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    Home > Chemicals Industry > New Chemical Materials > Bearish news is fully digested Rubber prices have limited room to fall

    Bearish news is fully digested Rubber prices have limited room to fall

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    In the last trading day, Tianjiao continued to rise by more than 2%, and the night trading fluctuated in a narrow range, closing at 13130 points
    .
    At present, the domestic supporting market maintains a steady downward trend, and the replacement market just needs replenishment and conventional destocking, and the overall inventory has fallen
    slightly.
    Under the continuous upward pressure of ocean freight in the export market, conditional shipments in the market still exist, and small and retail shipments are less
    .
    The bearish news is fully digested by the market, the absolute price of rubber is at a low level, and the room for decline is limited
    .

    Rubber price

    The world's major production areas have gradually opened up the amount of cutting, but in recent days, Thailand and domestic production areas have had heavy rainfall or affected rubber tapping; The operating rate of domestic tire companies increased last week, but it is still at a low level; The tire export market benefited from the continuous recovery of overseas economic consumption to maintain a high prosperity, but slowed down month-on-month, in the case of supply increment and weaker demand month-on-month, there is still a possibility of weakening rubber prices in the medium term, but it is still necessary to pay attention to the impact
    of macro factors on the overall commodity situation.

    The quotation of full latex Shanghai was 12850 yuan / ton, up 175 yuan / ton; Vietnam's 3L Shanghai quotation was 12800 yuan / ton, up 150 yuan / ton; The quotation of Thai tobacco tablets in Shandong was 19450 yuan / ton, no change; As of June 24, the operating rate of all-steel tires in Shandong was 64.
    13%; The operating rate of semi-steel tires was 59.
    93%.

    In terms of inventory, the inventory in Qingdao Free Trade Zone was 87,200 tons, down 03,300 tons from the previous period, and the general trade inventory was 455,200 tons, down 13,200 tons from the previous period, and the destocking continued; the rubber inventory warehouse receipt in the previous period was 175,000 tons, and the No.
    20 rubber inventory warehouse receipt was 59,000 tons
    .

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