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    Home > Chemicals Industry > New Chemical Materials > At the end of the year, downstream demand picked up, and rubber prices are expected to maintain a strong pattern

    At the end of the year, downstream demand picked up, and rubber prices are expected to maintain a strong pattern

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Tuesday, RU's main force closed at 15315 (-155) yuan / ton, mixed rubber quotation 13225 yuan / ton (-125), the basis of the main contract -765 yuan / ton (+180); The top 20 main long positions are 60516 (-5118), short positions are 78076 (-5465), and net short positions are 17560 (-347).

    On Tuesday, the main closing price of NR was 12090 (-60) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1845 (-15) US dollars / ton, Malaysian standard rubber 1840 US dollars / ton (-15), Indonesian standard rubber 1805 (-10) US dollars / ton
    .
    The basis of the main contract is -551 (-8) yuan / ton
    .

    As of November 19: Exchange total inventory 179523 (-127802), Exchange warehouse receipt 128170 (-125770).

    Raw materials: raw film 55.
    2 (+0.
    95), cup glue 49.
    3 (+0.
    3), glue 59.
    5 (+1.
    5), tobacco film 60.
    55 (+1.
    28).

    As of November 18, the domestic all-steel tire operating rate was 65.
    48% (+1.
    48%), and the domestic semi-steel tire operating rate was 61.
    26% (+1.
    26%)
    .

    Opinion: The latest port inventories continue to decline, the enthusiasm of the main downstream cargo is still in place and the arrival is low, and the impact logic of shipping delays persists
    .
    Yesterday's rubber futures rose and fell, or mainly related to the recent term spread, especially the RU benchmark futures spot spread rebounded
    significantly.
    Domestic production continues to increase and light glue demand is general, there is still resistance above RU, and the support below RU is more from dark glue and raw material prices, currently due to the impact of shipping delays, port inventory is difficult to accumulate, for dark rubber support is strong, so the pullback of the plate or limited
    .
    However, in the short term, we also need to pay attention to the adjustment pressure
    brought by the re-entry of the arbitrage market.
    In the medium term, due to tight supply and the recovery of downstream demand at the end of the domestic year, rubber prices are expected to maintain a strong pattern
    .

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