Hottest January 27 rubber daily review China's exp

2022-09-19
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January 27 rubber daily review: China's interest rate hike is expected to rise. Shanghai Rubber continued to consolidate its weakness in the afternoon

on January 27, Shanghai precision required that natural rubber futures continue to decline in weakness. The main 1005 contract opened at 24095 yuan/ton and closed at 23780 yuan/ton, down 685 yuan/ton from the settlement price on January 26. The trading volume was 1294600 hands and the position was 172214 hands. On the disk, dragged down by the expected warming of China's interest rate hike, the commodity market continued to be weak according to the statistics of the business community, and the domestic inventory was high. Therefore, the correction and consolidation trend of Shanghai Jiaotong aftermarket is expected to continue

rubber futures on the Tokyo industrial products exchange (TOCOM) fell sharply on January 27. The benchmark RSS3 contract opened slightly lower in July, and then continued to fluctuate downward. As of 14:30 p.m. Beijing time on January 27, it was reported at 278.2 yen/kg, down 8.0 yen from the closing price on January 26

weather conditions, natural rubber production area in Thailand, sunny in North Central Thailand, cloudy in the South; In the natural rubber producing area of Malaysia, it is cloudy in the south of the Malay Peninsula and rainy in the north of Kalimantan island; In the natural rubber production area of Indonesia, it is sunny north of the equator of Sumatra island, rainy south of the equator of Sumatra island, and rainy south of Kalimantan island; China's natural rubber producing area, Hainan is cloudy, and Yunnan has sunny weather. The weather will not have a serious impact on the supply of the production area

in the spot market, on January 27, the official FOB quotation of Malaysian standard glue SMR20 in February rose sharply in the morning, and the official FOB quotation of Thai Bangkok cigarette glue RSS3 fell sharply in February. The recent macroeconomic news has changed, which has loosened the spot price, and the high price has weakened buyers' interest. In particular, the pressure on China's tire exports has appeared, and the spot price in Southeast Asia has declined slightly. On the other hand, traders still hoard a considerable amount of cash, not to mention the cost of future protection and maintenance, and the supply in the market is slightly tight. Spot has support for the future market

in other aspects, the annual production capacity of China's synthetic rubber is expected to reach about 2.5 million tons in 2009, with a year-on-year increase of about 25%. SBS, styrene butadiene rubber, butadiene rubber and neoprene have been in a situation of oversupply. Among them, the annual production capacity of styrene butadiene rubber in China is 1.02 million tons, the planned production capacity under construction is 550000 tons, the annual production capacity of butadiene rubber is 580000 tons, and the planned production capacity under construction is 330000 tons. However, foreign tire companies produced in China only use their own rubber materials, not Chinese synthetic rubber. Although China imports a large amount of synthetic rubber, the market share of domestic rubber is limited, and the expansion of production capacity has increased market pressure, which also has a negative impact on the price of natural rubber

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