echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Rubber short-term or into the range oscillation pattern

    Rubber short-term or into the range oscillation pattern

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Profit preference for futures delivery recently, RU has more newly registered warehouse receipts, hedging delivery willingness has increased, and rubber may enter a range-bound pattern
    .

    rubber

    Futures price spread: On 12.
    19, RU main closed at 12780 yuan / ton (-310), NR main closed at 9810 yuan / ton (-180).

    RU basis -505 yuan/ton (+110), NR basis 59.
    06 yuan/ton (+34.
    05).

    RU non-standard price difference of 1880 yuan / ton (-135), tobacco chip import profit -138.
    72 yuan / ton (-337.
    32).

    Spot market: 12.
    19, full latex quotation 12275 yuan / ton (-200), mixed rubber quotation 10900 yuan / ton (-175), 3L spot quotation 11675 yuan / ton (-50), STR20# quotation 1415 US dollars / ton (-20), butylbenzene quotation 10600 yuan / ton (0).

    Thai raw materials: raw film 45.
    00 baht/kg (+0.
    2), cup glue 40.
    90 baht/kg (0), glue 45.
    60 baht/kg (+0.
    1), tobacco film 48.
    59 baht/kg (0).

    Domestic raw materials: Yunnan glue 10800 yuan / ton (0), Hainan glue 11350 yuan / ton (-100).

    As of 12.
    16: Exchange Total Inventory 174822 (+2946), Exchange Warehouse Receipt 149400 (+2500).

    As of 12.
    15, the domestic all-steel tire operating rate was 56.
    51% (-3.
    85%), and the domestic semi-steel tire operating rate was 64.
    83% (-1.
    3%)
    .

    On the supply side, the overall rainfall in major Southeast Asian producing countries increased slightly compared with last week, rubber tapping work is expected to weaken, and raw material prices in Thailand remained stable last day; Domestic Yunnan stopped cutting, and the low temperature weather in the main producing area of Hainan had a reduced impact on the dry production of glue, and the price of domestic raw materials was supported; On the demand side, the operating rate of all-steel tires and semi-steel tires fell week-on-week, and terminal demand was weak; In terms of inventory, Qingdao Free Trade Zone inventory accumulated slightly, last week social inventory accumulation increased significantly compared with the previous period, the recent market continued to rise, RU new registered warehouse receipts increased
    slightly.
    Near futures intraday delivery profit preference, hedging delivery willingness increased, rubber or into a range shock pattern
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.