Supply and demand drive is still insufficient Rubber rebound space is limited

On the 30th, the main closing price of NR was 11400 (-5) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1680 (-20) US dollars / ton, Malaysian standard rubber 1675 US dollars / ton (-22.
5), Indonesian standard rubber 1735 (-10) US dollars / ton
.

As of May 27: total stock on the exchange 272128 (+2781), exchange warehouse receipt 254370 (-300).

Raw materials: raw film 64.
89 (0), cup glue 48.
30 (+0.
3), glue 66.
5 (+0.
3), tobacco film 69.
96 (+0.
27).

As of May 26, the domestic all-steel tire operating rate was 56.
13% (+1.
6%), and the domestic semi-steel tire operating rate was 64.
17% (+2.
2%)
.

The resumption of work and production in Shanghai and the boost of domestic macro policies have led to a warm market atmosphere, especially industrial products, but rubber performance is relatively weak
.
Mainly because rubber has continued to rebound recently, over time, the market's expectations for Hainan production recovery have rekindled, making the price rebound weak
.
However, it will take time for domestic supply pressure to appear, and it is difficult to ease the short-term domestic raw material tension, superimposed demand recovery, and it is expected that rubber prices will continue to fluctuate
strongly.
However, before the downstream tire finished product inventory has not materialized, the supply and demand drive is still insufficient, limiting the rebound space
.
In the later stage, it will focus on the cutting situation in Hainan and the price change
of concentrated milk.