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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber futures continue to rise, and the recent operation is still dominated by warm operation

    Shanghai rubber futures continue to rise, and the recent operation is still dominated by warm operation

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Recently, Shanghai rubber futures continued to rise, and as of the close of trading on November 24, the RU2201 contract edged up 0.
    36%.

    As of November 23, the purchase prices of glue and cup glue in Hat Yai market in Thailand were 59.
    5 baht/kg and 0.
    5 baht/kg, respectively, up 6.
    5 baht/kg and 0.
    5 baht/kg
    respectively.

    Shanghai rubber

    Weather factors in recent production areas still have a significant impact
    on natural rubber.
    At present, although the production area in northeast Thailand has entered the peak production season, the excessive rainfall in northern Thailand, which is the main production area, hinders the rubber tapping operation
    .
    According to the water analysis of the Southern National Water Management Center and the rainfall forecast of the Meteorological Bureau, eight provinces in the southern region, including Songkhla and Surat Thani, should be strictly protected against flash floods from November 23 to 25
    , according to Praapo, director of the Royal Thai Irrigation Department.
    Affected by rainy weather, raw material production growth was lower than expected, and local raw material purchase prices continued to rise, which pushed up the price of
    natural rubber.

    Data show that in the week of November 18, the weekly operating rates of domestic all-steel tires and semi-steel tires were 65.
    63% and 61.
    18%, respectively, down 7.
    29 percentage points and 9.
    2 percentage points
    from the same period in 2020.
    After the National Day holiday, the production of tire enterprises gradually resumed, and the impact of dual control of energy consumption gradually weakened, further promoting the improvement
    of the operating rate of tire enterprises.
    However, compared with the usual level in previous years, the current tire operating rate still has a certain gap
    .
    At the same time, the domestic terminal market is still sluggish, and the operating rate of tire companies has increased limitedly
    .
    Overall, demand for natural rubber is temporarily stable
    .
    In the near future, the overall operation of Tianjiao will still be dominated by warm operation, and it is recommended that investors maintain the idea
    of bargain hunting.

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