Rubber prices continue to be strong, short-term market bulls are strong

As of September 23: total stock on the exchange 302561 (+8875), exchange warehouse receipt 262100 (+550).

Raw materials: raw film 45.
85 (+0.
25), cup glue 40.
5 (+0.
5), glue 45.
5 (0), tobacco film 48.
72 (+0.
63).

As of September 22, the domestic all-steel tire operating rate was 59.
87% (+9.
45%), and the domestic semi-steel tire operating rate was 62.
96% (+6.
98%)
.

Rubber prices continued to be strong, RU's top 20 net short positions were significantly reduced, and the upward trend of increasing positions also reflected strong short-term bullish sentiment
.
On the one hand, there is more rain in the main producing areas of Hainan in China, and some rain in the main producing areas of Yunnan, resulting in hindered rubber tapping activities, and the reduction in raw material output supports the stabilization and rebound
of raw material prices.
On the other hand, the increase in rainfall in Hainan has intensified the market's expectations for the reduction of domestic full-latex production in the later period, further supporting futures prices
.
Last week, the domestic Qingdao port inventory continued to degrade slightly, mainly due to the increase in the purchase of some raw materials brought about by the downstream pre-holiday rush, and the port outbound rate increased
.
In the later period, there is still rainfall in domestic production areas, and it is expected that short-term rubber prices will continue to be strong, but the supply and demand of the medium line is still not optimistic, it is recommended that short-term participation is appropriate, and the stable continue to wait and see
.