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Rubber continues the rebound pattern It is expected that the short-term repair market will continue

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

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On Tuesday, the main force of rubber RU closed at 12150 (+25) yuan / ton, the price of mixed rubber was 12000 yuan / ton (+150), and the basis of the main contract was 0 yuan / ton (0); The top 20 main long positions are 71698 (-7034), short positions are 89836 (-3947), and net short positions are 18138 (+3087).

NR main closing price 10790 (+35) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1630 (-5) US dollars / ton, Malaysian standard rubber 1625 US dollars / ton (+35), Indonesian standard rubber 1655 (+30) US dollars / ton
.

rubber

As of July 22: Exchange total inventory 278925 (-1714), Exchange warehouse receipt 255240 (-590).

Raw materials: raw film 57.
29 (+0.
18), cup glue 47.
9 (+0.
22), glue 53 (+0.
2), tobacco film 57.
29 (+0.
18).

As of July 21, the domestic all-steel tire operating rate was 55.
56% (-3.
73%), and the domestic semi-steel tire operating rate was 64.
77% (-0.
23%)
.

As of the end of last week, domestic port inventories continued to fall slightly, recent inventories have basically remained stable, downstream factories have maintained rigid procurement, and demand recovery is limited
.
At present, the repair market of the market has not yet been completed, and short-term futures prices will continue to rebound pattern
.
In the later stage, we will focus on macro-level changes to guide
rubber demand expectations.
The Fed interest rate meeting and the Politburo meeting at the end of the month in China have become the focus of
market attention.
Under the easing of market sentiment, RU non-standard spreads are not widened before the repair market is expected to continue
.
However, the supply and demand drive is still weak, and caution is recommended
.

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