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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber to reduce positions upward short-term shock thinking treatment

    Shanghai rubber to reduce positions upward short-term shock thinking treatment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Yesterday, Shanghai rubber reduced its position to the upside, and the NR performance was relatively strong, which is related to
    the continuous dematerialization of domestic port inventories.
    The price of rubber in the early stage was
    mainly dragged down by the weakening of domestic demand and the decline in overseas raw material prices.
    As the futures plate price continues to fall, the current RU non-standard spread continues to narrow, and the arbitrage force has weakened
    .
    At present, rubber presents a weak pattern of supply and demand, and the contradiction is not prominent after the narrowing of the non-standard price difference, and the price is expected to re-enter the volatile trend
    .

    Shanghai rubber

    At present, the main producing areas at home and abroad have been cut one after another, but the rainfall in the main producing areas has increased, and the amount of cutting in the southern Thai production areas has not been as expected, but the epidemic has led to the closure of some glove factories, and the price of glue has continued to fall
    .
    The shrinkage of raw materials in Hainan production area continued to increase, and the price difference between glue into concentrated dairy plants and full latex factories narrowed, which was conducive to the volume of full latex; The overall cutting in Yunnan production area is less than 70%, and it is expected to enter the high cutting period
    in mid-to-early June.

    In terms of inventory, as of the end of May, China's natural rubber social inventory continued to decline week-on-week, but the speed of Qingdao's general trade inventory outbound decreased
    .
    On the demand side, manufacturers that stopped production due to thermal power plant maintenance and environmental protection factors in the early stage and factories that were suspended due to line maintenance have resumed work one after another, and the operating rate of tire factories has rebounded
    month-on-month.
    With the rise of temperature, the replacement demand for all-steel tires may be expected to increase, but the peak period of summer electricity consumption is coming, the factory may have peak production phenomenon, and the later start or maintain relatively stable operation, it is still recommended to treat the shock idea in the short term
    .

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