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Rubber prices are expected to show a certain recovery in the near future

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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On Thursday, the main force of rubber RU closed at 13070 (+90) yuan / ton, the mixed rubber quotation was 12600 yuan / ton (+50), and the basis of the main contract was -420 yuan / ton (-190); The top 20 main long positions 101722 (-439), short positions 152903 (-1449), net short positions 51181 (-1010).

NR main closing price 11160 (+85) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1647.
5 (+12.
5) US dollars / ton, Malaysian standard rubber 1637.
5 US dollars / ton (+12.
5), Indonesian standard rubber 1700 (0) US dollars / ton
.

rubber

As of May 13: Exchange Total Inventory 267123 (+3557), Exchange Warehouse Receipt 253980 (-460).

Raw materials: raw film 62.
23 (0), cup glue 46.
95 (-0.
25), glue 66.
7 (-0.
5), tobacco film 68.
68 (0).

As of May 12, the domestic all-steel tire operating rate was 55.
64% (+15.
46%), and the domestic semi-steel tire operating rate was 60.
49% (+19.
85%)
.

Recently, due to the impact of rain in the main producing areas and domestic powdery mildew in Hainan, the overall raw material output is limited, the price of raw materials at home and abroad is firm, and the rubber cost support is strong
.
With the gradual easing of the epidemic in Shanghai, the market's expectation of a month-on-month improvement in demand in the later period is increasing, although the current rubber demand is still biased, but the expectation is improving, and supply and demand are expected
to improve.
In the near future, rubber is expected to show a certain price repair market under low valuation
.
However, because the finished product inventory of downstream tire factories is still high, before the finished product inventory has not materially dematerialized, it is expected that the rebound height is limited, and it is recommended to participate in the short period
.

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