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    Home > Chemicals Industry > New Chemical Materials > Rubber shock upside strong expectations and weak demand long and short game

    Rubber shock upside strong expectations and weak demand long and short game

    • Last Update: 2023-02-02
    • Source: Internet
    • Author: User
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    The impact of rainfall on rubber tapping in southern Thailand and eastern Vietnam has increased, and the supply of raw materials is expected to decrease.
    The tire operating rate continued to decline, inventories continued to accumulate, the market's confidence in the gradual recovery of domestic economic activities has improved, the long-short game between strong expectations and weak demand, and the rubber shock
    upward.

    rubber

    Futures price difference: 1.
    3 days, RU main closing price 13070 yuan / ton (+375), NR main closing price 9825 yuan / ton (+250).

    RU basis -845 yuan/ton (-300), NR basis 75 yuan/ton (+39).

    RU non-standard price difference of 2145 yuan / ton (+50), tobacco chip import profit 293 yuan / ton (+375).

    Spot market: 1.
    3 days, full latex quotation 12225 yuan / ton (+75), mixed rubber quotation 10925 yuan / ton (+325), 3L spot quotation 11575 yuan / ton (+50), STR20# quotation 1425 US dollars / ton (+40), butylbenzene quotation 10500 yuan / ton (-100).

    Thai Ingredients: raw film no quotation, cup glue 38.
    90 baht/kg (0), glue 43.
    30 baht/kg (0), tobacco sheet 47.
    48 baht/kg (-0.
    13).

    Domestic raw materials: Yunnan glue 10800 yuan / ton (0), Hainan glue 11350 yuan / ton (0).

    As of 12.
    30: Exchange Total Inventory 186702 (+6089), Exchange Warehouse Receipt 170010 (+5000).

    As of 12.
    29, the domestic all-steel tire operating rate was 44.
    70% (-5.
    05%), and the domestic semi-steel tire operating rate was 53.
    59% (-4.
    76%)
    .

    Viewpoint: On the supply side, the rainfall in the main producing areas of southern Thailand and eastern Vietnam in the coming week will increase, the impact on rubber tapping work will increase, and the supply of raw materials is expected to decrease, the Hainan production area has completely stopped cutting, and the Vietnamese production area has entered the production reduction season; On the demand side, as of last Thursday, the operating rate of all-steel tires and semi-steel tires continued to expand and decline due to the return to work; In terms of inventory, the social treasury, bonded treasury and delivery treasury all accumulated slightly, and the futures market rose sharply after the New Year's Day, and the new registered warehouse receipts continued to expand; The market's confidence in the gradual recovery of domestic economic activities has improved, strong expectations and real weak demand are long and short games, and rubber shocks are upward
    .

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