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Driven by the continued rise in crude oil, rubber prices ushered in a rebound

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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synthetic hydraulic oil

3 1 oil

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On Wednesday, the main force of rubber RU closed at 14190 (+550) yuan / ton, the price of mixed rubber was 13225 yuan / ton (+250), and the basis of the main contract was -640 yuan / ton (-25); The top 20 main long positions 103848 (-1549), short positions 158409 (-5071), net short positions 54561 (-3522).

NR main closing price 11790 (+405) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1840 (+25) US dollars / ton, Malaysian standard rubber 1835 US dollars / ton (+25), Indonesia standard rubber 1890 (+15) US dollars / ton
.

rubber

As of March 4: total stock on the exchange 251204 (+2189), exchange warehouse receipt 241220 (+3970).

Raw materials: raw film 63.
73 (+0.
14), cup glue 50.
30 (0), glue 68.
3 (-0.
5), tobacco film 67.
5 (+0.
6).

As of March 3, the domestic all-steel tire operating rate was 57.
48% (+4.
7%), and the domestic semi-steel tire operating rate was 60.
39% (+5.
1%)
.

Driven by the continued rise in crude oil, synthetic rubber has ushered in a supplement in the past two days, and natural rubber has been compressed to a lower position due to the spot end and futures price difference, and has also ushered in a rebound
driven by the market atmosphere.
Last week, due to the decline in port arrivals, the decline in domestic port inventory accumulation expanded, and only maintained a small accumulation
.
However, due to the slow recovery of domestic tire demand, the recovery rate of port outbound is limited
.
In the early stage, RU and hybrid rubber were basically the same, but yesterday they widened, or reflect that the actual tire demand represented by mixed rubber is still biased, but due to the loose domestic macro, demand expectations have improved
.
In the later stage, focus on the cutting situation in the main domestic production areas, once the cutting is successful, the pressure on the supply side of RU will reappear, and short-term operation
is recommended.

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