echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The rubber disk continues its weak trend, and it is recommended to wait and see for the time being

    The rubber disk continues its weak trend, and it is recommended to wait and see for the time being

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the main force of rubber RU closed at 14310 (-30) yuan / ton, the price of mixed rubber was 13075 yuan / ton (-25), and the basis of the main contract was -885 yuan / ton (-20); The top 20 main long positions 118489(+1681), short positions 178874 (-879), net short positions 60385 (-2560).

    NR main closing price 11570 (-5) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1815 (-10) US dollars / ton, Malaysian standard rubber 1810 US dollars / ton (-10), Indonesia standard rubber 1865 (-5) US dollars / ton
    .

    rubber

    As of January 21: Exchange Total Inventory 243874 (+3949), Exchange Warehouse Receipt 226410 (+6500).

    Raw materials: raw film 54.
    90 (+0.
    11), cup glue 47.
    95 (-0.
    5), glue 53 (-1.
    5), tobacco film 57.
    39 (-0.
    01).

    As of January 20, the domestic all-steel tire operating rate was 52.
    13% (-6.
    88%), and the domestic semi-steel tire operating rate was 55.
    01% (-4.
    35%)
    .

    Opinion: As of the end of last week, domestic port inventories continued to recover slightly, and seasonal accumulation has arrived, mainly due to the recent increase
    in domestic arrivals.
    Combined with the domestic downstream off-season, it is expected that the accumulation pattern
    will continue before the end of February.
    If the subsequent arrivals improve significantly, there are concerns about accelerating accumulation in China, so the futures market is currently reflecting accumulation concerns
    .
    At present, demand is in the off-season before and after the Spring Festival holiday, and the operating rate of tire factories will further decline this week, and the pressure on finished product inventory of tire factories is still large, limiting the demand
    for raw material procurement.
    On the domestic supply side, due to the partial easing of port sailing schedules, the arrival volume has rebounded, resulting in a month-on-month recovery in domestic supply
    .
    Therefore, short-term supply and demand show weakness, and it is expected that the price of the plate will continue to weaken, and it is recommended to wait and see
    for the time being.

    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.

    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.