Market sentiment improved slightly Rubber prices may rebound this week

NR main closing price of 11350 (+15) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1765 (0) US dollars / ton, Malaysian standard rubber 1760 US dollars / ton (0), Indonesian standard rubber 1805 (0) US dollars / ton
.

As of April 15: total stock on the exchange 260978 (+2068), exchange warehouse receipt 248120 (+1500).

Raw materials: raw film 67.
88 (0), cup glue 50 (0), glue 63 (-1), tobacco film 72.
32 (-0.
18).

As of April 14, the domestic all-steel tire operating rate was 56.
71% (+7.
28%), and the domestic semi-steel tire operating rate was 68.
38% (+1.
27%)
.

As of the end of last week, domestic Qingdao port inventories continued to recover slightly, and the recovery continued to slow.

Port inbound and outbound warehouses rebounded last week, but the improvement in outbound rates was limited
due to demand inhibition.
At present, the contradiction between supply and demand is not obvious, and the price of the disk fluctuates
in a narrow range.
With a slight improvement in market sentiment, a rebound is expected to dominate
this week.
Overseas raw material prices have adjusted slightly, but absolute prices are still at a high level, and domestic raw material prices have also performed relatively firmly, and there is no concern
for short-term supply pressure.
Demand is still recovering slowly, and the contradiction of high finished product inventory in tire factories has not been eliminated, and it is recommended to wait and see
for the time being.