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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber futures prices closed down, there was pressure and support below

    Shanghai rubber futures prices closed down, there was pressure and support below

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai rubber RU2109 contract increased its position, and the futures price closed lower
    .
    The current price closed at 13970, -2.
    61% from the previous trading day; Volume 369115, position 202242 lot, +21128, basis -520; RU5-9 spread -210
    .
    The NR2106 contract futures closed at 10985, -3.
    13% from the previous session; Volume 15367 lots, position volume 35157 lots, +195; NR06-07 spread -145
    .

    Shanghai rubber

    News: 1.
    According to the First Commercial Vehicle Network, in March 2021, China's heavy-duty truck market is expected to sell about 220,000 models of various types, a sharp increase of 86% month-on-month and a sharp increase of 83%
    year-on-year.
    The sales volume of heavy-duty trucks in March 2021 set a new historical record
    for sales in the heavy-duty truck market in March.
    2.
    According to the Thai Maritime Merchants Association, Thailand's export growth rate in 2021 is estimated to be between 4-5%, which is still a concern about the international logistics situation, which may affect the performance of
    Thailand's exports and investment.
    3.
    Many Chinese ministries and commissions decided to jointly organize a new round of new energy vehicle rural activities
    .

    Market quotation: Shanghai market 19 years state-owned full latex reported 13450 (-150) yuan / ton, Vietnam 3L reported 13150 (-150) yuan / ton, Thailand No.
    3 tobacco film reported 19850 (-200) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1715 (-10) US dollars / ton, Qingdao market STR20 April cargo reported 1710 (-10) US dollars / ton
    .
    Hainan state-owned glue into the whole dairy plant 12000 (+0) yuan / ton, into the concentrated milk plant 15000 (+0) yuan / ton
    .
    Field glue in Hat Yai raw material market in Thailand 60.
    2 (+0) baht/kg; Cup gum 44.
    35 (+0.
    15) 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 13700 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 171990 tons, + 70 tons; NR warehouse receipts 56,468 tons, - 322 tons
    .
    Main positions: RU2109 Top 20 long positions 89807, +10922; short positions 128933, +10708; long and short increased, net short decreased
    .

    Summary: From the supply side, the current global production of tianjiao is in a seasonal low production period, and the domestic Yunnan production area is affected by drought and powdery mildew.
    Some areas of Hainan production area are cut ahead of schedule, but the price of Hainan state-owned glue into the concentrated milk plant is far higher and the water enters the whole milk plant, considering that the supply of raw materials in the early stage of cutting is small, and it will still face concentrated milk diversion, and it is difficult to increase the production of whole milk rapidly
    .
    From a downstream point of view, the operating rate of domestic tire factories has been stable in the near future, and the current factory export orders are sufficient, but domestic sales are slightly weak, and the rise in raw materials has driven the price of finished tires to rise, but the terminal market has started relatively slowly, the price increase transmission is not smooth, and the inventory of dealers is rising
    .
    On the market, the RU2109 contract increased its position and closed down, and the short-term futures price was supported under pressure, and it was recommended to trade in the 13950-14300 range; The NR2106 contract is recommended to trade
    in the 10800-11300 range.

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