Rubber raw material prices are mixed, and it is expected that the downside is limited

Spot market: 12.
21, full latex quotation 12225 yuan / ton (+75), mixed rubber quotation 10850 yuan / ton (-25), 3L spot quotation 11625 yuan / ton (+20), STR20# quotation 1395 US dollars / ton (-10), butylbenzene quotation 10600 yuan / ton (0).

Thai raw materials: raw film no quotation, cup glue 40.
20 baht/kg (-0.
3), glue 46.
00 baht/kg (+0.
2), tobacco sheet 47.
98 baht/kg (+0.
18).

Domestic raw materials: Yunnan glue 10800 yuan / ton (0), Hainan glue 11350 yuan / ton (0).

As of 12.
16: Exchange Total Inventory 174822 (+2946), Exchange Warehouse Receipt 155180 (+1480).

As of 12.
15, the domestic all-steel tire operating rate was 56.
51% (-3.
85%), and the domestic semi-steel tire operating rate was 64.
83% (-1.
3%)
.

On the supply side, the price of raw materials in Thailand is mixed, glue continues to rise, Thailand and Vietnam will have reduced rainfall in the next few days, the impact on rubber tapping work is weakened, and there is a strong expectation for foreign raw material supply; There is no quotation for raw materials in Yunnan, raw materials in Hainan production areas have stabilized, and the central and western parts of Hainan have been stopped cutting due to low temperature weather, and the domestic raw material supply has declined, which has supported domestic rubber prices; On the demand side, the operating rate of all-steel and semi-steel is low year-on-year, logistics and transportation are blocked, and terminal demand is weak; In terms of inventory, Qingdao Free Trade Zone inventory accumulated slightly, last week social inventory accumulation range increased significantly compared with the previous period, recent futures delivery profit preference, hedging delivery willingness enhanced, RU successively new registered warehouse receipts more, with the rapid decline of futures plate prices, the futures price spread narrowed, it is expected that rubber decline space is limited
.