Rubber prices continue to weaken the trend It is recommended to wait and see for the time being

As of January 28: total stock on the exchange 245836 (+1962), exchange warehouse receipt 228700 (+2290).

Raw materials: raw film 56.
70 (+0.
5), cup glue 49.
2 (+0.
15), glue 58.
5 (+1.
3), tobacco film 60.
99 (+1.
04).

As of January 27, the domestic all-steel tire operating rate was 20.
15% (-31.
98%), and the domestic semi-steel tire operating rate was 39.
98% (-15.
03%)
.

During the Spring Festival holiday, driven by the rise in crude oil prices, both Singapore rubber and Japanese rubber rose, bringing about a recovery
in raw material prices in Thailand's main producing areas.
Domestic downstream tire factories have only partially resumed work, and the later period pays attention to the speed of
overall resumption.
At present, the seasonal accumulation of domestic Qingdao port has arrived, mainly due to the recent increase in domestic arrivals and the seasonal decline
in downstream operating rates.
Combined with the domestic downstream off-season, it is expected that the accumulation pattern
will continue before the end of February.
If the number of arrivals in the later period improves significantly, there are concerns about accelerating accumulation, therefore, short-term domestic rubber supply and demand show a weakening momentum, and it is expected that the plate price will continue to weaken, it is recommended to wait and see
for the time being.