echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber reduced its position and the futures price fell slightly

    Shanghai rubber reduced its position and the futures price fell slightly

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Thursday, the main 1805 contract of Shanghai Rubber reduced its position, and the futures price fell
    slightly.
    The price closed at 12130 yuan / ton, down 0.
    49%, reducing positions by 6754 lots, and trading 282496 lots
    .

    Shanghai rubber

    News: Thailand's exports of Tianjiao in January and February increased slightly by 0.
    5%
    year-on-year.
    2.
    In January, US synthetic rubber imports increased by 5.
    0% year-on-year, and exports fell by 14.
    2%
    year-on-year.

    In terms of spot: the quotation of state-owned whole milk in the Shanghai market for 16 years was 11300 (0) yuan / ton; Vietnam's 3L quotation is 11300 (0) yuan / ton; Thailand No.
    3 tobacco flakes 14000 (-100) yuan / ton
    .
    Thai Hat Yai raw material market raw film 45.
    52 (+0.
    15) baht/kg; Tai San Tobacco Tablets 49 (+0.
    7) THB/kg; Field glue 46.
    5 (-1) baht/kg; Cup gum 36.
    5 (0) baht/kg
    .

    Synthetic rubber: Qilu petrochemical styrene rubber 1502 market price in East China 12100 (0) yuan / ton; The market price of cis-butadiene rubber is 12000 (0) yuan / ton
    .

    From the perspective of inventory, the inventory of Qingdao Free Trade Zone has declined, indicating that domestic spot began to destock during the shutdown period, and follow-up attention can be paid to whether inventory can continue to decline
    .

    From the downstream situation, the operating rate of tire factories has increased recently, but the price of raw materials such as carbon black, chemical additives, steel wire, cord and other raw materials has risen sharply, as well as under high pressure of environmental protection, all of which have a direct impact
    on the operation of tire factories.
    The Shanghai rubber 1805 contract is recommended to trade
    in the 12000-12700 range for short term.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.