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Rubber continues to rebound Demand changes may fluctuate the market

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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On Wednesday, the main force of rubber RU closed at 12205 (+15) yuan / ton, the price of mixed rubber was 10325 yuan / ton (+50), and the basis of the main contract was -805 yuan / ton (+60); The top 20 main long positions are 95575 (-2422), short positions 104684 (-5425), and net short positions are 9109 (+3003).

NR main closing price 9225 (+120) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1255 US dollars / ton (+5), Malaysia standard rubber 1247.
5 US dollars / ton (+2.
5).

rubber

Ingredients: raw film 46.
8 baht/kg (0), cup glue 36.
55 baht/kg (-0.
35), glue 45.
1 baht/kg (-1), tobacco sheet 48 baht/kg (0).

As of 10.
28: Exchange total inventory 312807 (+267), Exchange warehouse receipt 292020 (+5450).

As of 10.
27, the domestic all-steel tire operating rate was 47.
64% (-4.
5%), and the domestic semi-steel tire operating rate was 55.
34% (-9.
43%)
.

Rubber prices continued to rebound, and raw material prices in major producing areas continued to be weak under peak season supply
.
With the rapid rebound of the disk, yesterday's domestic intraday delivery profit was repaired
.
From a fundamental point of view, as the expectation of increasing the supply side remains unchanged, changes in the demand side have become the dominant factor
in recent market fluctuations.
Domestic demand is still low due to the impact of the epidemic, while overseas demand is downward or the main trend under the interest rate hike cycle, so it is difficult to reverse
the loose pattern of rubber supply and demand.
At present, the absolute price of rubber is in the low range, under the easing of the market atmosphere, there may be room for upward repair in the short term, it is recommended to wait for the opportunity to rebound and sell short
.

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