Rubber prices continued to fluctuate in a narrow range

As of April 8: total stock on the exchange 258910 (+900), exchange warehouse receipt 246620 (+1090).

Raw materials: raw film 68.
18 (0), cup glue 50.
55 (0), glue 68 (-0.
9), tobacco film 72.
06 (-1.
34).

As of April 7, the domestic all-steel tire operating rate was 49.
43% (-9.
8%), and the domestic semi-steel tire operating rate was 67.
11% (-7.
4%)
.

In the past two days, regardless of the change in market sentiment, rubber prices have continued to fluctuate in a narrow range
.
This is mainly related to the fact that the contradiction between supply and demand is not obvious, on the one hand, due to the support of the cost side, the price is blocked below, on the other hand, due to the weakness of demand, the pressure above the price is still not small
.
By the end of last week, domestic Qingdao port inventories continued to increase slightly, but the growth rate slowed down, mainly because the retreat in port arrivals partially offset the decline in outbound rates caused by sluggish demand
.
Yesterday, there was news in China that it will help the recovery of the logistics market, or bring the impetus to increase the operating rate of some downstream tire factories, but the recovery of real demand still needs to see the real relief
of the domestic epidemic.
RU plate prices have fallen below the cost of domestic raw materials, so rubber prices are expected to stabilize under the warmer market atmosphere, but the upward drive is still insufficient
.