The main rubber force fluctuates at a low level, and the demand is weak, suppressing the price of the plate

On the 28th, the main closing price of NR was 10590 (-95) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1640 (-20) US dollars / ton, Malaysian standard rubber 1635 US dollars / ton (-25), Indonesian standard rubber 1690 (-15) US dollars / ton
.

As of April 22: total stock on the exchange 262162 (+1184), exchange warehouse receipt 248100 (-20).

Raw materials: raw film 62.
88 (-3), cup glue 46.
2 (-0.
25), glue 62.
2 (0), tobacco film 64.
91 (-0.
14).

As of April 21, the domestic all-steel tire operating rate was 59.
11% (+2.
4%), and the domestic semi-steel tire operating rate was 67.
39% (-1%)
.

The current focus of rubber is still on the demand side, and the actual demand gap and the expected weak demand suppress the plate price
.
The pressure on the supply side for nearly a month is not large, the main production areas of Yunnan in China are released normally, most of Hainan due to the impact of rubber powdery mildew, full cutting is expected to be postponed for one month, the overall impact is not large, superimposed on concentrated milk profits are higher, will make the short-term domestic full latex increment limited
.
Domestic port inventories have not changed much, mainly due to the slow recovery of domestic demand while the decline in arrivals has been achieved
.
In the later stage, focus on the improvement of domestic demand, and port inventory is expected to usher in a small destocking, but the extent is limited
.
It is recommended to wait and see
for now.