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The rubber continues to oscillate weakly, but the space below is limited

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

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On Wednesday, the main force of rubber RU closed at 14900 (+60) yuan / ton, the price of mixed rubber was 13400 yuan / ton (+50), and the basis of the main contract was -800 yuan / ton (+140); Top 20 main long positions 116996(+583), short positions 176450 (-420), net short positions 59454 (-1003).

NR main closing price 12100 (+155) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1850 (+10) US dollars / ton, Malaysian standard rubber 1845 US dollars / ton (+15), Indonesian standard rubber 1885 (+15) US dollars / ton
.

rubber

As of January 14: Exchange Total Inventory 239925 (+5125), Exchange Warehouse Receipt 219910 (+4400).

Raw materials: raw film 55.
05 (0), cup glue 48.
55 (+0.
35), glue 53 (0), tobacco film 58.
29 (+0.
45).

As of January 13, the domestic all-steel tire operating rate was 59.
01% (+6.
98%), and the domestic semi-steel tire operating rate was 59.
36% (-0.
69%)
.

Domestic downstream demand continued to weaken, resulting in a continuous decline in port inventory, coupled with the recent slight recovery in arrivals, domestic port inventory ushered in an inflection point
.
Therefore, despite the background of domestic macro easing, rubber prices showed a sharp rise and fell trend yesterday
.
The demand side is not driven enough, the support below the price is mainly on the raw material side, and after the domestic total shutdown, the output of Thailand's main producing areas will gradually decline
at the end of January.
If the shipping schedule is significantly eased, there is still a domestic supply shock, if the demand gradually recovers after the year, there is still no easing of the shipping schedule, it may usher in the situation of spot tension caused by domestic downstream replenishment
.
A few years ago, rubber prices were expected to continue to fluctuate, but the space below was limited
.

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