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    Home > Chemicals Industry > New Chemical Materials > Rubber prices are relatively low, short-term prices or dilemmas

    Rubber prices are relatively low, short-term prices or dilemmas

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    On Thursday, the main force of rubber RU closed at 12670 (+15) yuan / ton, the mixed rubber quotation was 12475 yuan / ton (0), and the basis of the main contract was -45 yuan / ton (+35); The top 20 main long positions were 87856 (-1884), short positions 126777 (-2472), and net short positions were 38921 (+412).

    NR main closing price 10975 (-15) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1665 (0) US dollars / ton, Malaysian standard rubber 1660 US dollars / ton (-10), Indonesia standard rubber 1715 (-5) US dollars / ton
    .

    rubber

    As of July 1: Exchange total inventory 277125 (+298), Exchange warehouse receipt 253380 (+1900).

    Raw materials: raw film 58.
    05 (-0.
    55), cup glue 47.
    4 (-0.
    4), glue 52.
    8 (0), tobacco film 61.
    01 (-0.
    08).

    As of June 30, the domestic all-steel tire operating rate was 58.
    8% (-0.
    31%), and the domestic semi-steel tire operating rate was 64.
    6% (+1%)
    .

    Viewpoint: Rubber prices have fallen into the low range, so the recent has been showing a relatively resistant trend, due to the pessimism of the macro market, the expectation of domestic demand improvement has weakened, which will make rubber expected supply and demand to turn to further easing, but because the domestic short-term supply pressure is not large, and rubber prices are relatively low, short-term prices or dilemma
    .
    In the medium term, domestic and overseas supply gradually increases, if the impact of the later overseas recession affects domestic tire export demand, the rubber supply and demand loose pattern remains, the price is weak, and the short-term temporary wait-and-see
    .

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