echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Rubber prices fluctuated mainly at a low level, and the rebound was slightly weak

    Rubber prices fluctuated mainly at a low level, and the rebound was slightly weak

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Wednesday, the main force of rubber RU closed at 11890 (-50) yuan / ton, the mixed rubber quotation was 11925 yuan / ton (-30), and the basis of the main contract was +85 yuan / ton (0); The top 20 main long positions are 82485 (-1829), short positions are 104678 (-1683), and net short positions are 22193 (-146).

    NR main closing price 10825 (+55) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1620 (+10) US dollars / ton, Malaysian standard rubber 1610 US dollars / ton (+10), Indonesian standard rubber 1635 (0) US dollars / ton
    .

    rubber

    As of July 15: Exchange Total Inventory 280639 (+262), Exchange Warehouse Receipt 255830 (+3180).

    Raw materials: raw film 56.
    8 (+0.
    1), cup glue 47.
    95 (+0.
    55), glue 52.
    5 (+0.
    2), tobacco film 58.
    18 (+0.
    12).

    As of July 14, the domestic all-steel tire operating rate was 59.
    29% (+1.
    64%), and the domestic semi-steel tire operating rate was 65% (+1.
    57%)
    .

    At present, the weak fundamentals make the rebound of rubber prices slightly weak, and rubber prices fluctuate
    in a narrow range at a low level.
    In Thailand, raw material prices recovered slightly due to rainfall, and rainfall is expected to increase in the coming week, which will affect rubber tapping in the short term or provide short-term support
    to raw material prices.
    Domestic raw material prices continued to fall and stabilized yesterday, mainly focusing on the short-term disturbance
    of typhoon weather in Hainan's main producing areas.
    At present, the low basis and the continuous destocking of inventories may limit the downward space of rubber prices, but the supply and demand drive is weak, and the upward momentum is insufficient, and it is expected that the low price of rubber will fluctuate
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.