Downstream demand is weak Natural rubber market is sluggish

Specifically, from the following aspects:

In terms of output, the global production area has been cut one after another, and the current rubber production season is currently in the peak season, and it is rumored that the new rubber tapping area has increased this year, and the global production of sky rubber is expected to increase
significantly.
In Southeast Asia, there may be a decision to reduce exports or limit production at the September tripartite meeting, and the market has little hope for this news at present
.

On July 17, the total rubber inventory in Qingdao Free Trade Zone continued to decline by 4.
39% to 258,900 tons, and the natural rubber inventory continued to decline by 3.
22% to 201,400 tons, but it was still higher than the inventory in the same period of the past two years; the pressure on the inventory of the last period of the sky rubber hit a record high, and the huge inventory brought heavy pressure
to the market.

In terms of demand, from the downstream situation, last week the domestic all-steel tire and semi-steel tire operating rate has increased month-on-month, but the overall demand is still weak, the current high temperature weather, the factory operating rate is difficult to rise significantly, the domestic tire factory operating rate is basically at the lowest level in the same period of nearly four years, it can be seen that downstream demand is very sluggish
.