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    Home > Chemicals Industry > New Chemical Materials > Poor terminal demand Rubber prices hit new lows

    Poor terminal demand Rubber prices hit new lows

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    This week, rubber hit an 11-year low, and Shanghai rubber once again returned to below
    the 10,000 yuan mark.
    Raw material prices continue to decline, terminal demand is not good, and it is difficult for the domestic tire market to improve
    significantly in the short term.
    The closed borders of many countries to prevent and control the spread of the epidemic have led the market to worry about the decline in tire consumption, which may affect domestic tire exports
    .
    Cost support limits
    downside.

    rubber

    The port of Penang, Malaysia, announced that it would no longer accept Thai goods for transit
    .
    Affected by this, the goods in southern Thailand, Shadun and Trang cannot be shipped for the time being, and they are urgently deploying to ports
    in Thailand.
    Thailand's rubber exports are mainly from Bangkok, Songkhla and Penang Port in Malaysia
    .
    Due to the small cargo throughput of Songkhla Port, some goods exports from southern Thailand mainly depart from Penang Port in Malaysia, so Penang Port is closed, and some exports to southern Thailand are affected to a certain extent
    .
    The factory is also discussing a solution
    .
    At present, there will be a solution to the problem, but it will definitely delay time and affect the progress
    of logistics.

    On the surface, this factor is a logistical obstruction, a typical bullish factor
    .
    But in fact, the determination of the positive factor is not so simple, but also depends on whether there are other factors that can resolve the contradiction, offset the impact of the factor, and the resonance and interference
    of the factor with other factors.

    At present, the total of natural rubber inventory in Qingdao and the general trade warehouse has exceeded 740,000 tons, breaking the high of 700,000 tons set in May last year
    .
    Such high inventories, downstream is only in the process of gradual recovery, resulting in imports even if delayed, will not bring a tight spot situation to the country
    .
    On the technical side, rubber prices remain weak, waiting for the bottom to be established
    .
    Low range oscillation idea operation
    .

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