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Rubber demand is still expected to improve, continuing the pattern of shifting the center of gravity upward

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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On Wednesday, the main force of rubber RU closed at 14750 (+55) yuan / ton, the price of mixed rubber was 13100 yuan / ton (+75), and the basis of the main contract was -900 yuan / ton (+145); The top 20 main long positions 108175 (+4910), short positions 165141 (+1923), net short positions 56966 (+2987).

NR main closing price 11710 (+115) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1790 (+25) US dollars / ton, Malaysian standard rubber 1780 US dollars / ton (+25), Indonesian standard rubber 1800 (+15) US dollars / ton
.

rubber

As of December 31: total stock on the exchange 230855 (+2800), exchange warehouse receipt 208410 (+1820).

Raw materials: raw film 53.
55 (+0.
35), cup glue 46.
65 (+0.
5), glue 51.
5 (+2.
5), tobacco film 57.
93 (+0.
57).

As of December 30, the domestic all-steel tire operating rate was 61.
72% (-2.
14%), and the domestic semi-steel tire operating rate was 63.
7% (-0.
05%)
.

Domestic Qingdao port inventories continued to decline yesterday as of the end of last week, but the decline slowed
down from previous weeks.
Mainly due to the slowdown in downstream pickup, the operating rate of domestic tire factories due to weak domestic terminal demand and seasonal off-season, resulting in the accumulation of finished product inventory and the upward pressure on the operating rate is also increasing, and the last two weeks have been declining
month-on-month.
Domestic real demand is weak, but based on domestic easing expectations, rubber demand is still expected
to improve after the year.
The supply-side support still comes from the continuous dematerialization of domestic port inventories, and it is expected that rubber prices will continue the shock pattern
of shifting the center of gravity.

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