Last week, rubber prices were strongly volatile, and the pre-holiday market was volatile

On the supply side, the release of glue in the Hainan production area is abundant, the factory production enthusiasm is high, and the purchase price of concentrated latex in the production area last week stopped falling and rebounded
.
As of September 23, the purchase price of concentrated latex was 10,700 yuan / ton, down 200 yuan / ton
week-on-week.
Last week, Yunnan maintained normal seasonal production, and raw material prices stopped falling and rebounded
during the week.
As of September 23, the price of Yunnan glue was 11,000 yuan / ton, up 100 yuan / ton
week-on-week.
Thailand's production margins are high, and processing plants produce on demand; The average price of raw material purchases in Thailand during the week was narrow.

The weekly average price of glue was 45.
50 baht/kg, unchanged
from last week.
In August 2022, the final value of China's natural rubber (13085, -85.
00, -0.
65%) (including technical classification, latex, tobacco film, primary shape, mixed glue, composite glue) was 486,600 tons, an increase of 1.
17% month-on-month and 15.
76% year-on-year, and the cumulative import from January to August was 3.
7002 million tons, a cumulative increase of 8.
96%
year-on-year.
In the first eight months of 2022, Ivory Coast's rubber exports totaled 821,744 tonnes, an increase of 13.
5%
compared to 724,120 tonnes in the same period of 2021.

In terms of demand, the operating load of all-steel tires of tire enterprises in Shandong last week was 59.
52%, an increase of 9.
45 percentage points from last week and 3.
58 percentage points from the same period last year
.
Last week, the starting load of semi-steel tires of domestic tire companies was 63.
25%, an increase of 6.
98 percentage points from last week and 10.
26 percentage points
over the same period last year.
As of the week of September 23, the inventory of finished steel tires of domestic tire companies was 46 days, flat week-on-week; The inventory of finished semi-steel tires was 46 days, an increase of 1 day
week-on-week.
In August 2022, China's all-steel tire exports were 345,000 tons, down 13.
62% month-on-month and up 2.
44% year-on-year; The cumulative export volume from January to August was 2.
7 million tons, a year-on-year increase of 13.
3%.

China's semi-steel tire exports were 220,400 tons, down 10.
82% month-on-month and up 4.
35% year-on-year; The cumulative export volume from January to August was 1.
629 million tons, a year-on-year increase of 6.
49%.

In terms of inventory, as of the week of September 16, the inventory of 16 samples of natural rubber general trading warehouses in Qingdao was 319,000 tons, an increase of 10,000 tons, or 3.
24%,
over the previous period.
The inventory of 17 samples in the Qingdao Free Trade Zone of natural rubber was 117,300 tons, an increase of 04,100 tons, or 3.
62%,
over the previous period.
The total inventory was 436,300 tons, an increase of 14,100 tons
from the previous period.
As of 09-23, the warehouse order of Tianjiao was 262,100 tons, an increase of 550 tons
week-on-week.
The total inventory of the exchange was 302,561 tons, an increase of 8,875 tons
week-on-week.
As of 09-23, the No.
20 rubber warehouse order was 49,454 tons, down 8,246 tons
week-on-week.
The total stock of the exchange was 59,523 tons, down 7,439 tons
week-on-week.
The total social inventory of natural rubber was 931,400 tons, down 1.
19%
week-on-week.

From the supply side, precipitation increased in major foreign producing areas last week, and raw material prices in Thailand rose
slightly.
In the short term, the precipitation in the main overseas producing areas continues to be high, which has a certain interference
with the output of raw materials.
On the demand side, the tire operating rate returned to the pre-Mid-Autumn Festival level, but there is limited
room for further improvement.
Tire exports fell sharply from the previous month, reflecting a decline
in overseas demand.
In terms of prices, the non-standard basis continued to fall, reflecting that the spot and rally were not enough, and the 01-05 spread began to narrow
slightly.
At the same time, risk aversion is on the rise in the approach of the
November holiday.
Before the holiday, the rubber disk surface oscillated operation
.