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Rubber futures prices fell and market sentiment was poor

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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On Thursday, natural rubber futures prices fell, market inquiries fell into a downturn again, and trading sentiment was poor
.
The main rubber RU closed at 11960 (-110) yuan / ton, the mixed rubber quotation was 11800 yuan / ton (-50), and the basis of the main contract was +140 yuan / ton (+110); The top 20 main long positions are 42679 (-1483), short positions are 60362 (+136), and net short positions are 17683 (+1619).

NR main closing price 10375 (-70) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1572.
5 (-15) US dollars / ton, Malaysian standard rubber 1562.
5 US dollars / ton (-15), Indonesia standard rubber 1640 (-15) US dollars / ton
.

rubber

As of July 29: total stock on the exchange 278449 (-476), exchange warehouse receipt 255,300 (+60).

Raw materials: raw film 53.
97 (-0.
71), cup glue 47.
15 (+0.
35), glue 51.
7 (0), tobacco film 56 (0).

As of July 28, the domestic all-steel tire operating rate was 58.
67% (+3.
11%), and the domestic semi-steel tire operating rate was 64.
2% (-0.
57%)
.

Opinion: RU near-month prices are relatively resistant to declines due to early regression, and in the future, supply pressure will gradually increase due to a one-step recovery in global production in the fourth quarter, resulting in a narrowing of the RU9-1 contract spread
.
NR is mainly dragged down by the deviation of domestic real tire demand, and the recent price performance is weaker
.
In the absence of bright spots in the later period, the loose pattern of rubber supply and demand will continue
.

Under the logic of RU delivery in August, rubber prices are under more pressure, but the space below still depends on the location of
raw material prices.
Rainfall and typhoon weather in the main producing areas in August will disrupt supply, so it is recommended to wait and see
for the time being.

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