Weak market sentiment Rubber prices continue to hit new lows

As of August 26: total stock on the exchange 286882 (+2829), exchange warehouse receipt 261460 (+2800).

Raw materials: raw film 46.
51 (-0.
96), cup glue 42 (-0.
55), glue 46.
5 (-0.
9), tobacco film 48 (-1.
55).

As of August 25, the domestic all-steel tire operating rate was 58.
63% (+1.
82%), and the domestic semi-steel tire operating rate was 61.
66% (+0.
33%)
.

Rubber prices continue to hit new lows, mainly due to the suppression of weak market sentiment, as well as the recent decline in overseas demand and the lack of improvement in domestic demand disturbed by the epidemic, and the expectation of further weakening of rubber price demand has led to the continued downward
bottoming of plate prices.
At present, the market is more spot-driven futures prices weakening, and spot prices represented by Thai mixed prices continue to fall
.
The price of cup rubber in Thailand also showed a continuous downward trend, both reflecting poor demand
.
The global raw material price is still at a medium-high level, resulting in a more certain increase in supply in the later stage, and due to the small production of full latex in the early stage, it is expected that the supply pressure of dark rubber in the later period is more prominent, so the RU and NR price difference continues to widen in the near future, and the logic is expected to continue
.
With no improvement in demand, the pattern of loose supply and demand in the middle line is difficult to change
.