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Rubber supply and demand drive is weak, and prices continue to run weakly in the later period

 Last Update: 2022-12-26
 Source: Internet
 Author: User

Tags

tingley rubber

rubber tongs

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On Thursday, the main force of rubber RU closed at 12055 (-130) yuan / ton, mixed rubber quotation 10375 yuan / ton (-100), the basis of the main contract -605 yuan / ton (+5); The top 20 main long positions 100719(+1210), short positions 122232 (+1895), net short positions 21513 (+685).

NR main closing price 9260 (-175) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1280 US dollars / ton (-10), Malaysia standard rubber 1277.
5 US dollars / ton (-2.
5).

rubber

Ingredients: raw film 48.
53 baht/kg (0), cup glue 39.
45 baht/kg (-0.
2), glue 47.
3 baht/kg (0), tobacco film 49.
67 baht/kg (-0.
43).

As of 10.
21: total stock on the exchange 312540 (+3560), exchange warehouse receipt 285470 (+1780).

As of 10.
20, the domestic all-steel tire operating rate was 52.
14% (-6.
77%), and the domestic semi-steel tire operating rate was 64.
77% (+0.
37%)
.

Rubber prices continue to be weak, and the increase in recession expectations in overseas markets has intensified concerns about continued weakness in domestic tire exports in the later period
.
At present, the increase in global supply of natural rubber is relatively certain, and in the short term, due to limited domestic supply pressure, the overall domestic destocking pattern continues, but in November, it is expected that under the further recovery of imports, domestic inventories will enter a seasonal accumulation cycle
.
There are no bright spots in downstream demand, the supply and demand drive of natural rubber is weak, and it is expected that the price will continue to run weakly in the later period
.
At present, the upstream production profit has been gradually compressed, the price has fallen into the low range, and the downward space of rubber prices has gradually narrowed
.

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