Rubber plate prices continued their downward trend

As of July 15: Exchange Total Inventory 280639 (+262), Exchange Warehouse Receipt 255830 (+3180).

Raw materials: raw film 56.
8 (0), cup glue 47.
75 (-0.
2), glue 52.
5 (0), tobacco film 58.
11 (-0.
07).

As of July 14, the domestic all-steel tire operating rate was 59.
29% (+1.
64%), and the domestic semi-steel tire operating rate was 65% (+1.
57%)
.

Further weakening of demand expectations has led to an early return of RU front-month contracts, which have been discounted to the full latex spot price and also discounted to the mixed rubber
.
The low level of non-standard spreads and basis may limit the decline in futures prices, but the divergence in demand expectations makes the price continue the downward trend
.
The short-term stop still needs to pay attention to the change
in market sentiment.
In the later period, due to the continued increase in supply at home and abroad, the mid-line easing pattern is difficult to change, but in the short term, more attention is paid to the disturbance of supply by periodic weather changes in the main producing areas and the improvement of
demand in the later period after the over-fall.
It is recommended to wait and see
for now.