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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber reduced its position and reduced its futures price slightly

    Shanghai rubber reduced its position and reduced its futures price slightly

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    On Monday, the main 1905 contract of Shanghai rubber reduced its position and contracted, and the futures price fell
    slightly.
    The price closed at 11,350 yuan / ton, down 0.
    09% from the previous trading day, reducing 266 lots and trading 220598 lots
    .

    Shanghai rubber

    News: 1.
    Tariff adjustment in 2019: the provisional tax rate
    will be implemented for imported tianjiao.
    2.
    Bridgestone invested USD 100 million to expand the production capacity
    of the plant in Mexico.

    Spot: the 17-year quotation of state-owned whole milk (Yunxiang) in the Shanghai market is 10600 (-50) yuan / ton; Vietnam 3L quotation 10350 (0) yuan / ton; Thailand No.
    3 tobacco flakes 11950 (-50) yuan/ton; Yunnan 17 years full latex 10350 (+50) yuan / ton
    .
    Thai Hat Yai raw material market raw film 40.
    91 (+0.
    04) baht/kg; Tai San tobacco tablets 43.
    63 (+0.
    02) baht/kg; Field glue 38.
    5 (0) baht/kg; Cup gum 34.
    5 (+0.
    5) baht/kg
    .

    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11600 (0) yuan / ton; The market price of cis-butadiene rubber is 11700 (+100) yuan / ton
    .
    On December 21, the market offer enthusiasm of Qingdao Free Trade Zone was acceptable, the enthusiasm of inquiry was acceptable, the transaction price of US dollar rubber fell, and the transaction price of RMB rubber fell
    .

    Although the domestic natural rubber production areas have entered a period of reduction as a whole, the main producing areas of Southeast Asian rubber have entered the peak season of rubber tapping, and this year's global production of sky rubber will still maintain a growth momentum, and the future supply pressure is still large
    .

    Downstream, the seasonal sales of tire factories tend to be better, and the increase in export tax rebates of tire products is beneficial to the tire industry, but the sales of domestic heavy trucks are not optimistic
    .
    However, at present, the price of Shanghai rubber is close to the domestic rubber tapping cost line, and the futures price has limited
    room for decline.
    The short-term Shanghai rubber 1905 contract is recommended to trade
    in the range of 11100-11700.

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