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Rubber prices rebounded slightly, but the rebound was noticeably weak

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

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On Tuesday, the main force of rubber RU closed at 11940 (-25) yuan / ton, the mixed rubber quotation was 11955 yuan / ton (+5), and the basis of the main contract was +85 yuan / ton (+125); The top 20 main long positions are 84314 (+242), short positions 106361 (-3026), and net short positions are 22047 (-3268).

NR main closing price 10770 (+75) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1610 (+15) US dollars / ton, Malaysian standard rubber 1600 US dollars / ton (+10), Indonesian standard rubber 1635 (0) US dollars / ton
.

rubber

As of July 15: Exchange Total Inventory 280639 (+262), Exchange Warehouse Receipt 255830 (+3180).

Raw materials: raw film 56.
7 (-0.
77), cup glue 47.
4 (+0.
4), glue 52.
3 (-0.
7), tobacco film 58.
06 (-1.
09).

As of July 14, the domestic all-steel tire operating rate was 59.
29% (+1.
64%), and the domestic semi-steel tire operating rate was 65% (+1.
57%)
.

As of the end of last week, domestic port inventories fell slightly, downstream starts rebounded slightly, and last week's price decline brought about some raw material procurement demand, which made the port outbound rate rebound
.
Under the easing of the commodity market atmosphere, rubber prices maintained a slight rebound, but the rebound was obviously weak, especially RU due to the strong expectation of supply increase, the performance was relatively weaker, and the RU and NR price spread continued to narrow the trend
.
In the absence of more bearish impacts, futures prices may maintain a slight repair trend in the short term, but due to the unchanged trend of increasing supply, the upward drive is insufficient
.

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