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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber rose slightly The short-term market volatility is large

    Shanghai rubber rose slightly The short-term market volatility is large

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    The price of upstream raw materials rose slightly, but due to the impact of low orders and low prices of finished products, it is difficult for raw material prices to have a large upside
    .
    In the Thai raw material market, white flakes 37.
    21, tobacco flakes 40.
    13, glue 37.
    9, cup glue 27.
    4, Thai raw materials rose
    slightly.
    Shanghai rubber rose slightly, the price of full latex in the East China market was about 9750 yuan, and the Thai standard mixed was about 9450 yuan, and the spot market transaction was rare
    .

    Shanghai rubber

    Domestic Yunnan Hainan production area delayed cutting, the supply of natural rubber deliverables may be
    reduced.
    In terms of demand port, the number of export orders from tire factories decreased in April, the expected operating rate declined, and the enthusiasm for purchasing rubber was not strong
    .

    In synthetic rubber, crude oil prices were affected
    by questioned excess inventories.
    The recent decline is expected to further drag down the cost of butadiene and the price of synthetic rubber, which is lower than natural rubber by more than 1,000 yuan, and the substitution is still strong
    .

    In terms of inventory, the inventory in the bonded zone increased slightly, and there is no trend
    of reduction.
    Inventories of natural rubber deliveries remain at
    historically low levels.

    Shanghai rubber rose, the main force increased its position slightly intraday, and the market was volatile
    in the short term.
    The foreign epidemic is still severe, the domestic rubber fundamentals are poor, the current rubber price is at a historically low level, the rubber price has fallen below the labor cost, but the short-term market volatility is greater, the operation is recommended to remain cautious, short-term wait-and-see
    .

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