Demand expectations are pessimistic, rubber futures prices increase positions downward

Ingredients: raw film 48.
6 baht/kg (0), cup glue 41.
65 baht/kg (-0.
25), glue 47 baht/kg (0), tobacco sheet 52.
5 baht/kg (-0.
91).

As of 10.
14: total stock on the exchange 308980 (+2718), exchange warehouse receipt 284790 (+13870).

As of 10.
13, the domestic all-steel tire operating rate was 58.
91% (+24.
82%), and the domestic semi-steel tire operating rate was 64.
4% (+23.
76%)
.

Nearly, the actual domestic demand is still poor, and the operating rate of downstream tire factories is relatively low
.
Under the pessimistic expectation of demand, the futures price increased its position to the downside
.
Under the lack of improvement in demand and the suppression of industrial activities by the domestic epidemic, the price performance of mixed rubber is weaker, and the current RU non-standard price spread is still at a high level, and the pressure of plate arbitrage will gradually appear
.
On the supply side, the short-term raw material release in the main producing areas at home and abroad is partially disturbed by the weather, but the trend of gradual increase of raw materials in the later period is difficult to change
.
Therefore, under the certainty of the increase in mid-line supply, it is difficult for demand to have obvious bright spots, inventory still has accumulated risks, and it is expected that rubber prices are weak and difficult to change
.
Under the short-term raw material price profit loss, the price still repeats
.