Market sentiment warms up rubber may have a slight boost

On the 21st, the main closing price of NR was 11960 (-80) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1835 (+5) US dollars / ton, Malaysian standard rubber 1827.
5 US dollars / ton (+10), Indonesian standard rubber 1880 (+5) US dollars / ton
.

As of February 18: Exchange total inventory 247845 (-160), Exchange warehouse receipt 236010 (+3250).

Raw materials: raw film 61.
81 (+1.
06), cup glue 50.
65 (+0.
25), glue 67.
5 (+1.
5), tobacco film 66.
29 (+1.
3).

As of February 17, the domestic all-steel tire operating rate was 33.
05% (+23.
8%), and the domestic semi-steel tire operating rate was 36.
18% (+16.
1%)
.

At present, the support below rubber prices is still mainly from high raw material prices, as well as limited domestic inventory accumulation, and the total inventory is still at a low level
year-on-year.
Because the operating rate of domestic downstream tire factories is still recovering, the finished product inventory of superimposed tire factories is further accumulated around the Spring Festival, and the demand side is limited before seeing the downstream finished product inventory substantially destocked
.
The pressure on the supply side mainly comes from the improvement of imports at the port, but the domestic cutting will still need to be until late March, the short-term supply pressure is limited, and the later domestic cutting is expected to become one of the focus of
the market.
The short-term supply and demand drive is weak, but because the price is at the lower edge of the range, the market atmosphere is warming, and the rubber price may be slightly boosted
.