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Rubber disc prices are down, and space below is expected to be limited

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

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On Monday, the main force of rubber RU closed at 12980 (-400) yuan / ton, mixed rubber quotation 12725 yuan / ton (-225), the basis of the main contract -155 yuan / ton (+100); The top 20 main long positions 103689 (-1098), short positions 157470 (+994), net short positions 53781 (+2092).

NR main closing price 11275 (-330) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1715 (-40) US dollars / ton, Malaysia standard rubber 1705 US dollars / ton (-40), Indonesia standard rubber 1755 (-35) US dollars / ton
.

rubber

As of June 10: total stock on the exchange 275425 (+299), exchange warehouse receipt 252370 (-460).

Raw materials: raw film 65.
38 (-0.
5), cup glue 48.
6 (-0.
3), glue 61.
5 (-4.
5), tobacco film 68.
18 (-2.
32).

As of June 9, the domestic all-steel tire operating rate was 53.
03% (-3.
06%), and the domestic semi-steel tire operating rate was 63.
36% (-1.
56%)
.

The Fed's interest rate hike continues to pressure commodities, rubber fell significantly yesterday, dragged down by plate prices, overseas raw material prices also fell, but domestic raw material prices are still firm, especially Hainan glue is at a high level, or indicating that the situation of domestic raw material tension has not eased
.
Rubber fundamentals have not changed much, but due to the rise in the price of the previous plate, demand has not been substantially followed, downstream tire operating rate is sluggish, and the situation of high finished product inventory has not been significantly alleviated, the raw material procurement motivation of downstream tire factories is weak
.
Domestic raw material price support and supply pressure are not large for the time being, and it is expected that the space below is limited, and it is recommended to pay attention to the further recovery
of demand.

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