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    Home > Chemicals Industry > New Chemical Materials > Stocks in bonded zones remain high and rubber quotations are hopeless to rise

    Stocks in bonded zones remain high and rubber quotations are hopeless to rise

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Recently, the domestic supply is still excessive, and the rubber depot in the bonded zone continues to increase, which has increased for 7 consecutive months; Among them, the main growth variety is still natural rubber, and the inventory of synthetic rubber has also continued to rise
    .
    It can be seen that rubber inventories remain high, and there is no room for rubber market quotations to rise in the short term
    .

    rubber

    In addition, the main producing areas of Southeast Asia have entered the cutting period, the short-term supply is not tight, the purchase price of raw materials fluctuates widely, and the US dollar market price shows volatility
    .
    Domestic Yunnan and Hainan production areas have entered the cutting, the short-term supply is more sufficient, the price difference of full latex and synthetic rubber is inverted and converged, and the support for spot prices has declined, and the inventory situation
    in the future market is concerned.

    In the downstream market, the current domestic tire factory operating rate has declined year-on-year, the finished product inventory of tire factories has begun to increase, and downstream factories just need to pay attention to the inventory rhythm, and the tire factory operating rate is expected to be low year-on-year
    .
    Short-term supply is not profitable for the time being, while tire operating rate is declining, and fundamentals have a downward trend
    .

    Coupled with the fact that downstream merchants still hold a wait-and-see attitude towards the future, the trading atmosphere of the spot market is not good, the market transaction situation is limited, and the stimulation of downstream demand is not enough, so it is expected that rubber quotations will rise hopelessly in the short term
    .

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