The price of Shanghai rubber first rose and then fell and remained in the original range of shocks

On the supply side, domestic production areas stopped cutting, and the purchase price of raw material glue in Thailand rose this week
.
In February, Thailand gradually entered a period of production reduction, and production enterprises actively stockpiled raw material production before the low production period, supporting the increase in acquisition prices
.
Vietnam's rubber exports in January 2022 totaled 192,700 tons, down 22.
95% month-on-month and up 1.
54%
year-on-year.
Exports to China in January were 143,200 tons, down 24.
66% month-on-month and up slightly 0.
59%
year-on-year.
Malaysia's natural rubber exports in December 2021 were 46,000 tons, down 24.
55% month-on-month and 25.
29%
year-on-year.
In 2021, Malaysia's natural rubber exports were 653,200 tons, an increase of 15.
58%
year-on-year.
Indonesia's exports of natural rubber in December 2021 were 196,300 tons, down 1.
51% month-on-month and 6.
26
% year-on-year.
In 2021, Indonesia's total natural rubber exports were 2.
373 million tons, a year-on-year decrease of 3.
37%.

On the demand side, the starting load of all-steel tires of tire enterprises in Shandong this week was 8.
62%, and the starting load of all-steel tires during the Spring Festival was 2.
54%.

The starting load of semi-steel tires was 20.
49%, and the starting load of semi-steel tires during the Spring Festival was 14.
73%.

In January 2022, China's heavy-duty truck market sold approximately 78,000 units, up 36% from December 2021, but due to the impact of last year's high base, it decreased by 57%
from 183,400 units in the same period last year.

In terms of inventory, as of February 7, the inventory of 16 samples of the natural rubber general trading warehouse in Qingdao was 273,100 tons, an increase of 47,800 tons, or 21.
22%,
over the previous period.
The inventory of 17 samples in the region was 107,600 tons, an increase of 30,200 tons, or 39.
02%,
from the previous period.
The sharp increase in inventory data was mainly due to
the centralized warehousing before the Spring Festival.
As of 02-11, the warehouse order of Tianjiao was 232,760 tons, an increase of 4,060 tons
week-on-week.
The total inventory of the exchange was 248,005 tons, an increase of 2,169 tons
week-on-week.
No.
20 rubber warehouse order was 80,428 tons, an increase of 6,854 tons
week-on-week.
The total stock of the exchange was 88,623 tons, an increase of 3,024 tons
week-on-week.

From a fundamental point of view, the current domestic cutting of Tianjiao is stopped, and overseas is gradually entering a low production period, and the supply pressure is small
.
However, the pace of demand recovery is slow, and in the short term, it is expected that the surface of the sky rubber disk will run strongly, but the strength is limited
.