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Rubber supply and demand drive is weak It is recommended to be cautious

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

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On Wednesday, the main force of rubber RU closed at 12125 (-25) yuan / ton, the mixed rubber quotation was 11950 yuan / ton (-50), and the basis of the main contract was 0 yuan / ton (0); The top 20 main long positions are 68554 (-3144), short positions are 84890 (-4946), and net short positions are 16336 (-1802).

NR main closing price 10780 (-10) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1625 (-5) US dollars / ton, Malaysian standard rubber 1615 US dollars / ton (-10), Indonesia standard rubber 1655 (0) US dollars / ton
.

rubber

As of July 22: Exchange total inventory 278925 (-1714), Exchange warehouse receipt 255240 (-590).

Raw materials: raw film 55.
5 (0), cup glue 47.
7 (-0.
2), glue 53.
2 (+0.
2), tobacco film 57.
35 (+0.
06).

As of July 21, the domestic all-steel tire operating rate was 55.
56% (-3.
73%), and the domestic semi-steel tire operating rate was 64.
77% (-0.
23%)
.

Yesterday, the price of rubber fluctuated in a narrow range, and the contradiction between supply and demand fundamentals was not prominent
.
On the one hand, supply pressure has not yet emerged, raw material prices at home and abroad fluctuate in a narrow range, on the other hand, with the easing of market sentiment, pessimistic expectations for demand have weakened
.
At present, the market is still following the logic of short-term profit repair
.
Under the easing of market sentiment, RU non-standard spreads are not widened before the repair market is expected to continue
.
However, the supply and demand drive is weak, and caution is recommended
.

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