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Wednesday, May 25, 2022

Shanghai rubber still rebound may concern the 10-day moving average

1. Natural rubber futures

Dong Jingjiao high opening to go, reference 1310 contract date disc settlement price of 259.1 yen / kg, compared with the previous transaction settled up 0.8 yen / kg.

Shanghai rubber opening to go, the main RU1309 contract opened 19,080 minimum 18815, up to 19315, to close at 19,135, up 350 points over the previous day, day turnover of 576,936 hand positions to reduce the 7604 hand to hand 160612.

2. In the rubber network pending order, the transaction prices

Trading floor

Product

Pending order quantity (tons)

Pending order price (yuan / ton)

Volume (tons)

Average transaction price (yuan / ton)

Yunnan

SCRWF / latex (AM)

470

19149

Yunnan

SCRWF / latex (PM)

110

20182

Hainan

SCR5 / 5 #standard rubber (PM)

Hainan

SCRWF / latex (AM)

210

18925

SCRWF / latex (PM)

210

18925

3, Natural rubber international price

Products (4 / May shipment)

Today’s prices ($ / ton)

Change ($ / ton)

Thailand 3 smoke RSS3

2840-2890

50-50

Thailand 20 standard STR20

2470-2500

30-30

Thailand 20 composite standard rubber

2470-2500

30-30

The Malay 20 standard SMR20

2460-2490

30-30

The Malay 20 composite standard rubber

2460-2490

30-30

Indonesia on the 20th standard rubber SIR20

2430-2470

30-30

The Vietnam 10 # standard rubber SVR10

2350-2380

0-0

Vietnam 3L rubber SVR3L

2510-2540

20-20

Roundup: Dongjing Jiao Gaokaidizou prices have come down, but the Shanghai rubber has continued the trend of the rebound. External disk market today continues to be slightly higher, mainstream or about 30 U.S. dollars / ton, the domestic downstream plant fixing case in general, manufacturers demand is relatively stable, but the needs of SMEs weak.

 4 Natural rubber in the domestic market

Shanghai rubber futures continued the rebound of the technical side, the main contract 1309 today opened higher high away, closing at 19,135 points, the settlement at 19,065 points, Judging from the disk or larger after midday. The spot market the rubber extension rebound, morning businesses offer generally slightly higher, to discuss the main aspects of the real single transaction, the downstream buying the general enthusiasm. As of the morning of state-owned Yunnan latex reference price of 18,900 yuan / ton, Hainan state latex 18600-18800 yuan / ton; Yunnan marked the second plastic reference price of 17,600 yuan / ton; Thailand 3 # smoke film in 18400-18600 yuan / tons (17% of the votes); Vietnam 3L rubber market price 18600-18700 yuan / ton (17% of the votes); the imported bottled latex spot market reference offer 13,700 yuan / ton (17% of the votes). The afternoon by Shanghai rubber continue to sharply higher led Vietnam 3L offer rose to 18,700 yuan / ton in the vicinity, Thailand 3 # smoke film rose to 18,800 yuan / ton in the vicinity.

Qingdao Free Trade Zone

Today’s prices ($ / ton)

Change ($ / ton)

Thailand 3 # smoke film

2740-2780

40

The Thailand 20 # standard rubber

2450-2500

20-50

The Thailand 20 # composite standard rubber

2450-2500

20-50

The Indonesia 20 # standard rubber

2400-2430

60-60

The Malay 20 # standard rubber

2450-2500

20-50

The Malay 20 # composite standard rubber

2450-2500

20-50

Roundup: Shanghai rubber futures continue to rise, today area Nei Matai 20 the composite standard rubber RMB offer rose to 17700-17800 yuan / ton, real single transaction can be discussed. USD disk little spot price, and the price is more chaotic, heard of the offer in the 2450-2500 U.S. dollars / ton, yesterday Mattei standard rubber solid single transaction between 2390-2410 U.S. dollars / ton.Downstream plant demand procurement market trading in general.

(Note: The domestic market prices am quote, USD glue are offer)

5.  A comprehensive analysis and forecasts

News:

1, as of April 25, the total inventory of Qingdao Bonded rubber 368,500 tons, 193,800 tons of natural rubber, adhesive 105,900 tons, 53,900 tons of synthetic rubber, 14,900 tons of smoke film.

2, since the beginning of this year, the national debt trends and economic performance of the European countries showed two distinct states: Treasury prices rose strongly, the economy continues to decline.

3, the downturn in business confidence report has prompted a number of investment bank on the outcome of the meeting of the European Central Bank next week’s interest rate decision expected from interest rates unchanged to cut interest rates by 0.25 percentage points, so that the benchmark interest rate to 0.5%.

4, Sinopec Sales Company today butadiene-styrene and butadiene rubber price down, SBR 1502, down 300 yuan / ton, 1712, down 400 yuan / ton; butadiene rubber decline in the 400 yuan / ton. After the cut, Sinopec implemented in accordance with the new price to maintain and increase their sales on the market is still optimistic about

Shortly Japan’s quantitative easing policy and external producing countries may be introduced under the influence of measures to curb the decline in rubber prices message, the Shanghai rubber ushered in a wave oversold rebound, is expected to rebound in the short-term goal will be the 10-day moving average . Years after the stock market point of view, but we Shanghai rubber the first few waves rebound hit the 10th line, quickly returned to decline, to be concerned about the recent 10th line of resistance. In addition, although the face of peripheral messages downstream small and medium-sized factory orders the Shanghai rubber be driven, but the current supply and demand situation does not improve, the listing of the new plastic will continue to increase domestic supply, the Free Trade Zone, the high inventory is still difficult to consume; started difficult to upgrade, and for the time being to do inventory reserves of raw materials. Therefore, caution was necessary to treat this wave rally, beware shot up after the fall.

Translated by Google Translator from http://news.cria.org.cn/4/14198.html

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