Demand is difficult to have obvious bright spots, and it is expected that rubber prices are weak and difficult to change

Ingredients: raw film 48.
53 baht/kg (0), cup glue 39.
9 baht/kg (-0.
9), glue 47.
1 baht/kg (+0.
1), tobacco sheet 50.
88 baht/kg (-0.
12).

As of 10.
21: total stock on the exchange 312540 (+3560), exchange warehouse receipt 285470 (+1780).

As of 10.
20, the domestic all-steel tire operating rate was 52.
14% (-6.
77%), and the domestic semi-steel tire operating rate was 64.
77% (+0.
37%)
.

Rubber prices continued to fluctuate at a low level, and prices rebounded
after approaching the previous low.
The contradiction between supply and demand has not changed significantly, and recent fluctuations follow the surrounding atmosphere
more.
On the supply side, due to the continued recovery of domestic imports in the later period and the gradual recovery of domestic raw materials, it showed a continuous increase trend
.
There is no bright spot in domestic demand, the domestic replacement market is relatively sluggish, and downstream demand is approaching the off-season, and the domestic stable growth policy will be further increased in the later period
.
Fears of a downturn in overseas demand have not diminished, with the Fed's interest rate hike and a possible economic crisis in Europe all factors dampening demand in the later period
.
Under the certainty of the increase in mid-line supply, it is difficult for demand to have obvious bright spots, inventory still has accumulated risks, and it is expected that rubber prices are weak and difficult to change
.
Short-term domestic raw material prices are depressed and profitable, and prices may be supported
below.