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    Home > Chemicals Industry > New Chemical Materials > Market demand has not improved, limiting the downside of rubber prices

    Market demand has not improved, limiting the downside of rubber prices

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    On Thursday, the main force of rubber RU closed at 12840 (+20) yuan / ton, the mixed rubber quotation was 12700 yuan / ton (0), and the basis of the main contract was -115 yuan / ton (-105); The top 20 main long positions 107646(+2482), short positions 155602 (-220), net short positions 47956 (-2702).

    NR main closing price 11130 (-25) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1680 (0) US dollars / ton, Malaysian standard rubber 1675 US dollars / ton (0), Indonesian standard rubber 1740 (0) US dollars / ton
    .

    rubber

    As of June 10: total stock on the exchange 275425 (+299), exchange warehouse receipt 252370 (-460).

    Raw materials: raw film 63.
    58 (-0.
    12), cup glue 47.
    25 (-0.
    25), glue 58 (-1), tobacco film 66.
    2 (+0.
    21).

    As of June 9, the domestic all-steel tire operating rate was 53.
    03% (-3.
    06%), and the domestic semi-steel tire operating rate was 63.
    36% (-1.
    56%)
    .

    From the early domestic steady growth signal brought about by the strengthening of demand expectations to the current pessimism, the change in demand expectations suppressed rubber prices
    .
    In the later stage, more attention was paid to the improvement of the fundamentals of rubber itself, and at present, due to the poor downstream actual demand, the finished product inventory of tire factories is high, and the downstream raw material procurement momentum is weak
    .
    The supply side is short-term because the domestic Hainan has not yet been fully cut and the import volume is not large, the supply pressure is small, but with the passage of time, the increase in supply is a high probability event, therefore, before the demand does not improve, it is expected that the rubber price will continue to run at a low level, but due to the low domestic port inventory year-on-year, limiting the downward space of rubber prices, it is recommended to wait and see
    for the time being.

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