Insufficient upward drive Short-term rubber prices fluctuate at a low level

No.
2, NR main closing price 10530 (+60) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1602.
5 (-7.
5) US dollars / ton, Malaysian standard rubber 1585 US dollars / ton (-20), Indonesia standard rubber 1635 (-5) US dollars / ton
.

As of July 29: total stock on the exchange 278449 (-476), exchange warehouse receipt 255,300 (+60).

Raw materials: raw film 53.
99 (-0.
24), cup glue 47.
05 (-0.
35), glue 52.
7 (-0.
5), tobacco film 55.
88 (-0.
41).

As of July 28, the domestic all-steel tire operating rate was 58.
67% (+3.
11%), and the domestic semi-steel tire operating rate was 64.
2% (-0.
57%)
.

As of the end of last week, domestic Qingdao port inventory rebounded slightly, the recent domestic downstream demand is still poor, under the price fall, downstream demand for goods is general, resulting in last week's port outbound rate down
.
Under the weakening of the market atmosphere, rubber prices continued to weaken yesterday, but because the plate price is already in the low range, the space below is limited in the short term, unless the later period sees that domestic raw materials continue to decline under the supply of peak season
.
The RU front-month contract is subject to delivery logic, and the difference in domestic real demand suppresses rubber prices, although the absolute price is already at a relatively low level, but the upward drive is insufficient, and the short-term rubber price is mainly volatile
.