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Weak rubber operation Pay attention to the recovery of domestic demand after the holiday

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

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On Monday, the main force of rubber RU closed at 14340 (-275) yuan / ton, the price of mixed rubber was 13100 yuan / ton (-175), and the basis of the main contract was -865 yuan / ton (0); The top 20 main long positions 116808(+793), short positions 179753 (-1395), net short positions 62945 (-2188).

NR main closing price 11575 (-210) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1825 (-5) US dollars / ton, Malaysian standard rubber 1820 US dollars / ton (-5), Indonesian standard rubber 1870 (-5) US dollars / ton
.

rubber

As of January 21: Exchange Total Inventory 243874 (+3949), Exchange Warehouse Receipt 226410 (+6500).

Raw materials: raw film 54.
79 (-0.
49), cup glue 48.
45 (-0.
55), glue 54.
5 (-1.
5), tobacco film 57.
4 (-0.
79).

As of January 20, the domestic all-steel tire operating rate was 52.
13% (-6.
88%), and the domestic semi-steel tire operating rate was 55.
01% (-4.
35%)
.

At present, domestic demand is in the off-season before and after the Spring Festival holiday, and the operating rate of tire factories will further decline this week, and the pressure on finished product inventory of tire factories is still large, limiting the demand
for raw material procurement.
The supply side is still weak, but due to the partial easing of domestic port schedules, the arrival volume has rebounded, resulting in a month-on-month recovery in domestic supply
.
Therefore, short-term supply and demand showed weakness, so that the pressure on the plate price continued to decline
.
However, low overall inventories and high raw material prices in Thailand supported rubber prices
.
It is expected that the rubber price will run weakly in the previous year, but the space below may be limited
.
At present, it is recommended to wait and see for the time being, and pay attention to the recovery
of domestic demand after the Spring Festival holiday.

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