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Rubber may rebound in the short term Pay attention to the recovery of downstream demand

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

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On Thursday, the main force of rubber RU closed at 14070 (+55) yuan / ton, mixed rubber quotation 13225 yuan / ton (+125), the basis of the main contract -670 yuan / ton (+95); The top 20 main long positions 112035 (-484), short positions 175513 (+844), net short positions 63478 (+1328).

NR main closing price 11875 (+50) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1825 (0) US dollars / ton, Malaysian standard rubber 1822.
5 US dollars / ton (0), Indonesian standard rubber 1880 (0) US dollars / ton
.

rubber

As of February 18: Exchange total inventory 247845 (-160), Exchange warehouse receipt 236010 (+3250).

Raw materials: raw film 64.
57 (+1.
52), cup glue 51 (0), glue 69.
5 (+0.
5), tobacco film 67.
7 (+0.
81).

As of February 17, the domestic all-steel tire operating rate was 33.
05% (+23.
8%), and the domestic semi-steel tire operating rate was 36.
18% (+16.
1%)
.

In the seasonal recovery of downstream demand, the domestic ushered in the opening in late March, during the domestic supply change mainly from imports, with the easing of shipping schedules, imports gradually recovered, but overseas March into the off-season, it is expected that the probability of a large increase in imports in the later period is not large, so the short-term domestic supply pressure is limited, demand gradually recovers, port inventory accumulation range is expected to continue to decline, price pressure slows down
。 Overseas raw material prices continue to be high, for rubber cost support is strong, therefore, the current price fell back to the lower edge of the range, the price may have a short spring, but the rebound height also depends on the downstream demand recovery, the current downstream tire factory finished product inventory is still high, upward drive is still insufficient, recommended short-term operation
.

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