Demand is slowly recovering There is limited space below rubber prices

On the 8th, the main closing price of NR was 11535 (+60) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1732.
5 (+7.
5) US dollars / ton, Malaysian standard rubber 1725 US dollars / ton (+10), Indonesian standard rubber 1775 (+10) US dollars / ton
.

As of June 2: Exchange total inventory 275126 (+2998), Exchange warehouse receipt 252830 (-1540).

Raw materials: raw film 65.
88 (+0.
88), cup glue 48.
8 (-0.
2), glue 67.
3 (0), tobacco film 70.
14 (-0.
09).

As of June 2, the domestic all-steel tire operating rate was 56.
09% (-0.
04%), and the domestic semi-steel tire operating rate was 64.
92% (+0.
75%)
.

Yesterday, the price decline of raw materials in Hainan's main producing areas slowed down, and at present, the main producing areas of Hainan have been cut sporadically, and the output has not risen for the time being
.
It is expected that the mood adjustment of the plate is basically in place, and the main focus in the later stage is when the domestic Hainan raw materials will recover
normally.
At present, the price of concentrated milk is still in a high position, but the performance of terminal demand is average, so as long as the later production recovers quickly, the price of concentrated milk still has room
to fall.
From the perspective of June, the domestic pressure is not large, the driving point of the market is mainly on the demand side, the domestic Qingdao port inventory fell slightly at the end of last week, mainly due to the slow recovery of domestic demand and the decrease
in port arrivals.
With the improvement in demand month-on-month, there is limited
space below rubber prices.