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    Home > Chemicals Industry > New Chemical Materials > Rubber demand recovery is slower, and the shock is treated with a short idea

    Rubber demand recovery is slower, and the shock is treated with a short idea

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Tuesday, the rubber RU2009 contract increased its position, and the futures price fell
    .
    The current day price closed at 9800, -3.
    16% from the previous trading day; Volume 295490 lots, position volume 172791 lots, +366, basis -50; RU9-1 spread -1385
    .
    The NR2006 contract closed at 8045, -3.
    13% from the previous session; The volume is 4890 lots, the position is 11582 lots, -313, and the NR5-6 spread is -170
    .

    rubber

    News: 1.
    According to Longzhong Information statistics, as of the week of April 16, the operating rate of semi-steel tire manufacturers was 59.
    72%, down 1.
    35% month-on-month and 7.
    09% year-on-year; The operating rate of all-steel tire manufacturers was 64.
    04%, down 0.
    45% month-on-month and 7.
    93%
    year-on-year.
    2.
    Bureau of Statistics: China's tire production from January to March fell by 19.
    4%
    year-on-year.
    3.
    Bridgestone will suspend 11 Japanese plants
    from late April to early May.

    Market quotation: Shanghai market 18-year state-owned full latex reported 9750 (+0) yuan / ton, Vietnam 3L reported 10000 (+0) yuan / ton, Thailand No.
    3 tobacco film reported 12050 (+0) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1165 (+10) US dollars / ton, Qingdao market STR20 April cargo reported 1170 (+10) US dollars / ton
    .
    Thai Hat Yai raw material market Thai 3 tobacco tablets 40.
    05 (-0.
    08) baht/kg; field glue 38.
    2 (+0.
    3) baht/kg; Cup glue 27.
    6 (+0.
    2) baht/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 in North China Market price 8100 (+0) yuan / ton; The market price of cis-butadiene rubber is 7800 (+0) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 236990 tons, - 30 tons; NR warehouse receipts 68,263 tons, - 201 tons
    .
    Main positions: RU2009 top 20 long positions 81373, +2530; short positions 121729, -268; increase and decrease short, net space decrease.

    Summary: From the current fundamental point of view, the domestic Yunnan and Hainan production areas have postponed cutting, and overseas raw materials have fallen to historical lows
    .
    In the downstream, the operating rate of domestic tire factories has continued to decline month-on-month, and significantly lower than the same period last year, international public health events continue to spread, tire export orders are seriously reduced, especially semi-steel tire factories, I heard that individual factories in Shandong have arranged to stop production and maintenance, some factories have lowered the second half of the month scheduling plan, and the probability of the later operating rate continuing to decline is large
    .
    In addition, the low price of crude oil has caused the price of synthetic rubber to follow the decline, which has a certain drag
    on the price of natural rubber.
    Due to the slow recovery of demand, rubber stocks in Qingdao have continued to rise recently, and the later destocking process may be longer than in previous years, and it is recommended to treat the shock with a bearish idea
    .

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