echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Spot price inversion cost Shanghai rubber market sales volume shrinked

    Spot price inversion cost Shanghai rubber market sales volume shrinked

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    At present, the spot shipment price of natural rubber is inverted cost, and the replenishment demand of the Shanghai rubber market generally chooses not to buy and fall
    .
    Recently, affected by environmental protection, artificial production control and other reasons, since mid-to-late March, the start of domestic tire companies has declined, many tire companies in March reported that the situation of goods is not good, last month's replacement market sales volume significantly reduced month-on-month, some non-three-pack tire companies even issued price decline notices
    .
    At present, the pressure of tire social inventory is high, and the enthusiasm of short-term dealers to take goods may be limited
    .

    Shanghai rubber

    Spot price: Shanghai market 15 years Yunxiang state-owned whole milk quotation of 15500 yuan / ton (+0).

    Qingdao area Thai RMB mixed rubber 16000 yuan / ton (+0), Vietnam 3L mixed rubber quotation 16000-16100 yuan / ton (+0), Thailand 3# tobacco tablets 16300-16500 yuan / ton (+0).

    Free Trade Zone, RSS3 Honmanli Tobacco Tablets 2150 USD/ton (+0); The spot cargo of Thailand Standard is 1850-1900 US dollars / ton (+15), and the cargo of April to June is 1860-1900 US dollars / ton (+15).

    Externally, RSS3# is trading at $2440/ton (+50), and STR20# is trading at $1980-1990/ton (+0).

    Thailand's raw material purchase prices rose, raw film 70.
    81, up 1.
    93; smoke film 74.
    64, up 1.
    85; glue 66.
    00, flat; cup glue 56.
    00, up 0.
    50 (baht/kg).

    Stocks: As of the end of March 2017, the inventory of rubber (15490, -575.
    00, -3.
    58%) in Qingdao Free Trade Zone continued to rise to 197,900 tons, up 10,900 tons, or 5.
    83%,
    from 187,000 tons in mid-March.
    Among them, natural rubber was 144,800 tons, an increase of 7,300 tons, an increase of 5.
    31%; synthetic rubber 48,700 tons, an increase of 03,600 tons, an increase of 7.
    98%; Composite rubber was 04,400 tons, the same as in mid-March; the inventory of sky rubber and synthetic rubber showed an increase
    of more than 5%.

    Automobile production and sales and inventory index: In March, the domestic heavy-duty truck market sold about 106,000 vehicles of all types, a sharp increase of 42% from 74,800 units in the same period last year and 23% from February to a new high in the same period in the past six years from 2012 to 2017, second only to the same period in 2010 (118,000 units) and the same period in 2011 (130,000 units).

    Although this year-on-year increase is far inferior to the 125% growth in January and 147% in February
    .
    According to the "China Automobile Dealer Inventory Early Warning Index Survey" released by the China Automobile Dealers Association, the inventory warning index in March 2017 was 61.
    9%, down 4.
    7 percentage points
    from the previous month.
    The inventory warning index is above
    the warning line.

    The growth rate of the manufacturing industry slowed down in March, and the probability of accelerating the expansion of the economy in the future is very low, and the economy may turn downward
    in the second quarter.
    The symbolic significance of Xiong'an New Area is greater than the substantive significance of China's economy, and it will take a long time for the policy to be implemented, and the current supply and demand relationship will not be reversed
    immediately.
    Tianjiao cutting season is coming, tire inventory pressure is high, the year-on-year growth rate of heavy truck sales is gradually declining, demand is expected to weaken, Shanghai rubber still has downward space, it is recommended to rebound and short thinking, do not blindly copy the bottom
    .

    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.

    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.