echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Supply and demand drive is weak, rubber prices continue to fluctuate at a low level

    Supply and demand drive is weak, rubber prices continue to fluctuate at a low level

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Thursday, the main force of rubber RU closed at 12660 (-45) yuan / ton, the mixed rubber quotation was 11350 yuan / ton (-25), and the basis of the main contract was -735 yuan / ton (-5); The top 20 main long positions are 91669 (+5775), short positions 116569 (+7341), and net short positions are 24900 (+1566).

    NR main closing price 10085 (-30) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1497.
    5 (0) US dollars / ton, Malaysian standard rubber 1485 US dollars / ton (0), Indonesian standard rubber 1545 (0) US dollars / ton
    .

    rubber

    As of August 19: Exchange total inventory 284053 (+469), Exchange warehouse receipt 258660 (+3880).

    Raw materials: raw film 48 (-0.
    28), cup glue 44.
    85 (-0.
    35), glue 47.
    8 (0), tobacco film 50 (-0.
    5).

    As of August 18, the domestic all-steel tire operating rate was 56.
    81% (-2.
    54%), and the domestic semi-steel tire operating rate was 61.
    33% (-3.
    11%)
    .

    Recently, domestic raw material prices are mainly stable, while overseas raw material prices continue to decline slightly, and supply will gradually enter the stage
    of increasing acceleration after the end of the rainy season.
    However, from the perspective of the absolute price of the plate, it has fallen below the cost of domestic raw materials, and the short-term lower space is limited by this, but if the raw materials are increased in the later stage, the cost will be further downward and the support will be weakened
    .
    Domestic demand is about to enter the seasonal peak season, and the drag on the demand side is slowing down, but if the recovery is not as strong as the increase in supply, the country will still face further accumulation pressure
    .
    The weak domestic demand has led to the pressure on downstream finished product inventories has not eased, and rubber prices have continued to fluctuate
    at a low level under the weak supply and demand drive.
    It is recommended to wait and see
    for now.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.