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    Home > Chemicals Industry > New Chemical Materials > Tire companies are delayed in resuming work Rubber demand may be adversely affected

    Tire companies are delayed in resuming work Rubber demand may be adversely affected

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Thursday, February 6, the rubber RU2005 contract opened high and volatile, and the futures price closed higher
    .
    The current price closed at 11340, +0.
    98% from the previous trading day; Volume 126861 lots, position volume 174743 lots, -1956, basis -290; RU5-9 spread -280
    .
    NR2004 contract futures closed at 9630, +1.
    8% from the previous session; Volume 9008 lots, open position 18931 lots, +1505, basis -134
    .

    rubber

    News: 1.
    European passenger car sales in 2019 increased by 1.
    2% year-on-year, a new high
    since 2012.
    2.
    Light vehicle sales in Japan in 2019 decreased by 1.
    5%.

    3.
    According to Longzhong Information, as of January 30, the operating rate of semi-steel tire sample enterprises was 10.
    18%, down 14.
    30% from before the holiday, and the overall operating rate in January was 40.
    43%, down 24.
    41%
    from the previous month.
    The operating rate of the all-steel tire sample enterprises was 12.
    06%, down 17.
    99% from before the holiday, and the overall operating rate in January was 46.
    21%, down 22.
    37%
    from the previous month.

    Market quotation: Shanghai market 18-year state-owned full latex reported 11050 (-50) yuan / ton, Vietnam 3L reported 11300 (+0) yuan / ton, Thailand No.
    3 tobacco film reported 13350 (+0) yuan / ton
    .
    Qingdao market STR20 stock spot reported 1360 (+20) US dollars / ton, Qingdao market STR20 January cargo reported 1360 (+20) US dollars / ton
    .
    Thai Hat Yai raw material market raw film 40.
    29 (+0.
    4) baht/kg; Tai San Tobacco Tablets 41.
    53 (+0.
    53) THB/kg; Field glue 39.
    5 (+0.
    1) baht/kg; 32.
    3 (+0) THB/kg
    .
    Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price 10800 (+0) yuan / ton; The market price of cis-butadiene rubber is 10800 (+0) yuan/ton
    .

    Warehouse receipt inventory: RU warehouse receipt 236760 tons, +0 tons; NR warehouse receipt 22,600 tons, +706 tons
    .

    Main positions: RU2005 Top 20 long positions 81140, -1581; short positions 117882, -1117; long and short decrease, net short increased
    .
    NR2003 Top 20 Long Positions 5112, +48, Short Positions 5177, +10
    .

    Summary: The delay in the resumption of work by tire companies will adversely affect short-term natural rubber demand, and the accumulation of inventory caused by the increase in imports in the early stage will also put pressure on rubber prices
    .
    However, at present, the world has entered a low production period, and southern Thailand will also stop cutting early due to weather impacts, and the supply side supports futures prices
    .
    The RU2005 contract opened high and volatile during the day, and it is recommended to trade in the 11000-11600 range in the short term; The NR2004 contract is recommended to trade
    in the 9250-9700 range for short term.

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