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    Home > Chemicals Industry > New Chemical Materials > Rubber fundamentals are stable and price volatility is low

    Rubber fundamentals are stable and price volatility is low

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Rubber futures recent volatility is strong, due to its low valuation, reduced handling fees, recently favored by funds, post-epidemic period, the global package of rescue policies have been launched, the economic prosperity has improved, the market still follows the logic of demand recovery, downstream automobiles, heavy trucks, tire operating rates have been gradually strengthened, and domestic and foreign production areas are just in the rubber tapping period, weather factors make the price of new rubber easy to rise and fall, 09 contract and 01 contract spread widened, it is expected that the short-term market is expected to be strong
    .

    rubber

    In terms of the market, Thai Hat Yai raw material glue 40.
    9 baht, cup glue 32 baht / kg, No.
    20 glue production profit is insufficient, limited amount
    .
    In Yunnan production area, Banna rubber tapping tends to be normal as a whole, but the lack of raw materials still exists
    .
    Precipitation weather in Hainan production area hindered the rubber tapping process, and the production of new rubber slowed down
    .
    In 2020, the distribution plan for the import plan for the return of agricultural products planted by overseas opium poppy substitution was announced in Pu'er City and 153,000 tons
    in Banna.
    The operating rate of semi-steel tires was 66.
    49%, down 3.
    15%
    year-on-year.
    The operating rate of all-steel tires was 71.
    62%, up 0.
    43%
    year-on-year.

    At present, the fundamentals of rubber are stable, the price fluctuation is low, the 20-day moving average support is strengthened, the bottom is slightly raised, and after the continuous adjustment of chemicals, there is an opportunity to make up for the upward movement, which is beneficial to the bullish speculation of rubber prices, and rubber is expected to follow the short-term upward trend
    .

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