Rubber generally maintained a strong oscillation trend

Ingredients: raw film 44 baht/kg (0), cup glue 40 baht/kg (+0.
95), glue 44.
4 baht/kg (+0.
3), tobacco film 47.
25 baht/kg (+0.
35).

As of 12.
2: Exchange total inventory 155285 (+6700), Exchange warehouse receipt 125220 (+4790).

As of 12.
1, the domestic all-steel tire operating rate was 60.
53% (-2.
36%), and the domestic semi-steel tire operating rate was 64.
19% (-3.
49%)
.

Viewpoint: Yesterday's rubber prices rushed back down, generally maintained a strong shock trend, under the gradual stabilization of market sentiment, pay attention to the short-term possible upward resistance
.
Due to the lackluster fundamentals of rubber itself, with the recent slight improvement of domestic logistics, the replacement market demand may rebound, but the downstream is currently in the off-season, and the overall improvement may be limited
.
The supply side continues the situation of domestic increase and limited overseas continued supply recovery, and the current raw material price level and weather are basically in a normal state, rubber tapping is carried out normally, and this week due to the impact of rainfall in Thailand, raw materials have picked up slightly, and the recovery of cup rubber prices is more driven by the rise in finished product prices, resulting in a further decline in the price difference between Thai glue and cup rubber
.