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Rubber prices are supported by the cost side, and the supply pressure will gradually increase in the later period

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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On Monday, the main force of rubber RU closed at 13005 (-80) yuan / ton, the price of mixed rubber was 10975 yuan / ton (0), and the basis of the main contract was -955 yuan / ton (+55); The top 20 main long positions are 87630 (-2827), short positions are 98688 (-4041), and net short positions are 11058 (-1214).

NR main closing price 9770 (+15) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1380 (0) US dollars / ton, Malaysian standard rubber 1365 US dollars / ton (0), Indonesian standard rubber 1355 (0) US dollars / ton
.

rubber

As of September 23: total stock on the exchange 302561 (+8875), exchange warehouse receipt 262100 (+550).

Raw materials: raw film 45.
6 (0), cup glue 40 (-0.
45), glue 45.
5 (0), tobacco film 48.
09 (-0.
49).

As of September 22, the domestic all-steel tire operating rate was 59.
87% (+9.
45%), and the domestic semi-steel tire operating rate was 62.
96% (+6.
98%)
.

Affected by the heavy rainfall in Hainan over the weekend, the glue output in Hainan production area was affected, and the price of glue recovered more yesterday, and the price of raw materials in Yunnan was also supported to a certain extent
.
At present, the support of rubber prices is more on the cost side, and the short-term supply pressure is not large
.
In the later stage, as the profits of domestic raw materials begin to appear, the end of rainfall will be conducive to the release of raw materials, while overseas is in the peak season supply, domestic imports will show a seasonal increase
.
The increase in supply is more certain, but there is still uncertainty about the increase in domestic full latex production, mainly focusing on the recent rainfall in the production area, if the rain continues will further affect the output of deliveries, supporting the RU01 contract, while NR expects supply pressure to gradually increase
before tire demand does not improve.

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