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The demand side is not optimistic, and rubber prices are under pressure to fall

 Last Update: 2022-12-16
 Source: Internet
 Author: User

Tags

heavy duty manufacturing

beauty market

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Market situation: rubber prices fell under pressure, RU2001 increased positions and contracted, and futures prices closed slightly lower
.
The day closed at 11375, -0.
83% from the previous trading day; Volume 255432, position 292248, +1802, basis -1075, +50, Ru9-January spread -1020, +55
.
NR2002 rushed back down, futures prices closed down, closing at 9865 on the day, -1% from the previous trading day; Volume 12196, position 23046, +32; basis -475, +200
.

Rubber price

News: 1.
The capacity utilization rate of the automobile manufacturing industry in the second quarter was only 76.
2%.

2.
Heavy truck sales increased by 76,000 units, and Chinese customers increased by 87%.

3.
Vietnam's rubber exports increased steadily in the first 7 months of 2019
.

Market quotation: the quotation of 17-year state-owned whole milk (Yunxiang) in the Shanghai market is 10300 (-100) yuan / ton; Vietnam 3L quotation 10800 (-50) yuan / ton; Thailand No.
3 tobacco flakes 12750 (-100) yuan/ton; Yunnan 18 years full latex 10550 (-100) yuan / ton
.
The purchase price of natural rubber fresh glue and dry rubber of Hainan state-owned rubber processing plant remained stable at 9500 yuan / ton / ton
.
Thai Hat Yai raw material market raw film 39.
2 (-0.
2) baht/kg; Tai San tobacco tablets 41.
29 (-0.
17) baht/kg; field glue 39.
2 (+0.
2) baht/kg; Cup glue 32 (+0) baht/kg
.
SMR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1320 (+10) US dollars / ton; SIR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1330 (+10) US dollars / ton; STR20 Qingdao Free Trade Zone warehouse warehouse price increase of 1330 (+10) US dollars / ton
.
Synthetic rubber: Qilu petrochemical styrene-butadiene rubber 1502 market price in East China 10600 (+0) yuan / ton; The market price of cis-butadiene rubber is 10700 (+0) yuan / ton
.

Warehouse receipt inventory: RU warehouse receipt 415230 tons, +1470 tons; NR warehouse receipt 0 tons
.
Main positions: RU2001 Top 20 long positions 66732, +638; short positions 99093, +2335
.
Long and short increase at the same time, headroom increases
.

Summary: At present, domestic and foreign production areas are in the rubber tapping period, and the supply is gradually increasing
.
Vietnam's exports have increased significantly, and although stocks outside the bonded zone have continued to decline recently, inventories will still recover
as imported goods arrive in Hong Kong despite the relaxation of customs regulations on mixed rubber.
On the demand side, domestic heavy-duty truck sales in July fell sharply again month-on-month, coupled with the current domestic tire consumption gradually entering the off-season, the operating rate of domestic tire factories continued to decline, and the demand side was not optimistic
.
Overall, the global natural rubber market is still facing a fundamental pattern
of oversupply.

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