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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
.
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.