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    Home > Chemicals Industry > New Chemical Materials > Rubber narrow range fluctuation Futures prices are expected to maintain a weak trend

    Rubber narrow range fluctuation Futures prices are expected to maintain a weak trend

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    In the last trading day, rubber fluctuated in a narrow range, closing at 12780 points, and fell slightly in overnight trading; Under the news of Thailand's suspension of rubber sales, the market has stopped falling in the past two days, but the price of raw materials in Thailand has maintained a downward trend in the near future, and the drag on the rubber cost side has gradually appeared
    .

    rubber

    Due to the gradual increase in supply and the impact of the epidemic in Southeast Asia, the demand for raw materials and exports in Thailand have declined, resulting in the weakness of raw material prices, and the current Thai glue has returned to the normal range of glue prices in the past five years, but it is still slightly high
    .
    Domestic port inventories continue to degrade, mainly due to the small number of recent arrivals and downstream rigid goods, with the increase of supply in the later period and the off-season of demand, pay attention to the arrival of inventory inflection point
    .

    In terms of inventory, the inventory in Qingdao Free Trade Zone was 95,300 tons, down 005000 tons from the previous period, the general trade inventory was 486,900 tons, down 29,500 tons from the previous period, and the destocking continued; the rubber inventory warehouse receipt in the previous period was 175,000 tons, and the No.
    20 rubber inventory warehouse receipt was 59,000 tons, maintaining a low level
    .

    At present, the rubber supply and demand pattern is weak, and the continuous decline in futures prices has also brought about the narrowing of the RU non-standard price spread to less than 1,000, but due to the weak supply and demand drive, and the expectation of strong supply increase in the later period, the logic of futures return will continue, and the futures price is expected to maintain a weak trend
    .

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