Short-term demand is still weak and has a certain inhibition on rubber prices

NR main closing price 11690 (+160) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1735 (+25) US dollars / ton, Malaysian standard rubber 1735 US dollars / ton (+35), Indonesian standard rubber 1785 (+30) US dollars / ton
.

As of May 27: total stock on the exchange 272128 (+2781), exchange warehouse receipt 254370 (-300).

Raw materials: raw film 65.
25 (0), cup glue 48.
7 (+0.
25), glue 67 (+0.
2), tobacco film 70.
7 (+0.
48).

As of May 26, the domestic all-steel tire operating rate was 56.
13% (+1.
6%), and the domestic semi-steel tire operating rate was 64.
17% (+2.
2%)
.

Yesterday, rubber prices continued to be strong, Hainan production areas have not yet been cut, and the domestic raw material tension is maintained
.
At the same time, various parts of the country have successively introduced automobile stimulus policies, which is conducive to the improvement of rubber demand expectations and supports the price of
plate rubber.
In the short term, it is necessary to focus on the progress of cutting in the main production areas of Hainan in China, the current high price is conducive to the release of production, and the concentrated milk supported by supply alone has the risk of
falling.
The support of raw material diversion for full latex prices will also be shaken
.
In addition, this week is approaching the Dragon Boat Festival, the operating rate of tire factories is difficult to increase, and short-term demand is still weak, which has a certain inhibition
on prices.
Rubber cost support is strong, before seeing the price of domestic raw materials and concentrated milk fall, it is expected that rubber prices will continue to be strong and volatile
.