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Long and short divergence is large, and rubber prices fluctuate in a narrow range

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

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On Wednesday, the main force of rubber RU closed at 14015 (+25) yuan / ton, the mixed rubber quotation was 13100 yuan / ton (+50), and the basis of the main contract was -765 yuan / ton (-75); The top 20 main long positions 112519 (-3730), short positions 174669 (-3837), net short positions 62150 (-107).

NR main closing price of 11825 (+65) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1825 (+5) US dollars / ton, Malaysian standard rubber 1822.
5 US dollars / ton (+5), Indonesian standard rubber 1880 (+5) US dollars / ton
.

rubber

As of February 18: Exchange total inventory 247845 (-160), Exchange warehouse receipt 236010 (+3250).

Raw materials: raw film 62.
15 (+0.
34), cup glue 51 (+0.
35), glue 68.
5 (+1), tobacco film 66.
68 (+0.
39).

As of February 17, the domestic all-steel tire operating rate was 33.
05% (+23.
8%), and the domestic semi-steel tire operating rate was 36.
18% (+16.
1%)
.

Yesterday's rubber prices fluctuated in a narrow range, and the recent position continued to increase, or reflect a large
divergence between long and short.
Domestic downstream starts continued to pick up, but due to the high inventory of finished products, short-term raw material procurement demand has not improved, resulting in port inventory out of the warehouse less than the incoming volume, inventory continued to accumulate state, but the accumulation range decreased slightly compared with the previous two weeks
.
Domestic supply and demand are weak
due to the recovery of imports and the fact that demand has not yet recovered.
Overseas, due to the approaching off-season of rubber tapping, the price of raw materials in Thailand continues to rise, or inhibits the decline of rubber
.
Short-term advice is to wait and see
for now.

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