Supply and demand drive is insufficient Short-term small fluctuations in rubber prices

As of March 25: Exchange total inventory 257653 (+4090), Exchange warehouse receipt 244170 (+1890).

Raw materials: raw film 63 (+0.
12), cup glue 50.
4 (+0.
1), glue 66.
7 (+0.
4), tobacco film 70.
09 (+0.
41).

As of March 24, the domestic all-steel tire operating rate was 56.
55% (+4.
51%), and the domestic semi-steel tire operating rate was 72.
15% (+2.
95%)
.

Thailand's main producing areas are in the off-season of rubber tapping, and the price of raw materials has continued to recover slightly recently, and the pattern of internal weakness and external strength continues
.
Last week, due to the continuous rainfall in the main producing areas of Yunnan, the output of raw materials is limited, the current raw material prices in the production area fluctuate at 11,500 yuan / ton, converted to RU plate price of about 13,500 yuan / ton, short-term look at the RU05 contract has a certain over-fall, but the domestic production area phenology is good, so how to fluctuate in the later raw material prices also need to pay attention to the output, if domestic demand continues to be sluggish, the price of raw materials will also fall
.
From the micro spread, the price difference between latex and mixed rubber and 3L rubber has been compressed to a low level, and the variety spread is limited
to the continued downward space of full latex prices.
However, the supply and demand drive is insufficient, and it is expected that rubber prices will fluctuate slightly in the short term following the surrounding atmosphere
.