Rubber shows a volatile trend, it is recommended to wait and see for the time being

As of March 18: total stock on the exchange 253563 (+1289), exchange warehouse receipt 242280 (+180).

Raw materials: raw film 62.
88 (0), cup glue 49.
95 (+0.
2), glue 65.
5 (+0.
5), tobacco film 68.
61 (+0.
34).

As of March 17, the domestic all-steel tire operating rate was 52.
04% (-9.
9%), and the domestic semi-steel tire operating rate was 69.
2% (-2.
8%)
.

Rubber prices continued to run weakly yesterday, mainly due to
the slow recovery of domestic demand.
Due to the recent impact of rain, the main producing areas of Thailand have shown relatively strong raw material prices
.
However, at present, the market is more concerned about the progress of domestic cutting, and the price of raw materials in the main producing areas of Yunnan is about 11550 yuan / ton, which is basically flat to the RU05 contract price
on the plate.
The contradiction in the plate is not obvious, but from the perspective of supply and demand in the later period, domestic production is likely to show a seasonal increase, and demand may delay recovery due to the impact of the epidemic, so supply and demand are still weak
.
In the short term, we need to pay attention to the slight impact of crude oil fluctuations, mainly because after the recent narrowing of the price difference between mixed rubber and styrene-butadiene rubber, the strong crude oil price can have a certain conduction effect on natural rubber, and the rubber price may be supported
in the current position.
It is expected that rubber prices may show a volatile trend this week, and it is recommended to wait and see
for the time being.