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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber contract reduced its position and reduced its volume, and the futures price closed slightly higher

    Shanghai rubber contract reduced its position and reduced its volume, and the futures price closed slightly higher

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai rubber RU2201 contract reduced its position and contracted, and the futures price closed slightly higher
    .
    The current day price closed at 13820, +0.
    58% from the previous trading day; Traded 265375 lots, position volume 206162 lots, -5038, standard basis -1070; Non-standard basis -1670; RU9-1 spread - 885
    .
    The NR2111 contract closed at 10840, +0.
    98% from the previous session; The volume is 12415 lots, the position is 19889 lots, +357; NR10-11 spread is -90
    .

    Shanghai rubber

    News: 1.
    China Association of Automobile Manufacturers: August automotive sales are expected to reach 1.
    711 million units, down 21.
    8%
    y/y.
    February and August Malaysia Rubber Production Subsidy (IPG) has not yet been launched
    .
    3
    .
    Vietnam has actively taken measures to ensure smooth customs clearance of goods during the epidemic.

    Market quotation: Shanghai market 19-year state-owned full latex reported 12750 (+200) yuan / ton, Vietnam 3L reported 12700 (+100) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1730 (+15) US dollars / ton, Qingdao market STR20 October cargo reported 1720 (+15) US dollars / ton
    .
    Qingdao area RMB Thai mix 12150 (+100) yuan / ton, RMB horse mix 12100 (+100) yuan / ton
    .
    Hainan state-owned glue into the whole dairy plant 11900 (+0) yuan / ton, into the concentrated milk plant 12200 (+0) yuan / ton
    .
    The purchase price of glue of dry rubber factory in Yunnan production area refers to 11.
    8-12.
    1 (-0.
    1/-0.
    1) yuan/kg, and the purchase price of glue of concentrated latex plant refers to 11.
    9-12.
    1 (-0.
    2/-0.
    1) yuan/kg
    .
    Field glue in Hat Yai raw material market in Thailand 48.
    7 (+0) baht/kg; Cup gum 44.
    8 (+0.
    35) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 12800 (+0) yuan / ton; The market price of cis-butadiene rubber is 13700 (+0) yuan / ton
    .

    Warehouse receipt stock: RU warehouse receipt 194370 tons, + 1890 tons; NR warehouse receipts 29,555 tons, - 606 tons
    .
    Main positions: RU2201 Top 20 long positions 89822, - 1667; short positions 133901, - 2296; long and short are reduced together, net space is reduced
    .

    Summary: Rainfall in the main producing areas is expected to increase recently, and the impact on rubber tapping still exists
    .
    In August, due to the delay of the shipping schedule is still relatively serious, the import volume of natural rubber is expected to decrease slightly month-on-month, and the market generally expects that the import volume will increase significantly from October
    .
    In terms of inventory, as of the week of August 29, China's tianjiao inventory growth rate was eliminated, dark rubber fell more than expected, and light-colored rubber accumulation accelerated
    .
    Yunnan's alternative planting target is issued, the number of local storage will increase rapidly, and it is expected that the light-colored rubber accumulation warehouse will accelerate
    .
    On the demand side, under the pressure of finished product inventory, factories still have production control behavior, some factories in Dongying area of Shandong have production suspension and production restrictions, coupled with environmental protection inspectors, the overall start level continued to decline last week, because environmental protection inspections will continue until the end of the month, it is expected that short-term construction is difficult to recover significantly
    .

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