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Rubber demand is expected to improve and is expected to maintain a strong trend in the short term

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

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On Wednesday, the main force of rubber RU closed at 13145 (+125) yuan / ton, the mixed rubber quotation was 12700 yuan / ton (+50), and the basis of the main contract was -220 yuan / ton (+50); The top 20 main long positions 102235 (+847), short positions 154152 (+910), net short positions 51917 (+63).

rubber

NR main closing price 11245 (+70) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1687.
5 (+20) US dollars / ton, Malaysian standard rubber 1680 US dollars / ton (+15), Indonesian standard rubber 1730 (+15) US dollars / ton
.

As of May 20: Exchange Total Inventory 269347 (+2224), Exchange Warehouse Receipt 254670 (+690).

Raw materials: raw film 64.
58 (0), cup glue 47.
65 (0), glue 67.
2 (0), tobacco film 69.
45 (-0.
14).

As of May 19, the domestic all-steel tire operating rate was 54.
53% (-1.
11%), and the domestic semi-steel tire operating rate was 62% (+1.
51%)
.

Viewpoint: Yesterday, the atmosphere of the commodity market warmed significantly, and the market began to look forward to the introduction of the economic support policy in the later period of China, black and other varieties stopped falling and rebounded, and rubber prices remained strong and volatile
.
At present, the support of rubber is mainly in raw materials, and the main production areas of Hainan in China are still in the momentum of recovery because of the delay in cutting
.
Coupled with the impact of rainfall in major producing areas at home and abroad, the price trend of raw materials is firm
.
At present, the warming of domestic macro sentiment will bring about the expectation of continued improvement in demand, and short-term rubber prices are expected to maintain a strong shock trend
.

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