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    Home > Chemicals Industry > New Chemical Materials > Demand remains weak and the upward driving force of rubber is limited

    Demand remains weak and the upward driving force of rubber is limited

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Wednesday, the main force of rubber RU closed at 14605 (-145) yuan / ton, the mixed rubber quotation was 12925 yuan / ton (-100), and the basis of the main contract was -930 yuan / ton (-40); The top 20 main long positions are 95384 (-754), short positions 141961(+700), and net short positions are 46577 (+1454).

    NR main closing price 11280 (-210) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1770 (-2.
    5) US dollars / ton, Malaysian standard rubber 1765 US dollars / ton (0), Indonesia standard rubber 1785 (0) US dollars / ton
    .
    The basis of the main contract is -34 (+217) yuan / ton
    .

    rubber

    In terms of inventory: as of December 10, the total stock of the exchange was 215861 (+6578) and the exchange warehouse receipt was 75510 (+20980).

    Raw materials: raw film 55.
    4 (0), cup glue 47.
    90 (0), glue 53.
    2 (+0.
    2), tobacco film 59.
    09 (+0.
    02).

    As of December 9, the domestic all-steel tire operating rate was 64.
    26% (+1.
    28%), and the domestic semi-steel tire operating rate was 63.
    77% (+1.
    6%)
    .

    Due to the increase in domestic raw materials and the decrease in concentrated milk diversion, the increase in domestic full latex this year has been obvious, resulting in the recent RU basis is high year-on-year, which also makes the hedging pressure of the plate larger, which is the main force to suppress the plate, with the fall of the plate price, yesterday's current price spread has narrowed
    .
    At the same time, the domestic port inventory continues to deteriorate, but NR has signs of weakening this week, or the recent rebound of finished product inventories with domestic tire factories, and the demand side is still weak
    .
    On the one hand, rubber prices are supported by high raw material prices at home and abroad, and the continuous decline in domestic port inventories has strong support below rubber prices, but therefore demand remains weak, the upward driving force is limited, and the short-term more follows the surrounding atmosphere
    .

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