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    Home > Chemicals Industry > New Chemical Materials > Rubber disk rebounds low Price rebound momentum is limited

    Rubber disk rebounds low Price rebound momentum is limited

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    On Monday, the main force of rubber RU closed at 13475 (+135) yuan / ton, the price of mixed rubber was 12875 yuan / ton (+25), and the basis of the main contract was -625 yuan / ton (-15); The top 20 main long positions are 97942 (-1324), short positions 147639 (2896), and net short positions are 49697 (-1572).

    NR main closing price of 11335 (+150) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1765 (+10) US dollars / ton, Malaysian standard rubber 1760 US dollars / ton (+10), Indonesian standard rubber 1805 (+5) US dollars / ton
    .

    rubber

    As of April 15: total stock on the exchange 260978 (+2068), exchange warehouse receipt 248120 (+1500).

    Raw materials: raw film 67.
    88 (-0.
    3), cup glue 50 (-0.
    55), glue 64 (-4), tobacco film 72.
    5 (+0.
    44).

    As of April 14, the domestic all-steel tire operating rate was 56.
    71% (+7.
    28%), and the domestic semi-steel tire operating rate was 68.
    38% (+1.
    27%)
    .

    With the partial easing of domestic logistics and the news that the state is vigorously promoting the resumption of work and production in Shanghai, the market sentiment eased, and the rubber plate price rebounded
    from a low level yesterday.
    Thailand's main producing areas are about to usher in the opening after the Songkran Festival, northern Thailand in the trial cutting, yesterday the price of raw materials in the Thai market was mixed, but the absolute price of raw materials is still at a high level, including the domestic raw material price is also relatively firm, or indicating that in the current domestic has been cut, the pressure on the supply side is not outstanding, this factor limits the short-term space of rubber
    .
    At the same time, the current RU non-standard spread is also at a low level, and the pressure of plate arbitrage is not large
    .
    In the later stage, we focused on the marginal improvement of domestic demand, and the price rebound momentum was limited
    until we saw the finished products of tire factories substantially destocked.

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