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The short-term trend of rubber is weak, and the pattern of weak supply and demand is difficult to break

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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On Monday, the main force of rubber RU closed at 12835 (-175) yuan / ton, the mixed rubber quotation was 11675 yuan / ton (-125), and the basis of the main contract was -935 yuan / ton (0); The top 20 main long positions are 79557 (+6597), short positions 103199 (+6727), and net short positions are 23642 (+130).

NR main closing price 10185 (-195) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1537.
5 (-22.
5) US dollars / ton, Malaysian standard rubber 1532.
5 US dollars / ton (-17.
5), Indonesia standard rubber 1595 (-25) US dollars / ton
.

rubber

As of August 12: total stock on the exchange 283584 (+2713), exchange warehouse receipt 254780 (-710).

Raw materials: raw film 48.
48 (-2.
42), cup glue 46 (-0.
3), glue 47 (-2.
5), tobacco film 49.
01 (-2.
31).

As of August 11, the domestic all-steel tire operating rate was 59.
35% (+2.
63%), and the domestic semi-steel tire operating rate was 64.
44% (+0.
43%)
.

At present, after the reduction of rainfall, the output of raw materials in Thailand's main producing areas has rebounded, coupled with weak downstream demand, yesterday the price of raw materials in Thailand fell significantly, especially the price of glue was weaker, and cup glue showed a certain degree of toughness, resulting in a narrowing
of the price difference between the two.
With the increase in supply in the peak season, it is expected that raw material prices will still have room
to fall.
Under the slow recovery of domestic downstream demand, domestic tire export demand has also begun to worry, and the overall demand expectation is poor, resulting in the loose pattern of rubber supply and demand expectations
.
Before the demand can not see a significant improvement, the pattern of weak rubber supply and demand is difficult to break, but at present, NR is in a positive basis pattern, RU non-standard spread is also in a low position, or limit the downside of the futures market, it is recommended to wait and see
for the time being.

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