Supply and demand expectations are expected to improve, and rubber shows a certain repair market

As of May 20: Exchange Total Inventory 269347 (+2224), Exchange Warehouse Receipt 254670 (+690).

Raw materials: raw film 63.
88 (+1.
65), cup glue 47.
45 (+0.
25), glue 67 (+0.
5), tobacco film 69.
2 (+0.
09).

As of May 19, the domestic all-steel tire operating rate was 54.
53% (-1.
11%), and the domestic semi-steel tire operating rate was 62% (+1.
51%)
.

Opinion: Affected by rainfall, raw material prices at home and abroad have been firm
.
In China, due to the delay in cutting in the main producing areas of Hainan and the high price of concentrated milk, the domestic raw material diversion has reduced the output of full latex, and cost is the most important supporting factor
for the current plate.
It is expected that the main producing areas of Hainan in China will usher in full cutting in June, and the high raw material prices and the current rain will moisturize, which is conducive to the recovery of production in the later period
.
Domestic demand is gradually easing with the epidemic situation in Shanghai, the market is expected to improve the demand in the later period, although the current rubber demand is still biased, but the expectation is improving, supply and demand is expected
to improve.
In the near future, rubber is expected to show a certain price repair market under low valuation
.