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    Home > Chemicals Industry > New Chemical Materials > Supply will continue to increase Rubber rebound space or limited

    Supply will continue to increase Rubber rebound space or limited

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Data show that in June, the price of domestic natural rubber in the East China market showed a trend
    of first falling and then rising.
    Among them, the highest price point is 9 days, and the price per ton is 13140 yuan
    .
    The lowest point is the 22nd, with a quotation of 12,510 yuan per ton, and the maximum amplitude is 4.
    79%.

    As of the 30th, the main quotation of domestic natural rubber was 12854 yuan per ton, a monthly decrease of 1.
    05%.

    rubber

    On the supply side, the impact of rain on rubber tapping weakened, and the price of raw glue in Thailand was significantly loosened, and Thai glue fell by more than 20%
    in June.
    Domestic raw material prices have also begun to loosen, and Hainan is probably up normally in July
    .
    In general, the pressure on raw material supply will be reduced in the later stage, and the supply will gradually increase
    .

    On the demand side, the passenger car market continued to recover, and the performance in the first three weeks of June increased year-on-year, Premier Li Keqiang pointed out at the executive meeting of the State Council to further release the potential of automobile consumption, and relevant policies also further stimulated the passenger car market
    .
    However, the heavy-duty truck market is still sluggish, which has become a factor inhibiting rubber demand, and although the tire factory operating rate has rebounded, the pressure on finished product inventory is still large, and it continues to accumulate slightly at a high level this week
    .
    On the demand side, on the whole, we should not be overly optimistic
    .
    In terms of inventory, Qingdao's social bank did not change much, and it was slightly destocked in June, and the overall level was low
    .

    Overall, the market is currently weak in the bullish and short
    margins.
    Rubber prices showed a certain degree of resistance in the process of dipping before the dip, and the stimulus policy for passenger car consumption boosted market sentiment to a certain extent, and the bottom of rubber prices gradually consolidated
    .
    However, from the overall situation of supply and demand, the market is still weak, the supply of tianjiao will continue to increase, the price of raw materials is obviously loosened, and the demand side in the short term demand for passenger cars to tianjiao is limited, and the pressure on the heavy truck and tire market is still large
    .
    The room for rubber price rebound may be limited
    .

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