The hottest import data is bullish, and Shanghai R

2022-08-23
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Import data bullish Shanghai Jiao rose sharply against the season

stimulated by the low polymer content, the main reason for the unqualified import quantity in May, the volume of Shanghai Jiao futures rose sharply yesterday, with the main contract in September climbing to 27305 yuan/ton, the highest price in two years. Analysts said that both demand and cost factors supported the anti seasonal rise in the price of natural rubber

1. Quality on Monday, the preliminary statistics released by the General Administration of Customs of China showed that China imported 100000 tons of natural rubber in May, with a cumulative monthly import of 730000 tons, an increase of 21.7% over the same period last year. China imported 108000 tons of synthetic rubber in May, with a cumulative monthly import of 584000 tons, a year-on-year decrease of 3.5%. On the same day, data released by the National Bureau of statistics showed that China's tire production in May reached 50.02 million, an increase of 14% year-on-year. The total monthly tire production was 228.9 million, an increase of 13% over the same period last year

encouraged by this, Shanghai Jiao futures rose sharply yesterday. After the main contract ru0809 opened slightly higher at 26405 yuan/ton, the shock rose, and the maximum rushed to 27305 yuan/ton, which was 61 in 2006. The design of the stress structure is based on the yield strength as the material, according to the highest price since the month. In late trading, it closed at 27020 yuan/ton, up 765 yuan or 2.91% from the settlement price of the previous trading day. In addition, with the rise of prices, the market trading became more active. Yesterday, the overall trading volume of Shanghai Jiao reached 810000 hands, and the position increased by 19000 hands to 151000 hands

li man, a mid-term analyst in Shanghai, believes that the rise in rubber prices is due to strong consumption and low inventory levels. According to his analysis, in the early stage, the main production area of natural rubber was delayed, resulting in the continuous consumption of inventory in the low production period, and the inventory of consumer enterprises has fallen to a very low position. At present, a large number of consumer purchases and potential replenishment purchases are forming a strong support for the price of rubber

the data showed that after the Tianjiao inventory of Shanghai Futures Exchange fell below the level of 20000 tons in early June, the Tianjiao inventory further decreased by 975 tons to 18020 tons last Friday

on the other hand, international crude oil also supports the high price of natural rubber. Since this year, the international oil price has risen sharply. At the beginning of this month, New York crude oil also hit a record high of $139.12/barrel. Affected by this, China's imports of synthetic rubber fell by 3.5% in January, but the imports of natural rubber surged by 21.7%. Jin Shuguang, an analyst at Nanhua futures, believes that in this round of seasonal market of natural rubber, the cost driving factor exceeds the demand driving factor, and the replacement cost of synthetic rubber is transmitted back to the price of natural rubber, and the cost pressure is further transmitted to the downstream

it is understood that since this year, the tire manufacturer Michelin has raised the product price twice in a row. The company recently announced that the price of Michelin brand new and rebuilt tires will increase by an average of 7% from August 1. On April 1, the company had a price adjustment

note: China has successively issued a series of national standards on the safety of plastic materials. The reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

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