Rubber prices fluctuate in the short term with the surrounding market atmosphere

On 11.
30, the main closing price of NR was 9635 (+25) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1340 US dollars / ton (-15), Malaysian standard rubber 1337.
5 US dollars / ton (+5).

Ingredients: raw film 44.
02 baht/kg (-0.
21), cup glue 38.
55 baht/kg (+0.
2), glue 44.
1 baht/kg (0), tobacco sheet 46.
38 baht/kg (-0.
39).

As of 11.
25: Exchange total inventory 148585 (-179695), Exchange warehouse receipt 120430 (-179400).

As of 11.
24, the domestic all-steel tire operating rate was 62.
89% (+1.
33%), and the domestic semi-steel tire operating rate was 67.
68% (+0.
09%)
.

The recent contradictions in the rubber market are not prominent, and the global supply and demand in the middle line continue to increase, but in the short term, due to the decrease in domestic standard rubber imports, the supply pressure of NR has not been reflected for the time being, at the same time, NR warehouse receipts are low year-on-year and RU warehouse receipts are too few, RU and NR futures prices are still supported
.
At present, the real domestic demand is still poor, and the domestic November PMI data released yesterday is lower than market expectations, which fully reflects the sluggish
real demand.
However, due to the continuous introduction of domestic macro support policies, the market is expected to improve slightly, which partially supports the price of
industrial products.
It is expected that rubber prices will unilaterally follow the fluctuations of the surrounding market atmosphere in the short term, and the RU and NR price difference is expected to continue to widen
.