echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Supply and demand drive is weak, rubber prices are mainly weak

    Supply and demand drive is weak, rubber prices are mainly weak

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Wednesday, RU's main force closed at 14620 (+110) yuan / ton, mixed rubber quotation 12925 yuan / ton (-75), and the basis of the main contract was -1045 yuan / ton (-235); The top 20 main long positions are 90073 (-1816), short positions 133846 (-1383), and net short positions are 43773 (+433).

    NR main closing price of 11300 (+60) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1755 (-10) US dollars / ton, Malaysian standard rubber 1745 US dollars / ton (-20), Indonesian standard rubber 1765 (+40) US dollars / ton
    .
    The basis of the main contract is -188 (-198) yuan/ton
    .
    As of December 4: Exchange total inventory 209283 (+20933), Exchange warehouse receipt 154530 (+14060).

    News: 1.
    According to the preliminary data of the first commercial vehicle network, in November this year, China's heavy-duty truck market is expected to sell about 50,000 vehicles of various types (invoice caliber), down 6.
    5% month-on-month and 63% year-on-year, setting the lowest monthly sales level this year, slightly lower than the "bottom" sales (51,300 units) in August this year, and about 85,600 units
    less than the same period last year 。 2.
    According to data released by the General Administration of Customs of China on December 7, China's imports of natural and synthetic rubber (including latex) totaled 661,000 tons in November 2021, down 7%
    from 711,000 tons in the same period in 2020.

    Raw materials: raw film 56.
    15 (0), cup glue 47.
    7 (-0.
    15), glue 54.
    5 (-3), tobacco film 58.
    67 (-0.
    59).

    As of December 3, the domestic all-steel tire operating rate was 62.
    98% (-2.
    98%), and the domestic semi-steel tire operating rate was 62.
    17% (-0.
    08%)
    .

    This week, rubber prices have weakened as market sentiment tends to ease, or mainly due to
    supply-side increase expectations.
    This week, due to the decrease in rainwater in Thailand's main producing areas, the increase in raw material output has significantly reduced the price of glue, and the support for rubber costs has been loosened
    .
    However, the domestic Yunnan production area has stopped cutting, the output of raw materials is limited, according to the current domestic raw materials, the cost support of the plate is about 14,000 yuan / ton of the first line
    .
    This week, the supply and demand driver is weak, and prices are mainly
    weak.

    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.