橡胶油产业周报

Investment Rating - The report does not explicitly provide an investment rating for the rubber oil industry. Core Insights - The demand side remains stable, with rubber oil shipments maintaining essential needs. The rising trend in international oil prices provides support on the cost side [6][12]. - Domestic rubber oil inventory stands at 53,700 tons, indicating a slight decrease due to stable production and incentives for large orders [11][37]. - The overall market for rubber oil is characterized by stable production and a steady demand, with a production capacity utilization rate of 52% [22][26]. Summary by Sections 1. Rubber Oil Product Fluctuation Analysis - The average price for N4006 is 7,363 RMB/ton, N4010 is 7,671 RMB/ton, A0709 is 6,141 RMB/ton (down 0.98%), and A1004 is 6,049 RMB/ton (down 0.99%) [17][19]. - The overall price fluctuation for rubber oil products ranges from -0.99% to 0.00% [19]. 2. Rubber Oil Market Weekly Overview - The domestic rubber oil market shows minor adjustments, with stable prices for N4006 and N4010, while A0709 and A1004 experienced slight declines [24][25]. - The market is influenced by stable production from refineries and a cautious purchasing atmosphere from downstream buyers [25]. 3. Rubber Oil Supply and Demand Situation - The weekly production of rubber oil is reported at 27,000 tons, with stable market supply [28]. - The production and sales ratio for rubber oil is 108%, reflecting a 7% increase from the previous week, driven by large orders stimulating market demand [34]. 4. Rubber Oil Inventory Situation - The rubber oil inventory decreased slightly to 53,700 tons due to reduced supply and incentives for large orders [11][37]. 5. Downstream Situation - The capacity utilization rate for semi-steel tire manufacturers is 64.05%, down 8.46 percentage points week-on-week, indicating a slowdown in production [44]. - The SBS production increased by 6.86% to 21,800 tons, with a capacity utilization rate of 60.64% [47]. 6. Rubber Oil Related Products - International oil prices have shown an upward trend, with WTI at $62.85 per barrel and Brent at $64.86 per barrel, reflecting a 3.13% and 1.11% increase respectively [52]. 7. Trend Forecast - Supply is expected to remain stable, with refineries maintaining production levels, while demand is anticipated to continue at a steady pace [53][54].