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    Home > Chemicals Industry > New Chemical Materials > Rubber is expected to be weak in the short term, focusing on the pace of domestic demand recovery

    Rubber is expected to be weak in the short term, focusing on the pace of domestic demand recovery

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    On Tuesday, the main force of rubber RU closed at 13640 (-145) yuan / ton, mixed rubber quotation 12975 yuan / ton (-75), the basis of the main contract -615 yuan / ton (+95); The top 20 main long positions 103848 (-1549), short positions 158409 (-5071), net short positions 54561 (-3522).

    NR main closing price 11385 (-160) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1815 (-10) US dollars / ton, Malaysian standard rubber 1810 US dollars / ton (-10), Indonesian standard rubber 1875 (-10) US dollars / ton
    .

    rubber

    As of March 4: total stock on the exchange 251204 (+2189), exchange warehouse receipt 241220 (+3970).

    Raw materials: raw film 63.
    59 (-1.
    6), cup glue 50.
    30 (-0.
    5), glue 68.
    8 (-0.
    7), tobacco film 66.
    9 (-0.
    7).

    As of March 3, the domestic all-steel tire operating rate was 57.
    48% (+4.
    7%), and the domestic semi-steel tire operating rate was 60.
    39% (+5.
    1%)
    .

    As of the end of last week, domestic port inventories continued to recover, but due to the significant decline in port arrivals last week, the accumulation of inventory has declined, and due to the slow recovery of demand, the recovery of port outbound rates has been limited
    .
    As oil prices continue to rise, synthetic rubber prices have risen this week, and later attention will be paid to whether the price difference between mixed rubber and benzene butadiene has reversed
    .
    At present, the fundamentals of rubber are still relatively weak, the futures premium pattern continues, and the demand side has not yet seen obvious highlights, especially the continuation of the situation in Russia and Ukraine, which will also have a certain impact
    on the tire and automobile production overseas, especially in European countries.
    In the later stage, the focus will be on the pace
    of domestic demand recovery.
    In the short term
    , rubber prices are expected to continue to be weak.

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