 Home > Chemicals Industry > New Chemical Materials > Rubber price rebound is weak, short-term weak shock is the mainstay

Rubber price rebound is weak, short-term weak shock is the mainstay

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

Tags

nitro zone prices

absolute pressure definition

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On Thursday, the main force of rubber RU closed at 13555 (-290) yuan / ton, the mixed rubber quotation was 12880 yuan / ton (-100), and the basis of the main contract was -745 yuan / ton (-65); The top 20 main long positions are 81291 (+8181), short positions 130074 (+15595), and net short positions are 48783 (+7414).

NR main closing price 11275 (-165) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1775 (-15) US dollars / ton, Malaysian standard rubber 1770 US dollars / ton (-15), Indonesian standard rubber 1805 (-10) US dollars / ton
.

rubber

As of April 1: total stock on the exchange 258010 (+357), exchange warehouse receipt 245530 (+1360).

Raw materials: raw film 64.
29 (0), cup glue 51.
05 (-0.
1), glue 68.
7 (+0.
2), tobacco film 75.
33 (-0.
17).

As of March 31, the domestic all-steel tire operating rate was 59.
23% (+2.
68%), and the domestic semi-steel tire operating rate was 74.
52% (+2.
37%)
.

The weakness of real demand weighed on rubber prices and also led to a rebound
in port inventories last week.
At present, rubber is in the period when domestic supply picks up and overseas supply off-season, so the corresponding RU supply pressure is rising, while the actual demand deviation, the supply and demand drive is weak
.
NR also because demand has not yet started, port inventories have accumulated slightly, and the price rebound is weak
.
In absolute terms, RU has fallen below the cost of domestic raw materials, limiting the space for continued downward movement, and it is expected that rubber prices will be weak in the short term
.
Neutral, waiting for the stabilization of actual demand downstream
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.