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The short-term market atmosphere is warm, and rubber prices have rebounded

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

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On Thursday, the main force of rubber RU closed at 12905 (-10) yuan / ton, mixed rubber quotation 12475 yuan / ton (-25), the basis of the main contract -480 yuan / ton (+10); The top 20 main long positions are 105300 (+1687), short positions are 158720 (0), and net short positions are 53420 (-1687).

NR main closing price 10875 (-80) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1665 (0) US dollars / ton, Malaysian standard rubber 1655 US dollars / ton (-10), Indonesia standard rubber 1700 (0) US dollars / ton
.

rubber

As of April 29: Exchange Total Inventory 233585 (-28577), Exchange Warehouse Receipt 252990 (+4890).

Raw materials: raw film 62.
88 (0), cup glue 47.
5 (+1.
45), glue 64 (+1.
2), tobacco film 67.
73 (+1.
58).

As of April 28, the domestic all-steel tire operating rate was 54.
99% (-4.
12%), and the domestic semi-steel tire operating rate was 65.
77% (-1.
62%)
.

During the May Day holiday, the domestic epidemic situation stabilized, the pessimism on the demand side in the early stage eased, and the overall market atmosphere was warmer after the Fed's interest rate hike landed, and rubber prices ushered in a rebound
.
At present, rubber prices are in a low position, the main pressure is still on the demand side, supply is in the early stage of global cutting, short-term pressure is difficult to reflect, domestic port inventory may be due to the improvement of demand and the stability of supply, the later stage is expected to usher in a small destocking pattern
.
Therefore, it is expected that prices are expected to rebound slightly this week as the market expects to improve domestic demand, but in the medium term, due to the gradual increase in supply pressure, supply and demand will continue to weaken, unless domestic demand exceeds expectations in the later period
.

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