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Rubber futures have stopped falling in the market, pay attention to the improvement in demand

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

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mp materials stock price

4y 9 15

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On Monday, the main force of rubber RU closed at 12405 (+125) yuan / ton, the price of mixed rubber was 10775 yuan / ton (-25), and the basis of the main contract was -755 yuan / ton (-75); The top 20 main long positions 105353 (-1300), short positions 129057 (-1961), net short positions 23704 (-661).

NR main closing price 9520 (+80) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1392.
5 (+12.
5) US dollars / ton, Malaysian standard rubber 1382.
5 US dollars / ton (+12.
5), Indonesia standard rubber 1440 (+15) US dollars / ton
.

rubber

As of September 2: total stock on the exchange 288790 (+1908), exchange warehouse receipt 262270 (+810).

Raw materials: raw film 45.
75 (+0.
1), cup glue 39.
9 (-2.
1), glue 45.
5 (0), tobacco film 47.
03 (0).

As of September 1, the domestic all-steel tire operating rate was 58.
05% (-0.
58%), and the domestic semi-steel tire operating rate was 62.
41% (+0.
75%)
.

Domestic demand was disrupted by the epidemic, replacement market demand was further affected, and the price of cup rubber in Thailand continued to fall, and the decline was more obvious, more reflecting the weakness of the demand side and the expectation that the
supply would continue to increase in the later period.
However, the futures market was driven by the overall market atmosphere and stopped falling
.
Before the physical demand does not improve, it is expected that the spot market price will still be mainly adjusted by the decline, which will drag down the market
.
The logic of spot driving futures prices to weaken may not be finished, and pay attention to the stop signal
of spot prices in the later stage.
In the medium term, global raw material prices are still at a medium-high level, resulting in a more certain increase in supply in the later period, and it is expected that the domestic accumulation pattern will continue to be slightly accumulated before the demand does not improve significantly
.

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