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Downstream market demand weakened Tianjiao quotations remained weak

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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Recently, the rubber market has actively intervened on the supply side, such as abandonment and discussion of export restrictions in rubber-producing countries, which has led to a phased over-fall rebound
in rubber.

rubber

However, in July, the supply of natural rubber increased, and foreign production areas ushered in a peak period
.
The inventory of China's bonded zone is still high, and the inventory of the last period was 358,200 tons, an increase of 1,233 tons, and the inventory of the last period was at a high level

Inventories in Qingdao bonded port area remained high, standing at 278,800 tons as of mid-June, up 0.
65%, and inventory levels were higher
.

July is the off-season of the car market, the tire operating rate is still not high, some tire factories and tire traders inventory still need to be digested, July tire demand side support is limited, it is expected that there is some resistance
to the rise in rubber spot market quotations.

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