Social inventories continued to rise slightly, and rubber prices came under pressure above

Spot market: 12.
22, full latex quotation 12225 yuan / ton (0), mixed rubber quotation 10805 yuan / ton (-45), 3L spot quotation 11625 yuan / ton (0), STR20# quotation 1395 US dollars / ton (0), butylbenzene quotation 10600 yuan / ton (0).

Thai raw materials: raw film no quotation, cup glue 40.
05 baht/kg (-0.
15), glue 46.
10 baht/kg (+0.
1), tobacco sheet 47.
90 baht/kg (-0.
08).

Domestic raw materials: Yunnan glue 10800 yuan / ton (0), Hainan glue 11350 yuan / ton (0).

As of 12.
16: total stock on the exchange 174822 (+2946), exchange warehouse receipt 157380 (+2200).

As of 12.
22, the domestic all-steel tire operating rate was 49.
75% (-6.
76%), and the domestic semi-steel tire operating rate was 58.
35% (-6.
48%)
.

Viewpoint: On the supply side, the price of raw materials in Thailand is mixed, glue continues to rise, the rainfall in the main producing areas of natural rubber in Southeast Asia is slightly weakened compared with the previous cycle, the impact on rubber tapping work is weakened, and the supply of foreign raw materials is expected to increase; There is no quotation for raw materials in Yunnan, raw materials in Hainan production areas have stabilized, and the central and western parts of Hainan have been stopped cutting due to low temperature weather, and the domestic raw material supply has declined, which has supported domestic rubber prices; On the demand side, logistics and transportation were blocked, the operating rate of all-steel and semi-steel fell sharply compared with last week, and terminal demand was weak; In terms of inventory, social inventories continued to rise slightly, and rubber prices were under pressure
above.