Rubber prices are at the lower edge of the range and the space below is limited

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

In terms of raw materials, raw film 62.
15 (+0.
34), cup glue 51 (+0.
35), glue 68.
5 (+1), tobacco film 66.
68 (+0.
39).

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%)
.

As of the end of last week, domestic port inventories continued to rise, but the recovery rate has slowed, mainly related to
the resumption of work downstream.
Approaching the off-season, the price of raw materials in Thailand's mainstream market continues to rise, and the support of rubber costs continues unabated
.
However, the plate price is slightly weak, which is mainly related to
the current seasonal accumulation of domestic supply and demand.
The operating rate of domestic downstream tire factories is still recovering, and the finished product inventory of superimposed tire factories is further accumulated around the Spring Festival, and the demand side is limited before the downstream finished product inventory is 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 driver is weak, but as the price is at the lower edge of the range, the lower space is expected to be limited
.