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Supply and demand drive is weak, rubber prices continue to bottom down

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

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On Monday, the main force of rubber RU closed at 12435 (-310) yuan / ton, the mixed rubber quotation was 12150 yuan / ton (-200), and the basis of the main contract was -160 yuan / ton (+210); The top 20 main long positions are 110130 (+3247), short positions 165657 (+5749), and net short positions 55527 (+2502).

NR main closing price 10535 (-230) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1590 (-35) US dollars / ton, Malaysian standard rubber 1585 US dollars / ton (-35), Indonesia standard rubber 1655 (-20) US dollars / ton
.

rubber

As of May 6: Exchange Total Inventory 263566 (-19), Exchange Warehouse Receipt 254440 (+1450).

Raw materials: raw film 62.
4 (-0.
48), cup glue 49.
95 (+2.
9), glue 65 (+0.
2), tobacco film 68.
4 (+0.
31).

As of May 5, the domestic all-steel tire operating rate was 40.
18% (-14.
81%), and the domestic semi-steel tire operating rate was 40.
64% (-25.
13%)
.

The market is still trading the logic of poor domestic demand and the ongoing pressure on commodities by the overseas Fed rate hikes
.
Domestic to the downward trend of industrial products, rubber in the actual demand gap and future supply increase, the overall supply and demand drive is weak, prices continue to bottom down
.
Short-term market sentiment has not yet been released, even if the price is low, rubber prices will continue to weaken.

In the early stages of the Thai cut, raw material prices were still relatively firm, but as supply increased, later costs will continue to move
downward.

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