echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Market demand recovers slowly, and rubber rebounds weakly

    Market demand recovers slowly, and rubber rebounds weakly

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Yesterday, the main force of rubber RU closed at 13980 (+40) yuan / ton, the price of mixed rubber was 13125 yuan / ton (+50), and the basis of the main contract was -680 yuan / ton (-15); The top 20 main long positions 106069 (-4439), short positions 160143 (-5630), net short positions 54074 (-1191).

    NR main closing price 11760 (+40) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1830 (-2.
    5) US dollars / ton, Malaysian standard rubber 1825 US dollars / ton (0), Indonesia standard rubber 1890 (0) US dollars / ton
    .

    rubber

    As of February 25: Exchange Total Inventory 249015 (+1170), Exchange Warehouse Receipt 237250 (+1240).

    Raw materials: raw film 65.
    19 (+0.
    4), cup glue 51.
    20 (+0.
    15), glue 71 (-0.
    2), tobacco film 68.
    88 (+0.
    49).

    As of February 24, the domestic all-steel tire operating rate was 52.
    78% (+19.
    73%), and the domestic semi-steel tire operating rate was 55.
    29% (+19.
    11%)
    .

    Based on the slow recovery of domestic demand, rubber port inventories continue to accumulate, but the accumulation range has slowed down, with the arrival of the new domestic season of cutting, demand has not improved significantly, inventory still has upward pressure
    。 The basic upward drive of rubber is weak, but due to the support of the raw material end, the space below is temporarily limited, and under the continued escalation of the situation in Russia and Ukraine, the sharp rise in crude oil has also led to the continued strengthening of global inflation expectations, supply-side concerns have led to a significant recovery in domestic commodity prices recently, rubber prices only follow the surrounding atmosphere to stop falling and rebound, their own fundamental drive is insufficient, it is recommended to treat with caution, and focus on the downstream tire factory finished product inventory in the later stage, only after the pressure of finished product inventory slows down, there is a recovery in raw material procurement demand

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.