Home Global rubber market news Tire companies resume work to speed up rubber dips

Tire companies resume work to speed up rubber dips



On February 25, rubber rebounded. The Hujiao main 2005 contract closed at 11,545 yuan (145, 1.27%) per ton. The position is 154,400 (-0.33) lots, and the trading volume is 147,900 (-2.51) lots. The main INE20 plastic 2003 contract closed at 9,715 (135, 1.41%) yuan / ton, holding positions of 14,048 (-1136) hands, and trading volume of 7,275 (-3358) hands.

The price of glue has risen, and the price of Hat Yai glue is # N / A (# N / A) Baht / kg. U.S. dollar rubber quotations rose slightly, Thai STR20 price 1370 (10) US dollars / ton, Malaysian SMR20 price 1360 (10) US dollars / ton, Indonesian SIR20 price 1365 1365 (10). Domestic spot prices are mixed, with Shanghai’s full latex SCR5 quoting at 11,100 (-100) yuan / ton in Shanghai, Thai three tobacco flakes RSS3 in Shanghai at 13,550 (200) yuan / ton, and Vietnam SVR3L in Shanghai at 11,400 (0) yuan / ton.

Fundamentals Overview

I. Inventory

Domestic imports decreased and warehouse receipts increased slightly. The in the previous period was 238,400 (0.00) tons. In December, 733,000 tons of natural and rubber (including latex) were imported, a year-on-year increase of 8.96%. Cumulative imports from January to December were 6.55 million tons, a cumulative year-on-year increase of -6.73%. From January to July, ANRPC supply fell by 7.3% year-on-year, and increased slightly by 0.8% year-on-year.

Demand side

According to the data of the China Automobile Association, China’s auto sales in December were 2.658 million, an increase of 8.19% month-on-month, a decrease of 0.13% year-on-year, and a narrower year-on-year decrease. Commercial vehicle sales were 445,000 units, an increase of 3.89% year-on-year and 11.19% month-on-month.

Third, the message

On February 25, the closing price of the main crude contract on the Shanghai Futures Exchange was 399.3 yuan / barrel (-0.9, -0.22%). Brent crude closed at $ 54.27 / barrel (-1.4, -2.51%). WTI crude closed at $ 50.1 / barrel (-1.24, -2.42%).

Fourth, operation suggestions

Rubber in the outer disk continued its downward trend. Affected by the global epidemic, demand was dragged down, and attention was paid to the development of foreign epidemics. After the domestic rubber wide-ranging downwards, it rose strongly, and the bottom support of the inner disk was strong. The pace of domestic tire resumption is accelerating, with short-term support. The operating rate of all-steel tires this week was 51.00%, an increase of 15.40 percentage points from last week; the operating rate of semi-steel tires was 28.00%, an increase of 13.55 percentage points from last week.  has entered a cut-off season, and spot glue prices are firm. In the medium and long term, with the resumption of work and the recovery of logistics, the demand for rubber will increase, which will help to get rid of the weakness, but we still need to pay attention to the drag on exports to consumption. At present, the weather in is still arid, and we continue to pay attention to the impact of weather on production. Seasonally, before the supply recovery in April, most regions of the world stopped cutting, and the supply and demand pattern was favorable for . In operation, it is mainly to build multiple orders at a low level.

Translated by Google Translator from http://www.cria.org.cn/newsdetail/53270.html



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