Rubber continues its weak trend It is recommended to wait and see for the time being

As of January 28: total stock on the exchange 245836 (+1962), exchange warehouse receipt 228700 (+2290).

Raw materials: raw film 57.
89 (+1.
19), cup glue 49.
3 (+0.
1), glue 59.
5 (+1), tobacco film 62.
02 (+1.
03).

As of January 27, the domestic all-steel tire operating rate was 20.
15% (-31.
98%), and the domestic semi-steel tire operating rate was 39.
98% (-15.
03%)
.

It is reported that the latest inventory data released shows that domestic port inventories continue to rise, mainly due to the increase in port arrivals and the decline
in downstream demand for goods.
Domestic downstream tire factories have only partially resumed work, and the later period pays attention to the speed of
overall resumption.
At present, the seasonal accumulation of domestic Qingdao port has arrived, combined with the domestic downstream off-season, it is expected that the accumulation pattern
will continue before the end of February.
During the Spring Festival, the number of arrivals continued to rise, if the later arrivals improved significantly, there are concerns about accelerating the accumulation, therefore, short-term domestic rubber supply and demand showed a weakening momentum, it is expected that the price of the plate will continue to weaken, but the support of raw material prices is still strong, it is recommended to wait and see
for the time being.