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    Home > Chemicals Industry > New Chemical Materials > The supply and demand pattern is still weak and the rebound of rubber prices is limited

    The supply and demand pattern is still weak and the rebound of rubber prices is limited

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    On Tuesday, the main force of rubber RU closed at 12635 (-30) yuan / ton, the mixed rubber quotation was 12425 yuan / ton (-25), and the basis of the main contract was -335 yuan / ton (-70); The top 20 main long positions 108063 (-2493), short positions 163590 (-3246), net short positions 55527 (-753).

    NR main closing price 10710 (0) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1660 (-5) US dollars / ton, Malaysian standard rubber 1655 US dollars / ton (-10), Indonesian standard rubber 1705 (-15) US dollars / ton
    .

    rubber

    As of April 22: total stock on the exchange 262162 (+1184), exchange warehouse receipt 248100 (-20).

    Raw materials: raw film 65.
    88 (0), cup glue 49.
    45 (0), glue 62.
    8 (-0.
    7), tobacco film 67.
    08 (1.
    16).

    As of April 21, the domestic all-steel tire operating rate was 59.
    11% (+2.
    4%), and the domestic semi-steel tire operating rate was 67.
    39% (-1%)
    .

    As of the end of last week, domestic port inventories fell back down, reversing the momentum of a slight recovery in consecutive weeks since this month, mainly due to the decline in domestic arrivals and the recovery
    of outbound shipments.
    With the May Day holiday approaching, coupled with the recent continuous decline in natural rubber prices, tire factories have the need for seasonal small replenishment, which is conducive to the small dematerialization
    of port inventory.
    At present, the market sentiment is still pessimistic, and weak demand expectations and poor actual demand have become the main factors
    dragging down prices.
    However, yesterday's introduction of domestic auto stimulus policies is conducive to the improvement of sentiment, we believe that rubber prices are expected to stabilize slightly, but the supply and demand pattern is still weak, and the price rebound is limited
    .
    The later stage focuses on marginal changes
    in domestic demand.

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