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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber price volatility intensified, the market continued to pay attention to the upward pressure

    Shanghai rubber price volatility intensified, the market continued to pay attention to the upward pressure

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai rubber RU2109 contract increased its position, and intraday volatility intensified
    The current day price closed at 13810, -1.
    6% from the previous trading day; Volume 651859 lots, position volume 232879 lots, +8806, basis -310; RU5-9 spread - 265
    The NR2107 contract closed at 11140, -1.
    15% from the previous session; Volume 12941 lots, position volume 24327 lots, +1593; NR06-07 spread -135

    Shanghai rubber

    News: 1.
    In the first quarter of 2021, Vietnam's imports from China increased
    Thailand's exports of tianjiao in the first quarter increased by 11% year-on-year, while mixed rubber decreased by 27%.

    Thai media: Thai rubber bureau released 104,000 tons of inventory, competition became fierce

    Market quotation: Shanghai market 19-year state-owned full latex reported 13500 (+150) yuan / ton, Vietnam 3L reported 13200 (+150) yuan / ton, Thailand No.
    3 tobacco film reported 19900 (+150) yuan / ton
    Qingdao market STR20 stock spot reported 1695 (+5) US dollars / ton, Qingdao market STR2 0 April cargo reported 1685 (+5) US dollars / ton
    Hainan state-owned glue into the whole dairy plant 11700 (+0) yuan / ton, into the concentrated milk plant 13900 (-300) yuan / ton
    The price of glue in Mengla area of Yunnan refers to 12.
    2 yuan / kg
    Thailand Hat Yai raw material market field glue 59 (+0.
    7) baht/kg; Cup glue 43.
    9 (+0.
    25) baht/kg
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber in North China 1502 market price 13900 (+0) yuan / ton; The market price of cis-butadiene rubber is 12500 (+0) yuan / ton

    Warehouse receipt inventory: RU warehouse receipt 174980 tons, + 900 tons; NR warehouse receipts 55,087 tonnes, -605 tonnes
    Main positions: RU2109 top 20 long positions 102530, + 4010; short positions 152098, + 7515; long and short increase, net short increase

    Summary: On the supply side, northern Thailand has entered the cutting period, and the recent rainfall in the main production areas of the world is slightly more, which is conducive to the growth of
    rubber trees.
    The overall cutting rate in the Banna area of Yunnan is still low, the glue output is small, and the competition for raw materials between processing plants is obvious; The mainstream area in the middle of Hainan production area has entered the state of cutting, and the demand for concentrated milk for downstream products medical gloves has obvious signs of weakening, and the price difference between glue entering the latex plant and entering the whole dairy plant has narrowed
    Downstream, factory export market shipments slowed down, domestic sales were slightly weak, manufacturers' finished product inventories increased, coupled with the moderate reduction of production schedules in some areas due to environmental protection, tire operating rate decreased
    On the market, the RU2109 contract rushed back down, and the market continued to pay attention to the pressure
    around 14200.

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