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Rubber has limited upward kinetic energy, and the price continues the volatility pattern

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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On Wednesday, the main force of rubber RU closed at 14270 (+60) yuan / ton, the mixed rubber quotation was 12825 yuan / ton (+50), and the basis of the main contract was -895 yuan / ton (+90); The top 20 main long positions are 99776 (-3157), short positions are 148274 (-5629), and net short positions are 48498 (-2472).

NR main closing price of 11270 (+120) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1740 (+10) US dollars / ton, Malaysian standard rubber 1735 US dollars / ton (+10), Indonesian standard rubber 1765 (+10) US dollars / ton
.
The basis of the main contract is -218 (-61) yuan / ton
.

rubber

As of December 17: total stock on the exchange 221350 (+5489), exchange warehouse receipt 192230 (+29120).

Raw materials: raw film 54.
38 (-0.
14), cup glue 46.
15 (-0.
25), glue 51.
2 (0), tobacco film 57.
15 (+0.
65).

As of December 16, the domestic all-steel tire operating rate was 63% (-1.
26%), and the domestic semi-steel tire operating rate was 64% (+0.
23%)
.

This Monday because of the sharp decline in crude oil prices, because the epidemic on demand concerns also dragged down the trend of rubber prices, with the easing of pessimism, rubber prices rebounded slightly to repair, the recent rubber price supply and demand contradiction is not obvious, more follow the surrounding market atmosphere fluctuations
.
The lower support for rubber prices mainly comes from the continuation of domestic Qingdao port inventory, and it is expected that raw materials in Thailand's peak season will remain at a high level
.
The pressure on the domestic market is more based on the futures spot spread, which is still conducive to the participation
of arbitrage orders.
The inventory of domestic dark glue continued to deteriorate, but the inventory of light color glue continued to increase, and the inventory differentiation continued
.
Downstream demand shows the characteristics of off-season, and it is expected that the upward momentum will be limited, and the price will continue to fluctuate more
.

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