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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber maintained a weak sideways oscillation operation

    Shanghai rubber maintained a weak sideways oscillation operation

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Last week, Shanghai rubber maintained a weak sideways fluctuation, and the price reached a new low
    .
    Prices of overseas raw materials on the supply side continue to decline, and the support of the cost side is weakening
    .
    Demand-side tire starts continue to be sluggish, and tire exports are expected to weaken strongly, and there is limited
    room for tire starts to improve in the future.
    At present, the supply and demand of natural rubber itself still lacks bullish support, and short-term low volatility is dominant
    .

    Shanghai rubber

    On the supply side, the level of cutting in Hainan is not high, and production has recovered
    .
    As of September 9, the purchase price of concentrated latex was 10,800 yuan / ton, a week-on-week decrease of 150 yuan / ton
    .

    Yunnan maintains normal seasonal production, but due to heavy rainfall, the production enthusiasm of processing plants is average
    .
    As of September 9, the price of Yunnan glue was 10,900 yuan / ton, flat week-on-week
    .
    In Thailand, the production profit is not high, the production enthusiasm of the processing plant is not high, and the weekly average price of glue is 45.
    50 baht/kg, down 3.
    40%
    from last week.
    In August 2022, China imported a total of 592,000 tons of natural and synthetic rubber (including latex), an increase of 11.
    9%
    from 529,000 tons in the same period of 2021.
    From January to August, China imported a total of 4.
    567 million tons of natural and synthetic rubber (including latex), an increase of 5.
    1%
    from 4.
    347 million tons in the same period of 2021.
    Indonesia's natural rubber exports in July 2022 were 194,300 tons, down 1.
    75% month-on-month and 2.
    96%
    year-on-year.
    From January to July 2022, Indonesia's total exports of natural rubber were 1.
    3302 million tons, a year-on-year decrease of 8.
    58%.

    In July, the export of standard rubber was 186,700 tons, mixed rubber 01,100 tons, and tobacco rubber 04,000 tons
    .

    On the demand side, the operating load of all-steel tires of tire companies in Shandong last week was 53.
    66%, down 4.
    04 percentage points from last week and up 12.
    96 percentage points
    from the same period last year.
    Last week, the starting load of semi-steel tires of domestic tire companies was 62.
    23%, down 0.
    47 percentage points from last week and up 22.
    82 percentage points
    from the same period last year.
    As of the week of September 9, the inventory of finished steel tires of domestic tire companies was 46 days, flat week-on-week; The inventory of finished semi-steel tires was 45 days, an increase of 1 day
    week-on-week.
    In August 2022, China's heavy-duty truck market sold about 45,000 units (invoicing caliber), basically unchanged from the previous month, down 12% from 51,300 units in the same period of the previous year, and a net decrease of 6,300 units
    .
    Cumulative sales of the heavy-duty truck market from January to August were 470,000 units, down 60% from 1.
    174 million units in the same period last year, down 700,000 units
    .

    In terms of inventory, as of September 2, the inventory of 17 samples in the Qingdao Free Trade Zone of natural rubber was 109,000 tons, an increase of 04,200 tons, or 3.
    98%,
    over the previous period.
    The sample inventory of 16 natural rubber general trading banks in Qingdao was 307,200 tons, an increase of 07,900 tons, or 2.
    64%,
    over the previous period.
    The total inventory was 416,200 tons, an increase of 12,100 tons
    over the previous period.
    As of 09-09, the warehouse order of Tianjiao was 261,010 tons, down 1,260 tons
    week-on-week.
    The total inventory of the exchange was 289,717 tons, an increase of 927 tons
    week-on-week.
    As of 09-09, the No.
    20 rubber warehouse order was 58,909 tons, down 503 tons
    week-on-week.
    The total stock of the exchange was 67,366 tons, down 230 tons
    week-on-week.
    China's natural rubber social stock was 940,200 tons, down 08,800 tons from the previous period, down 0.
    92% month-on-month, slightly reduced, and 32,600 tons from the same period last year, down 3.
    35% year-on-year, and the decline continued to narrow
    slightly.

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