Rubber inventories rebound Spot prices continue to fall

As of April 8: total stock on the exchange 258910 (+900), exchange warehouse receipt 246620 (+1090).

Raw materials: the market is closed, no quotation
.
Raw film 68.
18 (0), cup glue 50.
55 (0), glue 68 (0), tobacco film 72.
06 (0).

As of April 7, the domestic all-steel tire operating rate was 49.
43% (-9.
8%), and the domestic semi-steel tire operating rate was 67.
11% (-7.
4%)
.

Due to the impact of the domestic epidemic, the downstream tire factory finished product inventory can not be shipped out, and raw materials can not be transported in, the operating rate of some tire factories has been forced to decline, the current tire factory operating rate is at the low level of the same period in recent years, and the finished product inventory is also in a high position
.
Domestic Qingdao port inventory has also rebounded for several weeks, while the overseas off-season has led to limited domestic arrivals, so the change in inventory in the later period mainly comes from changes in domestic demand, and the impact of the epidemic dominates
.
The market price has fallen below the cost of domestic raw materials, and the valuation is relatively low, it is recommended to wait and see for the time being, and pay attention to the marginal impact
of changes in the domestic epidemic on demand.