Rubber prices continue to fluctuate strongly, and there is still uncertainty in the trend

Ingredients: raw film 44.
23 baht/kg (-0.
27), cup glue 38.
05 baht/kg (0), glue 44.
1 baht/kg (0), tobacco film 46.
66 baht/kg (+0.
06).

As of 11.
25: Exchange total inventory 148585 (-179695), Exchange warehouse receipt 120430 (-179400).

As of 11.
24, the domestic all-steel tire operating rate was 62.
89% (+1.
33%), and the domestic semi-steel tire operating rate was 67.
68% (+0.
09%)
.

Opinion: As of the end of last week, domestic port inventories continued to accumulate slightly
.
The futures market is mainly supported by the low level of warehouse receipts, and the price continues to be strongly volatile
.
From a fundamental point of view, due to the sluggish demand for tires, the RU non-standard price spread continued to widen, and the inventory continued to accumulate slightly due to the gradual increase in domestic arrivals
.
In the medium term, global rubber production continues to increase, and the domestic will usher in a full cut at the end of next month, it is expected that the price difference between RU and NR is expected to continue to widen, and there is still uncertainty in the unilateral trend, it is recommended to wait and see
for the time being.