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Monday, December 6, 2021

Rubber: Every stage rebound bunker short space

Rubber shook up and stabilized on the previous day, closing at 11,455 yuan/ton. In the first quarter of 2018, China’s imports of butadiene rubber fell sharply year-on-year, while the volume of exports surged. Zhuo Chuang statistics show that China’s imports of butadiene rubber in March reached 20,000 tons, a sharp drop of 36% year-on-year; butadiene rubber imports totaled 52,700 tons in the first quarter, a sharp drop of 38.5% from the same period last year. The main reason for the decrease in imports of butadiene rubber was abundant domestic supply. In the first quarter, Gaoshun butadiene rubber production totaled 233,000 tons, up 12% over the same period of last year; domestic sources have obvious price advantages, and February cised rubber CIF China main port. US$1,700/ton, which is equivalent to the RMB price of RMB13,300/ton or more, and the domestic BR9000 ex-factory price was RMB 12,700/ton during the same period. In the first quarter of 2018, China’s exports of butadiene rubber surged, with cumulative exports of 12,400 tons from January to March, a substantial increase of 136% over the same period of last year, of which more than half were exported to Thailand. The import of raw material butadiene to Thailand and the export processing of synthetic rubber is the main reason for the increase in exports of BR. In addition, exquisite Chinese, Chinese strategy, double money and other Chinese tire companies build factories in Thailand, pulling the demand for synthetic rubber increased. Long-lasting rubber bears oscillate at the bottom, and each phase rebounds in a wet and short position with an important pressure of 13,000.

Translated by Google Translator from http://www.cria.org.cn/newsdetail/43701.html

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