Rubber is expected to maintain the upward trend of the center of gravity

As of January 14: Exchange Total Inventory 239925 (+5125), Exchange Warehouse Receipt 219910 (+4400).

Raw materials: raw film 55.
05 (0), cup glue 49.
15 (+0.
6), glue 53.
8 (+0.
8), tobacco film 59.
11 (+0.
82).

As of January 13, the domestic all-steel tire operating rate was 59.
01% (+6.
98%), and the domestic semi-steel tire operating rate was 59.
36% (-0.
69%)
.

Last week, domestic port inventories ushered in an inflection point, mainly due to
the recent slight recovery in port arrivals and the cooling of downstream factory purchases.
As the domestic downstream is close to the Spring Festival, it is expected that the domestic port inventory will continue to accumulate slightly in the later period, but because the shipping schedule has not been completely solved, the seasonal accumulation of domestic ports is not as large as in previous years, and the support below the rubber price still exists
.
At the same time, Thailand's main producing areas are about to enter the off-season of rubber tapping, the domestic completely stopped cutting, the domestic supply pressure in the later period is still small, focusing on the recovery of demand after the year, it is expected that rubber prices are expected to maintain the upward trend
of the center of gravity.
If domestic supply follow-up is insufficient after the year, it may lead to further exacerbation
of spot tensions.
Under the expectation of domestic macro easing, demand is expected to pick up after the year, it is recommended to wait for the accumulation around the Spring Festival to bring the opportunity to fall and seize the opportunity
to buy on the dip.