Rubber maintained a weak trend, and prices continued to find a bottom

As of March 11: total stock on the exchange 252274 (+1070), exchange warehouse receipt 242100 (+880).

Raw materials: raw film 63.
38 (0), cup glue 49.
3 (-0.
5), glue 65.
5 (0), tobacco film 67.
17 (+0.
1).

As of March 10, the domestic all-steel tire operating rate was 61.
94% (+4.
46%), and the domestic semi-steel tire operating rate was 72% (+11.
61%)
.

This week's rubber is mainly affected by the spread of the domestic epidemic, and the prevention and control measures will periodically affect the demand for tire replacement, bringing that rubber prices will continue to bottom down this week
.
At the same time, the main producing areas of Yunnan in China are expected to start cutting on the 20th of this month, and under the current raw material price level and the economic inhibition of the epidemic, it is expected that rubber farmers will still have a good
enthusiasm for rubber tapping.
Under the imminent release of domestic production and less than expected demand, the full latex inventory will usher in accumulation, while the port arrival volume will continue to increase, and the accumulation cycle of port inventory will also continue, and the subsequent rubber price will continue to be pressured
.
Due to the premium of futures and loose supply and demand, the RU05 contract maintained a weak trend under the logic of delivery in the later period, but the 13,000 yuan / ton line basically touched the domestic cost line
.