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The market atmosphere is moderate, and rubber may have room for upward repair in the short term

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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On Monday, the main force of rubber RU closed at 12280 (-5) yuan / ton, the mixed rubber quotation was 10375 yuan / ton (+50), and the basis of the main contract was -705 yuan / ton (+100); The top 20 main long positions are 97508 (+988), short positions 107969 (+4), and net short positions are 10461 (-984).

NR main closing price of 9515 (+20) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1265 US dollars / ton (+10), Malaysian standard rubber 1255 US dollars / ton (+7.
5).

rubber

Ingredients: raw film 46.
01 baht/kg (0), cup glue 37.
7 baht/kg (+0.
8), glue 43.
6 baht/kg (0), tobacco film 46.
72 baht/kg (+0.
03).

As of 11.
4: Exchange total inventory 317247 (+4440), Exchange warehouse receipt 296710 (+4690).

As of 11.
3, the domestic all-steel tire operating rate was 40.
97% (-6.
67%), and the domestic semi-steel tire operating rate was 53.
89% (-1.
45%)
.

Opinion: As of the end of last week, domestic Qingdao port inventories continued to rise, and recently under the weak performance of demand, inventories accumulated slightly for several weeks
.
Supply is in the stage of seasonal increase, raw material prices at home and abroad generally maintain a downward trend, and rubber cost support will gradually move
down.
Due to the impact of the epidemic in China, the improvement of demand is limited, and exports are gradually out of the high boom due to the decline in overseas demand, resulting in a sluggish operating rate of domestic downstream tire factories and a slower
destocking of finished products.
The loose pattern of rubber supply and demand is difficult to reverse, but the absolute price of rubber is currently in the low range, and under the easing of the market atmosphere, there is still room for upward repair in the short term, and it is recommended to wait for the opportunity to rebound and sell short
.

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