Short-term strong operation of rubber price The upper space is relatively limited

On Wednesday, the main force of rubber RU closed at 13845 (+15) yuan / ton, the mixed rubber quotation was 12950 yuan / ton (0), and the basis of the main contract was -745 yuan / ton (-65); The top 20 main long positions are 73110 (+3045), short positions 114479 (+5102), and net short positions are 41369 (+2057).

NR main closing price of 11440 (+65) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1790 (+5) US dollars / ton, Malaysian standard rubber 1785 US dollars / ton (+7.
5), Indonesian standard rubber 1815 (+5) US dollars / ton
.

As of April 1: total stock on the exchange 258010 (+357), exchange warehouse receipt 245530 (+1360).

Raw materials: The market is closed, no quotation
.
Raw film 64.
29 (0), cup glue 51.
15 (0), glue 68.
5 (0), tobacco film 75.
5 (0).

As of March 31, the domestic all-steel tire operating rate was 59.
23% (+2.
68%), and the domestic semi-steel tire operating rate was 74.
52% (+2.
37%)
.

At present, domestic industrial products are still trading the logic of expected increase in demand, and rubber prices continue to fluctuate
strongly.
Overseas Thailand and other major producing countries due to the rubber tapping off-season, raw material prices firm, recently continued a slight upward momentum
.
The main production area of Yunnan in China is in the early stage of cutting, the release of raw material production is limited, the price of raw materials tends to be stable, the current RU plate price is basically near the cost line, and is not overestimated, so under the expectation of domestic demand, the price trend shows a strong shock
.
In the later stage, domestic rubber will continue to increase, imported rubber due to overseas off-season, supply pressure is difficult to reflect, if domestic demand actually recovers, port inventory is expected to continue to degrade, or can support rubber prices short-term strong operation, but RU due to supply recovery, the upper space is more limited
.