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Rubber prices may continue to be weak in the short term

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

Tags

1 6 diaminohexane

film

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On Monday, the main force of rubber RU closed at 13455 (-370) yuan / ton, the mixed rubber quotation was 12850 yuan / ton (-200), and the basis of the main contract was -455 yuan / ton (-220); The top 20 main long positions are 98092 (+2079), short positions 143615 (-1499), and net short positions are 45523 (-3578).

NR main closing price 11165 (-305) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1790 (-30) US dollars / ton, Malaysian standard rubber 1780 US dollars / ton (-35), Indonesian standard rubber 1845 (-30) US dollars / ton
.

rubber

As of March 11: total stock on the exchange 252274 (+1070), exchange warehouse receipt 242100 (+880).

Raw materials: raw film 62.
6 (-0.
41), cup glue 50.
4 (-0.
15), glue 66.
5 (-1.
5), tobacco film 67.
39 (+0.
24).

As of March 10, the domestic all-steel tire operating rate was 61.
94% (+4.
46%), and the domestic semi-steel tire operating rate was 72% (+11.
61%)
.

Yesterday's rubber prices continued to fall, the price hit a new low this year, mainly due to the spread of the domestic epidemic, phased impact on domestic tire demand, superimposed on the domestic is about to usher in the cut, supply and demand slightly weakened, futures plate premium pattern, futures prices further fall.

With the rise in the price of synthetic rubber raw materials such as butadiene, the price difference between natural rubber and synthetic rubber continues to narrow, and the profit of tobacco film production has improved slightly, but it is at the break-even point, and the fundamental contradiction is not prominent
.
From the current demand and the upcoming domestic opening at the end of the month, the supply and demand drive is still weak, and the price may continue to be weak this week
.

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