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Rubber shock adjustment is the mainstay, and it is difficult for prices to fall sharply in the short term

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

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On Wednesday, the main force of rubber RU closed at 12980 (-90) yuan / ton, the mixed rubber quotation was 12550 yuan / ton (0), and the basis of the main contract was -230 yuan / ton (+90); The top 20 main long positions 102161 (-862), short positions 154352 (-1677), net short positions 52191 (-815).

NR main closing price 11075 (0) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1635 (-10) US dollars / ton, Malaysian standard rubber 1625 US dollars / ton (-15), Indonesia standard rubber 1700 (0) US dollars / ton
.

rubber

As of May 13: Exchange Total Inventory 267123 (+3557), Exchange Warehouse Receipt 253980 (-460).

Raw materials: raw film 62.
23 (0), cup glue 47.
2 (+0.
15), glue 67.
2 (+0.
2), tobacco film 68.
68 (+0.
29).

As of May 12, the domestic all-steel tire operating rate was 55.
64% (+15.
46%), and the domestic semi-steel tire operating rate was 60.
49% (+19.
85%)
.

Due to the impact of rainfall, raw material prices in Thailand continued to recover this week, and absolute prices are now at a five-year high and continue to climb
.
Domestic raw material prices showed a steady recovery momentum, mainly due to the delay in cutting in Hainan production areas, and high raw material prices also supported
raw material prices in Yunnan production areas.
At present, there is some support on the rubber cost side, but domestic demand is still weak, and the rebound drive may be limited
.
Yesterday, under the weakening of the overall market atmosphere, rubber prices rebounded weakly, and began to fall
back at midday.
However, at present, the basis is strong, RU non-standard spot price spread has not been significantly opened, it is expected that the price will be difficult to fall sharply in the short term, shock adjustment is the mainstay, as long as demand does not continue to show signs of weakness, short-term focus is still on the supply side
.

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