Supply and demand drive is weak Rubber has fallen into low range

Ingredients: raw film 46.
39 baht/kg (-2.
14), cup glue 37.
7 baht/kg (-1.
75), glue 47 baht/kg (-0.
3), tobacco film 48.
15 baht/kg (-1.
22).

As of 10.
28: Exchange total inventory 312807 (+267), Exchange warehouse receipt 292020 (+5450).

As of 10.
27, the domestic all-steel tire operating rate was 47.
64% (-4.
5%), and the domestic semi-steel tire operating rate was 55.
34% (-9.
43%)
.

Rubber prices continue to be weak, raw material prices in Thailand's main producing areas fell sharply yesterday, affected by rainfall in the early stage, raw material prices were relatively firm, but with the peak season in November, the increase in output will make raw material prices still have downward space
.
At present, the increase in recession expectations in overseas markets has brought about the intensification of concerns about the continued weakness of domestic tire exports in the later period, short-term demand pessimistic expectations or dominated the logic of the futures market, as the market atmosphere eases the decline in rubber prices or slows down, but because the global supply of natural rubber is more certain, downstream demand has no bright spots, natural rubber supply and demand drive is weak, and it is expected that the price will continue to run weakly in the later period
.
At present, upstream production profits are gradually compressed, and prices have fallen into a low range, waiting for the opportunity
to rebound and sell short.