Under the background of weak supply and demand, the rubber range oscillates

Spot market: On January 11, the quotation of full latex was 12525 yuan / ton (+275), the price of mixed rubber was 10825 yuan / ton (+100), the price of 3L spot was 11750 yuan / ton (+175), the price of STR20# was 1425 US dollars / ton (+10), and the quotation of benzene butadiene was 10700 yuan / ton (0).

Thai raw materials: raw film no quotation, cup glue 39.
25 baht/kg (0), glue 44 baht/kg (+0.
20), tobacco film 47.
25 baht/kg (+0.
04).

Domestic raw materials: Yunnan glue 10800 yuan / ton (0), Hainan glue 11350 yuan / ton (0).

As of January 6: Exchange total inventory 186744 (+42), Exchange warehouse receipt 173770 (-1200).

As of January 5, the domestic all-steel tire operating rate was 44.
25% (-0.
45%), and the domestic semi-steel tire operating rate was 51.
52% (-2.
07%)
.

Viewpoint: On the supply side, Vietnam and northeast Thailand have entered a period of production reduction, the price of mainstream raw materials in Thailand continues to rise steadily, and the supply pressure in the production area has weakened, supporting rubber prices; On the demand side, the production suspension during the Spring Festival holiday dragged the operating rate to continue to decline, and it was still in a sluggish state in the short term; In terms of inventory, the overall inventory of tire enterprises is sufficient, social inventory continues to accumulate, and exchange warehouse receipts decline slightly; Pay attention to the delivery trend and position changes, under the background of weak supply and demand, long-short switching is more frequent, and rubber oscillations run
.