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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber rushed back down and the futures price closed slightly lower

    Shanghai rubber rushed back down and the futures price closed slightly lower

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: Shanghai rubber rushed back down, RU1909 increased its position, and the futures price closed slightly lower
    .
    The day closed at 11840, -0.
    38% from the previous session; 380882 volume; Position 399456, +5366, basis -490, +140, Ru5-September spread -180, +80
    .

    Shanghai rubber

    News: 1.
    Vietnam's natural rubber exports in March increased by more than
    30% year-on-year.
    In February and March, China's imports of natural and synthetic rubber increased by 56.
    6%
    month-on-month.
    3.
    South Korea's exports of synthetic rubber in the first quarter fell by 1.
    4% year-on-year, and exports to China fell by 8.
    6%.

    Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 11350 (+50) yuan / ton; Vietnam 3L quotation 11350 (0) yuan / ton; Thailand No.
    3 tobacco tablets 13200 (+50) yuan / ton; Yunnan 18 years full latex 11600 (0) yuan / ton
    .
    April 15 is Thailand's Songkran festival, and the raw material market is closed
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11000 (0) yuan / ton; The market price of cis-butadiene rubber is 11400 (0) yuan / ton
    .

    Warehouse receipt stock: warehouse receipt 424590 tons, +110 tons
    .
    Main positions: Top 20 long positions 102094, -35; short positions 136960, +2225
    .
    Reduce more and increase the short, and increase the headroom
    .

    At present, the domestic production areas have been cut one after another, and the purchase price is slightly higher than the same period
    last year.
    In terms of imports, Vietnam's exports increased sharply in March, resulting in a sharp increase in the number of imported sky rubber in China, and in the later period, with the increase in supply in Southeast Asia, domestic imports will still increase
    significantly.
    From the perspective of inventory, exchange inventory and inventory outside the bonded zone have continued to increase, and supply pressure is still obvious
    .
    On the demand side, the recent operation of domestic tire factories has remained relatively good, but from the export data, the export decline in the first quarter of this year is obvious, and the demand side is not optimistic
    .
    Technically, the RU1909 contract is focused on pressure around 12000, with short-term recommendations for trading
    in the 11700-12000 range.

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