The overall center of gravity of Shanghai rubber has not changed much, and it is still dominated by low-level oscillations

On the supply side, Thailand was in the production increase period in August, but due to the phased rainy weather, the purchase price of raw material glue increased slightly
.
The average monthly purchase price of Thai Hat Yai glue was 49.
91 baht/kg, up 14.
55% from the previous month; The minimum purchase price is 45.
5 baht/kg; The maximum purchase price is 52.
7 baht/kg
.
Domestic raw material prices retreated
from their highs in late August.
Indonesia's natural rubber exports in July 2021 were 200,200 tons, up 2.
2% month-on-month and down 13.
97%
year-on-year.
Among them, 192,000 tons of standard glue were exported, 1,700 tons of mixed glue were exported, and 4,000 tons
of tobacco flake glue were exported.
From January to July 2021, Indonesia's natural rubber exports were 1.
455 million tons, a year-on-year increase of 6.
83%.

On the demand side, the average operating load of all steel tires of Shandong tire enterprises this month was 61.
15%, an increase of 6.
77 percentage points over the start of last month; a decrease of 12.
97 percentage points from the same period last year; This is 2.
57 percentage points
lower than the same period in 2019.
The average monthly operating load of semi-steel tire manufacturers was 58.
74%, up 6.
11 percentage points from the previous month, down 11.
22 percentage points from the same period last year, and 5.
44 percentage points
from the same period in 2019.
In August, tire inventories continued to increase
.
The number of days of inventory turnover of all-steel tires of tire enterprises was 44 days, an increase of 3 days
month-on-month.
The number of days of semi-steel tire inventory turnover of tire enterprises was 41 days, an increase of 1 day
month-on-month.
In August this year, China's heavy-duty truck market is expected to sell 56,000 vehicles of various types (invoice number), down 27% month-on-month, down 57% year-on-year, and sales fell by 74,000 units
from the same period last year.

In terms of inventory, as of August 30, the inventory of 16 samples of natural rubber general trading warehouses in Qingdao was 382,100 tons, a month-on-month decrease of 28,200 tons
.
The inventory of 17 samples in the region was 77,600 tons, down 10,100 tons
month-on-month.
Qingdao's total inventory was 459,700 tons, down 38,300 tons
month-on-month.
As of September 3, Tianjiao warehouse orders were 192,480 tons, an increase of 14,570 tons
month-on-month.
The total inventory of the exchange was 225,354 tons, an increase of 28,604 tons
month-on-month.
No.
20 rubber warehouse order was 30,161 tons, down 4,694 tons
month-on-month.
The total stock of the exchange was 41,443 tons, down 5,731 tons
month-on-month.

In September, the supply side cooled the epidemic hype in Southeast Asia, and the export situation of Thailand and Indonesia did not have a profound impact
on it.
In terms of demand, the problem of inventory pressure and insufficient market demand of tire factory manufacturers is difficult to alleviate in the short term, and September is still
dominated by low volatility.