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Short-term supply and demand are weak, and rubber prices have insufficient upward momentum

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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On Thursday, the main force of rubber RU closed at 13465 (+105) yuan / ton, mixed rubber quotation 12750 yuan / ton (+25), the basis of the main contract -460 yuan / ton (+50); The top 20 main long positions are 84519 (-1233), short positions 121994 (-2414), and net short positions are 37475 (-1181).

NR main closing price 11135 (+85) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1765 (+5) US dollars / ton, Malaysian standard rubber 1760 US dollars / ton (+5), Indonesian standard rubber 1800 (+5) US dollars / ton
.

rubber

As of March 18: total stock on the exchange 253563 (+1289), exchange warehouse receipt 242280 (+180).

Raw materials: raw film 62.
88 (0), cup glue 50.
01 (+0.
15), glue 66 (+0.
5), tobacco film 68.
86 (+0.
25).

As of March 17, the domestic all-steel tire operating rate was 52.
04% (-9.
9%), and the domestic semi-steel tire operating rate was 69.
2% (-2.
8%)
.

At present, the price difference between full latex and mixed rubber and 3L rubber has been compressed to a low level, and the variety price difference has limited
the downward space for the price of full latex.
Under the current price difference between natural rubber and synthetic rubber, the strength of crude oil prices will have a certain support for natural rubber prices, therefore, micro-view, under the current price, rubber prices continue to fall space is limited, but it is more likely to have a repair rebound
.
From the perspective of supply and demand in the later period, because the main production area of Yunnan in China has been cut, the supply will show an increasing trend, and the demand is affected by the domestic epidemic and the performance is biased, so the short-term supply and demand is weak, the rubber price has insufficient momentum, and it is recommended to participate in the short term
.

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