Inventories remain high Natural rubber quotations are weak to move higher

Taking Hainan as an example, the release of raw material glue in Hainan is stable, and the current glue supply of processing plants is sufficient, and because the fourth batch of central environmental protection inspectors will be stationed in Hainan and other places in the past two days to carry out inspection work, some private factories have stopped production due to environmental protection standards, and the overall processing capacity has plummeted resulting in excess of raw material glue, so the purchase price of glue has fallen sharply by 700 yuan / ton to 12.
3 yuan / kg
.

Globally, natural rubber production areas have been cut one after another, the current rubber production season, it is rumored that this year's new rubber tapping area has increased, 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
.

Downstream tire shipments are relatively good, high temperature weather limits the operating rate is further improved, and finished product inventory is further digested
.
The recent capital rotation has pulled up the stagflation varieties in the early stage, and the low absolute price of rubber has a strong attraction for funds outside the industry, and it is recommended to wait and see
.