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    Home > Chemicals Industry > New Chemical Materials > The operating rate is gradually decreasing, and the rubber futures price is weakening

    The operating rate is gradually decreasing, and the rubber futures price is weakening

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Market situation: Rubber RU2005 reduced its position on Thursday, and the futures price weakened
    .
    The day closed at 12965, -1.
    52% from the previous trading day; Volume 203675, position 217436, -4257, basis -565; Ru1-May spread -325
    .
    NR2004 closed at 10850, -1.
    63% from the previous trading day; Volume 11420, position 18004, -267; basis -329; NR3-4 spread -100
    .

    rubber

    News: 1.
    IRSG: Global rubber demand will recover
    in 2020.
    2.
    Indonesia's natural rubber exports in November fell
    year-on-year.
    3.
    According to Longzhong Information statistics, the operating rate of semi-steel tire manufacturers last week was 59.
    42%, unchanged from the previous month and down 5.
    58% year-on-year; Last week, the operating rate of all-steel tire manufacturers was 59.
    07%, down 1.
    13% month-on-month and 9.
    93%
    year-on-year.

    Market quotation: the quotation of 18-year state-owned whole milk (Yunxiang) in the Shanghai market is 12400 (+0) yuan / ton; Vietnam's 3L quotation is 12450 (-50) yuan / ton; Thailand No.
    3 tobacco tablets 14600 (+0) yuan/ton; Yunnan 19 years full latex 12500 (+0) yuan / ton
    .
    Thai Hat Yai raw material market raw film 40.
    4 (+0.
    33) baht/kg; Tai San Tobacco Tablets 42.
    77 (-0.
    03) THB/kg; Field glue 40 (+0.
    4) baht/kg; 35.
    2 (0) baht/kg
    .
    SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1505 (+0) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1505 (+0) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1515 (+0) US dollars / ton
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 11100 (+300) yuan / ton; The market price of cis-butadiene rubber is 11100 (+300) yuan / ton
    .

    Warehouse receipt inventory: RU warehouse receipt 231750 tons, +600 tons; NR warehouse receipt 6754 tons, +2016 tons
    .

    Main positions: RU2005 top 20 long positions 98851, -2221; short positions 147660, -2282; long and short are reduced together, net short is reduced
    .
    NR2003 Top 20 long positions 11461, -696; short positions 12708, -649
    .

    Summary: At present, the domestic production area has entered the period of suspension, while Southeast Asia is still in the period of strong supply, the recent release of raw materials in southern Thailand, the high profit of processing plants has driven the enthusiasm for production, and there is an expectation
    of growth in the later output.
    Affected by environmental factors, some tire manufacturers in Shandong are restricted from starting, the operating rate has decreased month-on-month, and it is currently in the stage of strict inspection of environmental protection in winter, and the start of enterprises will be affected from time to time, coupled with the Spring Festival approaching, some large-scale enterprises will complete the inventory reserve before and after the Spring Festival, and gradually reduce the
    start.
    In terms of the end market, the sales volume of heavy trucks continued to improve, and the elimination and renewal policy of diesel trucks under China III stimulated the demand for new vehicles in the heavy truck market, which supported the consumption of natural rubber
    .
    RU2005 contract under pressure to fall, short-term focus on support around 12900 below, it is recommended to trade in the 12900-13250 range; The NR2004 contract is recommended to trade
    in the 10750-11100 range.

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