echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Rubber disc prices are down, and space below is expected to be limited

    Rubber disc prices are down, and space below is expected to be limited

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Monday, the main force of rubber RU closed at 12980 (-400) yuan / ton, mixed rubber quotation 12725 yuan / ton (-225), the basis of the main contract -155 yuan / ton (+100); The top 20 main long positions 103689 (-1098), short positions 157470 (+994), net short positions 53781 (+2092).

    NR main closing price 11275 (-330) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1715 (-40) US dollars / ton, Malaysia standard rubber 1705 US dollars / ton (-40), Indonesia standard rubber 1755 (-35) US dollars / ton
    .

    rubber

    As of June 10: total stock on the exchange 275425 (+299), exchange warehouse receipt 252370 (-460).

    Raw materials: raw film 65.
    38 (-0.
    5), cup glue 48.
    6 (-0.
    3), glue 61.
    5 (-4.
    5), tobacco film 68.
    18 (-2.
    32).

    As of June 9, the domestic all-steel tire operating rate was 53.
    03% (-3.
    06%), and the domestic semi-steel tire operating rate was 63.
    36% (-1.
    56%)
    .

    The Fed's interest rate hike continues to pressure commodities, rubber fell significantly yesterday, dragged down by plate prices, overseas raw material prices also fell, but domestic raw material prices are still firm, especially Hainan glue is at a high level, or indicating that the situation of domestic raw material tension has not eased
    .
    Rubber fundamentals have not changed much, but due to the rise in the price of the previous plate, demand has not been substantially followed, downstream tire operating rate is sluggish, and the situation of high finished product inventory has not been significantly alleviated, the raw material procurement motivation of downstream tire factories is weak
    .
    Domestic raw material price support and supply pressure are not large for the time being, and it is expected that the space below is limited, and it is recommended to pay attention to the further recovery
    of demand.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.