumption declined
    .
    2.
    In the first 8 months of 2021, Indonesia's exports of sky rubber increased by 6.
    7% year-on-year, while mixed rubber decreased by 82%.

    3.
    China Association of Automobile Manufacturers: August vehicle sales decreased 17.
    8% y/y to 1.
    799 million units
    .

    Market quotation: Shanghai market 19 years state-owned full latex reported 12700 (+100) yuan / ton, Vietnam 3L reported 12700 (+100) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1710 (+10) US dollars / ton, Qingdao market STR20 October cargo reported 1690 (+10) US dollars / ton
    .
    Qingdao area RMB Thai mix 12050 (+100) yuan / ton, RMB horse mix 11950 (+100) yuan / ton
    .
    Hainan state-owned glue into the whole dairy plant 11700 (+0) yuan / ton, into the concentrated milk plant 11900 (+0) yuan / ton
    .
    The purchase price of glue in dry rubber factory in Yunnan production area refers to 11.
    5-11.
    9 (0/0) yuan/kg, and the purchase price of glue in concentrated latex plant refers to 11.
    6-11.
    9 (0/0) yuan/kg
    .
    Field glue in Hat Yai raw material market in Thailand 47.
    3 (+0.
    3) baht/kg; Cup glue 44.
    9 (+0.
    45) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 12500 (+0) yuan / ton; The market price of cis-butadiene rubber is 13300 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 198810 tons, - 270 tons; NR warehouse receipts 28,778 tons, - 403 tons
    .
    Main positions: RU2201 top 20 long positions 81435, - 3578; short positions 118759, -5914; long and short are reduced together, net space is reduced
    .

    Summary: The rainfall in the main producing areas in the coming week will be significantly reduced, and the impact on the rubber tapping work is expected to weaken.

    Due to the serious delay of shipping schedules in August, the import volume of natural rubber fell sharply year-on-year, and the market generally expects that imports can only increase significantly from October
    .
    In terms of inventory, the recent consumption in Qingdao exceeded market expectations, which still supports
    prices.
    On the demand side, factories still have production control under the pressure of finished product inventory, some factories in Dongying area of Shandong have production suspension and production restrictions, coupled with environmental protection inspectors, the operating rate of tire factories fell sharply last week, and it is expected to remain low in
    the short term.

    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.