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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber slowly repaired after the fall lacked sustained upward support

    Shanghai rubber slowly repaired after the fall lacked sustained upward support

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Last week's sharp decline in Tianjiao slowly repaired, and the price center of gravity fell
    slightly from last week.
    From a fundamental point of view, the demand side is affected by a series of factors such as high tire inventory, hot weather, production restrictions, and insufficient workers, and manufacturers still control production obviously, and short-term starts are still difficult to improve
    .
    The Shanghai rubber market lacks sustained upward support
    .
    Due to the impact of the epidemic in Malaysia, the port closure has caused a certain mismatch between the short-term supply and demand of Thai glue raw materials, and the price of raw materials continues to decline, and in the later period, with the gradual opening of the port, it is expected that the price of glue will continue to have limited downward space, and the price of raw materials in the later period may support
    the cost of rubber.

    Shanghai rubber

    On the supply side, natural rubber from May to July entered the seasonal production increase cycle, coupled with the rubber trees planted during the peak period of rubber planting around 2012, the peak season was superimposed on the high yield period, and the growth trend of new rubber supply was determined
    .

    In terms of demand, affected by the high price of raw materials in the early stage, automobile sales entering the traditional off-season and other factors, the sales performance of the downstream market is weak, the domestic heavy-duty truck sales in June were flat month-on-month, down 6.
    9% year-on-year, coupled with the high cost of shipping, the shortage of containers, tire exports are restricted, downstream enterprises control production scheduling to reduce inventory pressure, raw material procurement willingness is weak
    .

    On the whole, the price of natural rubber will continue to fluctuate at a low level in
    the later period.
    Tianjiao warehouse orders were 177,270 tons, down 880 tons
    week-on-week.
    The total inventory of the exchange was 193,886 tons, an increase of 3,271 tons
    week-on-week.
    No.
    20 rubber warehouse order was 42,639 tons, down 7,963 tons
    week-on-week.
    The total stock of the exchange was 47,878 tons, down 4,680 tons
    week-on-week.
    Recently, there have been many
    outbound shipments.
    The inventory of 17 samples in the region was 86,800 tons, down 02,700 tons, or 3.
    07%,
    from the previous period.

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