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Demand recovery is slower Pressed rubber prices run

 Last Update: 2023-01-04
 Source: Internet
 Author: User

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On Monday, the main force of rubber RU closed at 12355 (-400) yuan / ton, the mixed rubber quotation was 10845 yuan / ton (-55), and the basis of the main contract was -805 yuan / ton (-125); The top 20 main long positions are 88740 (+2976), short positions are 98141 (-888), and net short positions are 9401 (-3864).

NR main closing price 9320 (-350) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1320 US dollars / ton (-47.
5), Malaysian standard rubber 1305 US dollars / ton (-62.
5).

rubber

Ingredients: raw film 45 baht/kg (0), cup glue 37.
7 baht/kg (-0.
45), glue 44.
1 baht/kg (+0.
1), tobacco sheet 46.
3 baht/kg (-0.
94).

As of 11.
18: total stock on the exchange is 328280 (+6416), and the warehouse receipt is 299830 (+2260).

As of 11.
17, the domestic all-steel tire operating rate was 61.
56% (+10.
57%), and the domestic semi-steel tire operating rate was 67.
59% (+8.
62%)
.

Opinion: The RU cancellation warehouse receipt announced by the after-hours exchange yesterday was 185,000 tons, and the reduction of the on-market warehouse receipt supported the rebound
in futures.
The final data of domestic natural rubber imports for October released yesterday showed that October fell by 2.
73%
month-on-month.
A year-on-year increase of 27.
42%.

Among them, the mixed rubber ring was basically the same as the previous month, an increase of 38.
36%
year-on-year.
This is mainly because the RU non-standard spot spread has been at a high level this year, which has increased the trade volume
brought by carry trade.
With the gradual increase of imports, domestic social inventory and port inventory show a slight accumulation state, the later demand recovery is relatively slow, it is expected that there is still accumulation space, pressing rubber price operation, but the current RU warehouse receipt pressure has slowed down, there is still a strong supporting effect
below the price.

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