Insufficient upward price driving rubber short-term or maintain a volatile trend

As of February 11: Exchange Total Inventory 248005 (+2169), Exchange Warehouse Receipt 232760 (+4060).

Raw materials: raw film 60.
68 (+0.
18), cup glue 50 (0), glue 65 (+1), tobacco film 63.
99 (-0.
62).

As of February 10, the domestic all-steel tire operating rate was 9.
25% (+6.
6%), and the domestic semi-steel tire operating rate was 20.
11% (+6%)
.

Yesterday, rubber prices continued to decline, generally following the surrounding market atmosphere fluctuations, but due to the strong support of raw material costs, it is expected to continue to have limited downward space
.
As of the end of last week, domestic port inventories continued to recover, and the recent increase in shipping schedules became the main accumulation factor, while downstream has not fully resumed work, and raw material procurement demand is also light
.
This week, the downstream will gradually usher in the resumption of work, and the overall start and recovery date is slightly earlier than previously expected, focusing on the recovery of
downstream demand.
Thailand's main producing areas have entered a period of low raw material production, with limited raw material output and strong raw material prices
.
Downstream finished product inventory also needs news, do not see the pressure of finished products before the decline, it is expected that raw material procurement demand recovery is limited, upward drive is insufficient, short-term prices or maintain a volatile trend
.
It is recommended to wait and see
for now.