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    Home > Chemicals Industry > New Chemical Materials > There is still support on the rubber cost side, and it is temporarily wait-and-see in the short term

    There is still support on the rubber cost side, and it is temporarily wait-and-see in the short term

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    On Monday, the main force of rubber RU closed at 13045 (-90) yuan / ton, mixed rubber quotation 11350 yuan / ton (-200), the basis of the main contract -720 yuan / ton (+315); The top 20 main long positions are 86873 (-3110), short positions are 99037 (-2995), and net short positions are 12164 (+115).

    NR main closing price of 10025 (+35) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1415 (+5) US dollars / ton, Malaysia standard rubber 1387.
    5 US dollars / ton (-2.
    5).

    rubber

    As of 30 September: total stock on the exchange 306262 (+3701), warehouse receipt on the exchange 270920 (+8820).

    Raw materials: raw film 49.
    23 (+0.
    54), cup glue 41.
    75 (0), glue 46.
    5 (+0.
    1), tobacco film 52.
    93 (+0.
    62).

    As of September 29, the domestic all-steel tire operating rate was 58.
    09% (-1.
    78%), and the domestic semi-steel tire operating rate was 62.
    64% (-0.
    32%)
    .

    During the holiday, the rise in the price of rubber in the outer disk and the increase in the price of raw materials in Thailand's main producing areas led to the high opening of domestic rubber plate prices yesterday, and then weakened
    .
    The support of rubber prices before the holiday is mainly on the cost side, especially the domestic rainfall continues, and the market is worried about the impact on the output of RU deliverables in the later period
    .
    In the coming week, the rainfall in the main domestic producing areas will decrease, and raw material output is expected to recover, while the concentrated rainfall in the main producing areas of Thailand, especially in the southern region, will lead to firm overseas raw material prices, and rubber costs will still be supported
    .
    During the holiday period, port inventories rebounded
    month-on-month due to a decline in the operating rate of downstream tire factories.
    In the later period, global supply continued to rise, and the weak basis was not conducive to the rebound of plate prices, and the concern about the accumulation of domestic rubber in the later period is still there, and it is temporarily wait-and-see
    in the short term.

    In the coming week, the rainfall in the main domestic producing areas will decrease, and raw material output is expected to recover, while the concentrated rainfall in the main producing areas of Thailand, especially in the southern region, will lead to firm overseas raw material prices, and rubber costs will still be supported
    .
    However, the continued rise in global supply in the later period and the weak basis are not conducive to the rebound
    of intraday prices.

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