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    Home > Chemicals Industry > New Chemical Materials > Rubber futures are weak and volatile Demand performance was weak years ago

    Rubber futures are weak and volatile Demand performance was weak years ago

    • Last Update: 2023-02-01
    • Source: Internet
    • Author: User
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    Yesterday's natural rubber futures were weak and volatile, as of the close of the day, Shanghai rubber main RU2305 fell 70 yuan to 13010 yuan / ton, NR main force fell 0 yuan to 9830 yuan / ton
    .

    rubber

    Yesterday Shanghai full latex 12500 (-50), whole milk-RU2305 spread-510(+20), RMB mixed 10900 (+0), human mixed-RU2305 spread-2110(+70).

    This week, the operating load of all-steel tires of tire enterprises in Shandong was 43.
    90%, down 0.
    45 percentage points from last week and 7.
    62 percentage points
    from the same period last year.
    This week, the starting load of semi-steel tires of domestic tire companies was 51.
    82%, down 2.
    07 percentage points from last week and 8.
    65 percentage points
    from the same period last year.

    From a fundamental point of view, the Hainan production area is about to completely stop cutting, and the Thai production area will also transition from the high production season to the low production season, and the global supply will shrink.

    According to the ANRPC production data in November, from January to November, ANRPC production increased by 1.
    99%
    year-on-year.
    Domestic finished rubber imports increased, and inventory in bonded areas increased
    .

    On the demand side, in November, domestic tire production fell year-on-year, tire exports deteriorated, and the current Spring Festival holiday, enterprise starts declined, although the market has expectations for demand improvement after the optimization of epidemic policies, but the weak reality may be difficult to change in the short term
    .
    In November, automobile sales fell year-on-year, with commercial vehicles falling more sharply and heavy-duty trucks slightly narrowing
    .

    In the short term, the supply side is close to the cutting period in China, the supply pressure is weakened, and the import pressure of tianjiao still exists
    in the foreign peak production season.
    On the demand side, the operating rate of all-steel and semi-steel tires continued to decline, combined with the New Year's Day holiday and the Spring Festival holiday shutdown, and the demand performance was weak
    a few years ago.
    Concerned about speculation within the year and the restart of construction after the year, it is expected that Tianjiao will be weak and volatile
    .

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