Rubber is expected to be weak in the short term, focusing on the pace of domestic demand recovery

As of March 4: total stock on the exchange 251204 (+2189), exchange warehouse receipt 241220 (+3970).

Raw materials: raw film 63.
59 (-1.
6), cup glue 50.
30 (-0.
5), glue 68.
8 (-0.
7), tobacco film 66.
9 (-0.
7).

As of March 3, the domestic all-steel tire operating rate was 57.
48% (+4.
7%), and the domestic semi-steel tire operating rate was 60.
39% (+5.
1%)
.

As of the end of last week, domestic port inventories continued to recover, but due to the significant decline in port arrivals last week, the accumulation of inventory has declined, and due to the slow recovery of demand, the recovery of port outbound rates has been limited
.
As oil prices continue to rise, synthetic rubber prices have risen this week, and later attention will be paid to whether the price difference between mixed rubber and benzene butadiene has reversed
.
At present, the fundamentals of rubber are still relatively weak, the futures premium pattern continues, and the demand side has not yet seen obvious highlights, especially the continuation of the situation in Russia and Ukraine, which will also have a certain impact
on the tire and automobile production overseas, especially in European countries.
In the later stage, the focus will be on the pace
of domestic demand recovery.
In the short term
, rubber prices are expected to continue to be weak.