May 18 major domestic rubber market morning evaluation

From the perspective of inventory, as of mid-May, rubber stocks in Qingdao Free Trade Zone continued to rise to 267,800 tons, an increase of 18,000 tons, or 7.
2%,
from 249,800 tons in early May.
Among them, natural rubber was 206,800 tons, an increase of 16,400 tons, an increase of 8.
61%; synthetic rubber 56,700 tons, an increase of 17,000 tons, an increase of 3.
09%; Composite rubber was 04,300 tons, a decrease of 0.
01 million tons, a decrease of 2.
27%.

In terms of downstream demand, agricultural film dealers are cautious to place orders, agricultural film manufacturers are not good production, there are not many start-up manufacturers, and most enterprises are shut down for maintenance
.
Agricultural film manufacturers have a wait-and-see attitude towards the current market, and the enthusiasm for stocking is low
.
The price of finished agricultural film products is narrowly sorted
.

In summary, downstream demand currently lacks room for improvement, and supply is gradually increasing
.
At present, only the lower price is supported
by the bullish.
Therefore, the future rebound space is limited, and rubber prices will still return to the downward path
.