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    Home > Chemicals Industry > New Chemical Materials > Supply continues to increase to suppress rubber upside

    Supply continues to increase to suppress rubber upside

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    The rubber market maintains short-term volatility, the fundamentals are stable, the demand port is weak, the expectation exists, the supply continues to increase, suppressing the rubber upside, but the spot inventory still has no obvious signs of increase, there is a certain support on the downside, from the perspective of the holding volume, the rubber position is stable, and the funds show short-term characteristics
    .
    At the technical level, the rubber support level is 12700 points, the pressure level is 13300 points, the rubber short-term volatility, the market funds are cautious, maintain short-term trading judgment, range fluctuation market
    .

    rubber

    In June 2021, China's total monthly imports of natural latex were 26,500 tons, down 32.
    58% month-on-month and 41.
    74% year-on-year; Qingdao is still in the state of inventory decomposition, and there are many warehouses; Raw material prices in Thailand continued to fall slightly, while raw material prices in Hainan production areas fell
    slightly.

    The overall domestic tire operating rate has rebounded slightly, and it is expected that Shanghai rubber will be dominated by short-term range shock operation, and it is recommended to hold
    it cautiously.

    The quotation of full latex Shanghai was 12800 yuan / ton, up 150 yuan / ton; Vietnam's 3L Shanghai quotation was 12600 yuan / ton, up 100 yuan / ton; The quotation of Thai tobacco tablets in Shandong was 18,300 yuan / ton, up 150 yuan / ton
    .

    This week, the operating load of all-steel tires of tire companies in Shandong was 62.
    75%, up 2.
    90 percentage points from last week and down 7.
    20 percentage points from the same period last year; the starting load of semi-steel tires of domestic tire companies this week was 58.
    65%, 2.
    27 percentage points higher than last week and 6.
    70 percentage points
    lower than the same period last year.

    As of July 19, the inventory of 17 samples in the Qingdao Free Trade Zone of natural rubber was 86,800 tons, down 02,700 tons from the previous period, and the inventory of 16 samples of general trade warehouses was 416,800 tons, a decrease of 10,900 tons from the previous period; the rubber inventory warehouse receipt of the previous period was 177,000 tons, and the No.
    20 rubber inventory warehouse receipt was 43,000 tons
    .

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