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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber holdings have decreased and supply pressure is still obvious

    Shanghai rubber holdings have decreased and supply pressure is still obvious

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    In the market situation, Shanghai rubber positions decreased, RU1905 reduced positions and increased, and futures prices closed down
    .
    The day closed at 11850, -1.
    5% from the previous session; 354064 volume; Position 280584, -2004, basis -500, -20, Ru5-September spread -235, +20
    .

    Shanghai rubber

    News: 1.
    Malaysia's natural rubber production in January increased by 36%.

    2.
    In the first two months, Vietnam's tianjiao exports increased by 22.
    4%.

    3.
    Guizhou Tire will invest 500 million US dollars to build a factory
    in Vietnam.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11350 (-200) yuan / ton; Vietnam's 3L quotation is 11350 (-150) yuan/ton; Thailand No.
    3 tobacco flakes 13100 (-150) yuan/ton; Yunnan 18 years full latex 11750 (-100) yuan / ton
    .
    Thai Hat Yai raw material market raw film 48.
    12 (+0.
    01) baht/kg; Tai San Tobacco Tablets 53 (+0.
    5) THB/kg; field glue 50.
    75 (+0.
    25) baht/kg; Cup glue 40 (-0.
    5) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11500 (0) yuan / ton; The market price of cis-butadiene rubber is 11700 (0) yuan / ton
    .

    Warehouse receipt inventory: warehouse receipt 426160 tons, +800
    .
    Main positions: the top 20 long positions 72311, +1120, short positions 93540, -567
    .
    More increase and decrease, less headroom
    .

    At present, the global natural rubber producing areas have entered a low production period, and the rubber export tonnage of India, Malaysia and Thailand three countries plan to boost the Shanghai rubber market, but the actual effect is limited
    .
    Recently, the domestic tire factory operation is generally good
    .
    Although China's rubber imports continued to decline year-on-year in February, from the perspective of inventory, exchange inventory and inventory outside the bonded zone continued to increase, and the supply pressure was still obvious
    .
    Technically, the RU1905 contract focuses on support for futures prices around 11700 below, and short-term recommendations are to trade
    in the 11700-12200 range.

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