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    Home > Chemicals Industry > New Chemical Materials > Rubber prices may be expected to fluctuate strongly

    Rubber prices may be expected to fluctuate strongly

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Natural rubber pulled back slightly on Friday night, with RU2101 closing at 12325 points, down 0.
    2%.

    Natural rubber supply and demand balance, inventory structure difference contradiction still exists, long and short speculation is cautious, commodity market bulls weakened, rubber slightly adjusted, but the downside space is limited
    .

    rubber

    In terms of the market, the raw material output in the natural rubber producing areas was insufficient due to the impact of weather, and the price of raw materials remained stable
    .
    Tire export orders continue to recover, and the level of enterprise operation has improved
    .
    The operating rate of all-steel tire enterprises is 74.
    31%, and the operating rate of semi-steel tire enterprises is 69.
    92%.

    In July 2020, China's imports of natural rubber and synthetic rubber (including latex) were 677,000 tons, an increase of 26.
    78% month-on-month and 22.
    42%
    year-on-year.

    From January to July 2020, China's cumulative imports of natural and synthetic rubber were 3.
    809 million tons, a cumulative increase of 4.
    96%
    year-on-year.
    The commodity market gradually weakened after continuous rise, the uptrend structure slowed down, and the expectation turned into a shock structure
    .
    The strength of natural rubber multi-head support is weakened and continuously adjusted
    .
    In terms of structural performance, RU2009 is stronger than RU2101, and the supply undertaking funds are stronger
    in September.
    However, the inventory in the bonded area is still high, and there is no clear signal of dematerialization, the market is cautious in long and short trading, and the position volume does not change much
    .

    According to the sales reports of key enterprises compiled by the China Association of Automobile Manufacturers, the automotive industry is expected to complete 2.
    28 million units in June, up 4% month-on-month and 11%
    year-on-year.
    According to the China Rubber Information Trade Network, the latest report released by ANRPC shows that in terms of global natural rubber consumption, the worst time has almost passed, in the third quarter of 2020, global consumption will increase by 1.
    4% year-on-year, entering a positive value, especially China's consumption, is expected to increase by 0.
    8%
    year-on-year.
    In addition, the recent rainfall in Hainan and Yunnan, the main natural rubber producing areas in China, has affected the normal tapping activities of rubber farmers to a certain extent, and the glue production is relatively poor
    .
    Therefore, the price of rubber in the future market is expected to fluctuate
    strongly.

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