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Rubber is slightly strong in the short term or showing a volatile trend

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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On Monday, the main force of rubber RU closed at 14455 (+125) yuan / ton, the mixed rubber quotation was 12825 yuan / ton (+50), and the basis of the main contract was -1030 yuan / ton (-180); The top 20 main long positions are 102690 (+1985), short positions 152831 (+2053), and net short positions 50141 (+68).

NR main closing price of 11250 (+70) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1740 (+10) US dollars / ton, Malaysian standard rubber 1735 US dollars / ton (+10), Indonesia standard rubber 1775 (+10) US dollars / ton
.
The basis of the main contract is -200 (-7) yuan / ton
.

rubber

As of December 24: total stock on the exchange 228055 (+6705), exchange warehouse receipt 206590 (+14360).

Raw materials: raw film 52.
8 (-1.
58), cup glue 45.
5 (-0.
5), glue 48.
5 (-1.
5), tobacco film 55.
7 (-1.
19).

As of December 23, the domestic all-steel tire operating rate was 63.
86% (+0.
86%), and the domestic semi-steel tire operating rate was 63.
75% (-0.
25%)
.

Under the weak performance of the stock market and peripheral commodity prices, rubber prices are slightly strong, mainly because the price of RU's main contract is basically close to the cost of domestic warehouse receipts, and the space below is limited
.
Recently, domestic fundamentals have not changed much, as the main domestic producing areas are about to enter a complete shutdown, raw material prices fluctuate limited, while overseas Thai raw material prices have recently shown a continuous downward trend, which will promote the domestic plate price above the import arbitrage window further down
.
Short-term rubber prices may show a volatile trend
.

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