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    Home > Chemicals Industry > New Chemical Materials > Commodities generally rise Rubber has limited room to fall

    Commodities generally rise Rubber has limited room to fall

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Tire manufacturers have successively issued price increase policies before the holiday, and there is an expectation
    of price increases for tires.
    At present, the absolute price of rubber is at a low level, and under the background of the general rise of commodities, the decline space of rubber may be limited
    .
    After the holiday, the operating rate of tire enterprises is expected to recover, and the rubber inventory in the domestic Qingdao Free Trade Zone continues to decline, the import volume decreases, and the daily rubber rises
    sharply in the morning.
    On the technical side, RU2201 may maintain the rally and recover
    .

    rubber

    During the November period, the closing price of natural rubber external futures rose slightly, and the domestic spot price rose slightly
    .
    The price of Thai standard rubber US dollar rose by about 20 US dollars / ton, the price of RMB Thai blend rose by about 150-200 yuan / ton, the rainfall in domestic production areas was relatively normal, and the flooding in many provinces in Thailand affected
    the output of raw materials.

    Raw materials rose slightly, and the impact of
    precipitation was concerned after the holiday.
    Downstream tire companies have seen a decline in starts, the operating rate is lower than in previous years, and the start will gradually recover after the holiday, but there are still uncertain factors such as environmental protection and power rationing
    .

    Inventory: Dark rubber stocks were low, and light rubber stocks fell
    slightly year-on-year.
    On the whole, the slight rise in foreign futures and spot in the festival may drive Shanghai rubber to continue to rebound, need to pay attention to spot trading, downstream finished products destocking speed and start changes, fundamental bearish gradually digested, more gradually appeared, natural rubber is expected to maintain bullish expectations in the medium and long term, there are also overseas transportation and foreign production area dynamics and other factors disturbance.

    At present, the RU01 contract focuses on 14500 yuan / ton
    above.

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