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    Home > Chemicals Industry > New Chemical Materials > Short-term supported by supply side rubber prices firm

    Short-term supported by supply side rubber prices firm

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    On Tuesday, the main force of rubber RU closed at 13020 (-25) yuan / ton, the mixed rubber quotation was 12650 yuan / ton (-50), and the basis of the main contract was -245 yuan / ton (+150); The top 20 main long positions 101314(+1648), short positions 152728 (+2034), net short positions 51414 (+386).

    NR main closing price 11175 (-20) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1627.
    5 (+5) US dollars / ton, Malaysian standard rubber 1665 US dollars / ton (+5), Indonesia standard rubber 1715 (+5) US dollars / ton
    .

    rubber

    As of May 20: Exchange Total Inventory 269347 (+2224), Exchange Warehouse Receipt 254670 (+690).

    Raw materials: raw film 64.
    58 (+0.
    7), cup glue 47.
    65 (+0.
    20), glue 67.
    2 (+0.
    2), tobacco film 69.
    59 (+0.
    39).

    As of May 19, the domestic all-steel tire operating rate was 54.
    53% (-1.
    11%), and the domestic semi-steel tire operating rate was 62% (+1.
    51%)
    .

    Opinion: As of the end of last week, domestic port inventories continued to recover slightly
    .
    Last week, both inbound and outbound warehouses declined, but due to weak demand, outbound declines faster led to continued inventory accumulation
    .
    At present, rubber shows a pattern of slow supply increase and slow demand increase
    .
    Because the worst time of demand has passed, with the comprehensive lifting of Shanghai, it will usher in a month-on-month improvement, but at present, due to the poor actual demand, the impact of the overall demand side is declining, and the market focus is more on the supply side
    in the short term.
    Raw material prices at home and abroad have performed firmly, due to the delay in cutting in Hainan's main producing areas and high prices of concentrated milk, the domestic raw material diversion has led to a decrease in the output of full latex, and cost is the most important supporting factor
    in the current market.
    Raw material prices in Hainan's main producing areas are still rising, and it is expected that the support of raw material diversion on rubber prices will continue
    until the price of concentrated milk does not fall.

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