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    Home > Chemicals Industry > New Chemical Materials > Rubber downside or limited wide oscillation operation

    Rubber downside or limited wide oscillation operation

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    This week's rubber trend first rose and then declined, recently hit a new high in the month and then fell back to adjust, and the overall period has maintained a wide range of volatility during the year
    .
    As a country with high dependence on rubber abroad, China is greatly affected by weather and policy factors in major foreign production areas
    .
    Looking forward to the future market, as the domestic rubber is close to cutting, rubber stocks in Qingdao continue to deteriorate, weather factors in the main producing areas of Southeast Asia continue to disturb, consumer demand to be improved, these factors are comprehensive, short-term rubber downward space or limited, wide range shock operation, as of the close, rubber 2205 contract, closed at 15240, down 2.
    9%.

    rubber

    In the coming week, there will be more rain in the main producing areas of Southeast Asia, which will have an adverse impact
    on the rubber tapping work.
    Domestic Yunnan production areas will usher in a suspension of cutting in late November, and the overall weather is relatively normal; Rainfall in Hainan production area has decreased, and raw material output has increased
    significantly.
    Since November, the arrival in Hong Kong has not been as expected, and the enthusiasm for downstream bargain procurement is acceptable, the export volume of natural rubber in Qingdao has continued to rise, and the accumulation is expected to continue to be delayed
    .
    As freight rates rose sharply again in November-December, there is an expectation
    of continued delays in the December shipping schedule.

    This week, the operating rate of domestic tire factories increased slightly month-on-month, but the foreign trade orders of some factories in December showed a downward trend compared with November, and the replacement of domestic terminals was gradually coming to an end, or limiting the increase in the operating rate in the later period, coupled with the obvious increase in factory raw material inventory, the procurement process of tire factories for tianjiao may slow down
    .
    The RU2201 contract is under pressure and pulls back down, focusing on support around 14750 in the short term, and it is recommended to trade
    in the 14750-15700 range.

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