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    Home > Chemicals Industry > New Chemical Materials > Rubber prices are expected to continue their weak trend

    Rubber prices are expected to continue their weak trend

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    On Tuesday, the main force of rubber RU closed at 12685 (+40) yuan / ton, the mixed rubber quotation was 12450 yuan / ton (0), and the basis of the main contract was -35 yuan / ton (+10); The top 20 main long positions are 86949 (+355), short positions are 121174 (-1007), and net short positions are 34225 (-1362).

    NR main closing price 11100 (+80) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1675 (0) US dollars / ton, Malaysian standard rubber 1665 US dollars / ton (+5), Indonesian standard rubber 1705 (-10) US dollars / ton
    .

    rubber

    As of July 8: total stock on the exchange 280377 (+1346), exchange warehouse receipt 252650 (-570).

    Raw materials: raw film 58.
    58 (-0.
    22), cup glue 48 (+0.
    25), glue 53 (+0.
    2), tobacco film 60.
    33 (+0.
    14).

    As of July 7, the domestic all-steel tire operating rate was 57.
    65% (-1.
    15%), and the domestic semi-steel tire operating rate was 63.
    43% (-1.
    17%)
    .

    As of the end of last week, domestic Qingdao port inventories continued to recover slightly, mainly due to sluggish downstream demand, outbound shipments continued to fall, while arrivals rebounded
    slightly.
    With the advent of the supply season, under the deviation of demand, the country ushered in an accumulation cycle
    .
    Domestic spot prices are still relatively firm, and the basis and non-standard spot spreads have been at a low level
    recently.
    However, the upward drive still needs to see the real recovery of demand in the later period, and the increase in supply is expected to be superimposed on the background of actual demand still deviation, and it is expected that rubber prices will continue to weaken.

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