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    Home > Chemicals Industry > New Chemical Materials > Rubber futures prices fluctuate in a narrow range There is no substantial bright spot in market demand

    Rubber futures prices fluctuate in a narrow range There is no substantial bright spot in market demand

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    On Thursday, the main force of rubber RU closed at 12815 (-15) yuan / ton, the price of mixed rubber was 11150 yuan / ton (-75), and the basis of the main contract was -890 yuan / ton (+15); The top 20 main long positions are 82769 (+985), short positions 100363 (+1881), and net short positions are 17594 (+896).

    NR main closing price 9770 (-115) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1370 US dollars / ton (-12.
    5), Malaysian standard rubber 1360 US dollars / ton (-10).

    rubber

    Raw materials: The market is closed and there is no quotation
    .
    Raw film 48.
    39 baht/kg (0), cup glue 42.
    35 baht/kg (0), glue 46.
    6 baht/kg (0), tobacco film 50.
    80 baht/kg (0).

    As of 9.
    30: Exchange total inventory 306262 (+3701), Exchange warehouse receipt 270920 (+8820).

    As of 10.
    6, the domestic all-steel tire operating rate was 34.
    09% (-24%), and the domestic semi-steel tire operating rate was 40.
    64% (-22%)
    .

    Yesterday, rubber futures prices fluctuated
    in a narrow range.
    The finished product inventory of tire factories continued to decline month-on-month in September, reflecting a slight month-on-month improvement in demand in September, but due to the sluggish operating rate on the production side, the weak improvement in demand was more due to seasonality, and there was no substantial bright spot on the demand side, continuing to be weak
    .
    The increase in the middle line of supply is more certain, but due to the partial diversion of upstream raw materials to concentrated milk production, resulting in a decrease in domestic whole milk production this year, the extent of the reduction depends on the weather conditions
    in the later domestic production areas.
    The reduction of domestic whole milk production supports RU, and NR due to the continued recovery of global supply in the fourth quarter, the supply pressure will gradually appear under the increase in domestic imports in the later period, so there is still room for the price difference between RU and NR to widen in the fourth quarter
    .
    Unilaterally wait and see
    .

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