Market sentiment has weakened, and rubber may maintain a volatile trend in the short term

As of February 11: Exchange Total Inventory 248005 (+2169), Exchange Warehouse Receipt 232760 (+4060).

Raw materials: raw film 60.
5 (+0.
51), cup glue 50 (+0.
3), glue 64 (+2), tobacco film 64.
61 (+0.
86).

As of February 10, the domestic all-steel tire operating rate was 9.
25% (+6.
6%), and the domestic semi-steel tire operating rate was 20.
11% (+6%)
.

This week, the downstream will gradually usher in the resumption of work, and the overall start and recovery date is slightly earlier than previously expected, focusing on the recovery of
downstream demand.
Thailand's main producing areas have entered a period of low raw material production, raw material output is limited, yesterday's raw material market prices continued to rise, rubber cost support is strong
.
The partial easing of port shipping schedules has led to the continuous accumulation of domestic port inventory, and the later period mainly focuses on whether the change in demand will bring about a decrease
in the accumulation speed.
At present, the market due to the Fed interest rate hike pace of the expectation of acceleration, market sentiment has weakened, while rubber itself downstream finished product inventory still needs to be digested, did not see the pressure of finished products before the decline, it is expected that raw material procurement demand recovery is limited, short-term prices or maintain a volatile trend
.
It is recommended to wait and see
for now.