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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber shock closed down, the overall supply and demand loose situation remained unchanged

    Shanghai rubber shock closed down, the overall supply and demand loose situation remained unchanged

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Domestic market: On Wednesday, the main 1709 contract of Shanghai rubber increased its position, and Shanghai rubber closed down, and the price closed at 15095 yuan / ton on the same day, down 0.
    59% from the previous trading day, increasing its position by 4684 lots, with 507724 lot of transactions
    .

    Shanghai rubber

    News: 1.
    As of May 2, rubber stocks in Qingdao Free Trade Zone increased by 13.
    5%.

    Sales of heavy-duty trucks in February and April increased by 50% y/y to 103,000 units, setting a new high
    in the past six years from 2012 to 2017.

    Spot: the 15-year quotation of state-owned full latex in Shanghai natural rubber market is 14000 (-50) yuan / ton; Vietnam's 3L quotation is 14600 (-100) yuan / ton; 15 years Thailand No.
    3 tobacco flakes 15100 (-100) yuan / ton; RMB mixed rubber 13800 (+300) yuan / ton
    .
    Thai Hat Yai raw material market raw film 71.
    28 (+0.
    19) baht/kg; Tai San Tobacco Tablets 75.
    11 (-0.
    38) THB/kg; Field glue 64 (+0) baht/kg; Cup glue 50 (+0) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 14200 (0) yuan / ton; The market price of cis-butadiene rubber is 15200 (0) yuan / ton
    .

    At present, from a fundamental point of view, the operating rate of semi-steel tires and all-steel tires in domestic tire factories are lower than the same period last year, and some parts of the south are in the rainy season, and vehicle transportation has been affected to a certain extent, affecting the utilization rate of tires, which in turn has led to a decline in operation and reduced downstream tire demand
    .
    In April 2017, the domestic heavy-duty truck market sold a total of about 103,000 vehicles of various types, a significant increase of 50% over the same period last year of 68,900 units, and a decrease of 10% month-on-month, setting a new high in the same period from 2012 to 2017, but demand was less than expected
    .

    From the perspective of circulation, as of May 2, 2017, the rubber inventory in Qingdao Free Trade Zone rose sharply to 249,800 tons, a significant increase of 29,700 tons, or 13.
    5%, from 200,100 tons in mid-April, and the overall inventory gradually increased; Southeast Asia ushered in a new season of rubber tapping, superimposed on Thailand's 107,000 tons of inventory without enterprise bidding, and the supply further increased
    .
    On the whole, the loose supply and demand situation remains unchanged
    .
    The Shanghai rubber 1709 contract focuses on support around 14800 in the short term, and it is recommended to trade
    in the 14800-15600 range.

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