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Dragged down by market sentiment, rubber prices continued to find a bottom

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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On Monday, the main force of rubber RU closed at 12665 (-350) yuan / ton, the mixed rubber quotation was 12450 yuan / ton (-200), and the basis of the main contract was -265 yuan / ton (+225); The top 20 main long positions 110556(+852), short positions 166836 (-3315), net short positions 56280 (-4167).

NR main closing price 10710 (-250) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1760 (-10) US dollars / ton, Malaysian standard rubber 1755 US dollars / ton (-10), Indonesian standard rubber 1805 (-5) US dollars / ton
.

rubber

As of April 22: total stock on the exchange 262162 (+1184), exchange warehouse receipt 248100 (-20).

Raw materials: raw film 65.
88 (0), cup glue 49.
45 (0), glue 63.
5 (+0.
5), tobacco film 68.
24 (-1.
15).

As of April 21, the domestic all-steel tire operating rate was 59.
11% (+2.
4%), and the domestic semi-steel tire operating rate was 67.
39% (-1%)
.

Dragged down by market sentiment, rubber prices continued to bottom down yesterday, and the current market is still trading the logic
of poor domestic demand.
As rubber is about to usher in a new season's production release period, the supply is expected to show a gradual increase trend, so the contradiction between rubber supply and demand is prominent, and the weak price operation will continue
.
With the decline in market prices, futures and spot spreads and non-standard spreads have narrowed, but the drag of weak demand on the spot side will continue
.
Before we see the actual dematerialization of downstream finished product inventories, prices are mainly
weak.

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