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    Home > Chemicals Industry > New Chemical Materials > Market demand is weak, and rubber prices still have room to fall

    Market demand is weak, and rubber prices still have room to fall

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    On Monday, the main force of rubber RU closed at 12770 (+100) yuan / ton, the price of mixed rubber was 11400 yuan / ton (+50), and the basis of the main contract was -820 yuan / ton (+75); The top 20 main long positions are 90753 (-6513), short positions are 114217 (-7440), and net short positions are 23464 (-927).

    NR main closing price 10165 (+65) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1485 (+5) US dollars / ton, Malaysia standard rubber 1475 US dollars / ton (+5), Indonesian standard rubber 1525 (-5) US dollars / ton
    .

    rubber

    As of August 26: total stock on the exchange 286882 (+2829), exchange warehouse receipt 261460 (+2800).

    Raw materials: raw film 48.
    18 (0), cup glue 43.
    5 (-0.
    75), glue 48 (+0.
    2), tobacco film 50.
    10 (+0.
    1).

    As of August 25, the domestic all-steel tire operating rate was 58.
    63% (+1.
    82%), and the domestic semi-steel tire operating rate was 61.
    66% (+0.
    33%)
    .

    Under the weakening of the market atmosphere again, the rubber price plate is slightly firm, or mainly related to the short-term plate price falling below the cost of domestic raw materials, and after the RU09 delivery logic, the RU non-standard price spread is low and NR positive basis pattern, the downward resistance of the disk increases
    .
    In the early stage, the situation of Thai cup glue began to loosen, and the price difference between glue and cup glue was gradually repaired
    .

    In the medium term, under the peak season supply, raw material prices still have room to fall, and the pattern of weak demand is difficult to reverse in a short time, and it will take time for downstream tire factory finished product inventory to be destocked, and the loose pattern will continue
    .
    It is recommended to wait and see
    for now.

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