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    Home > Chemicals Industry > New Chemical Materials > The overall market atmosphere is weak and rubber prices continue to decline

    The overall market atmosphere is weak and rubber prices continue to decline

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    On Tuesday, the main force of rubber RU closed at 13350 (-105) yuan / ton, mixed rubber quotation 12750 yuan / ton (-100), the basis of the main contract -450 yuan / ton (+5); The top 20 main long positions are 93488 (-4604), short positions are 137995 (-5620), and net short positions are 44507 (-1016).

    NR main closing price 11050 (-115) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1760 (-30) US dollars / ton, Malaysian standard rubber 1750 US dollars / ton (-30), Indonesian standard rubber 1815 (-30) US dollars / ton
    .

    rubber

    As of March 11: total stock on the exchange 252274 (+1070), exchange warehouse receipt 242100 (+880).

    Raw materials: raw film 63.
    38 (+0.
    78), cup glue 50.
    15 (-0.
    25), glue 66 (-0.
    5), tobacco film 67.
    64 (+0.
    25).

    As of March 10, the domestic all-steel tire operating rate was 61.
    94% (+4.
    46%), and the domestic semi-steel tire operating rate was 72% (+11.
    61%)
    .

    As of the end of last week, domestic port inventories fell slightly month-on-month, mainly due to
    the decline in arrivals and the increase in downstream cargo.
    It is understood that due to concerns about the impact of the epidemic, the early procurement of downstream tire factories led to an increase in raw material shipments last week, according to the later arrival forecast, it is expected that the port inventory will rise again in the later stage, and the accumulation cycle has not yet changed
    .
    Under the overall weak market atmosphere, rubber prices continued to decline
    .
    Domestic cutting is imminent, the supply corresponding to RU will pick up again, but under the weak demand, the pressure on the supply side is prominent, the current supply and demand drive of rubber is still weak, and the price may continue to be weak this week
    .

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