The short-term disk surface of rubber is mainly oscillating at a low level

On the supply side, the purchase price of raw material glue in Thailand last week retraced
from the high.
Due to the recent weakening demand for concentrated milk and the lack of rainfall in southern Thailand, processing plants are generally receptive to high-priced raw materials based on production profit
considerations.
The average price of glue was 69.
12 baht/kg, down 2.
29%
month-on-month.
Vietnam's total rubber exports in February 2022 were 101,700 tons, down 47.
22% month-on-month and 2.
96%
year-on-year.
From January to February 2022, Vietnam's total rubber exports were 294,400 tons, down slightly by 0.
07%
year-on-year.

On the demand side, the operating load of all-steel tires of tire companies in Shandong last week was 62.
2%, up 1.
76 percentage points from last week and down 15 percentage points
from the same period last year.
The starting load of semi-steel tires was 72.
52%, up 4.
38 percentage points from last week and down 0.
38 percentage points
from the same period last year.
In February 2022, China's total production of all-steel tires was 6,113,700 units, down 21.
22%
year-on-year.
From January to February 2022, the cumulative production of all-steel tires in China was 14.
861 million units, down 26.
03%
year-on-year.
China's total production of semi-steel tires in February was 27,183,100 tires, down 7.
63%
year-on-year.
From January to February 2022, the cumulative output of semi-steel tires in China was 65.
6448 million pieces, down 11.
29%
year-on-year.
According to the China Association of Automobile Manufacturers, China's automobile production and sales in February totaled 1.
813 million units, down 25.
2% m/m and 31.
4% m/m, and up 20.
6% y/y and 18.
7%
y/y, respectively.

In terms of inventory, as of March 7, the inventory of 16 samples of natural rubber general trading warehouses in Qingdao was 332,900 tons, an increase of 00,300 tons, or 0.
08%,
over the previous period.
Inventory slowly accumulates, and outbound shipments begin to improve
.
The inventory of 17 samples in the region was 140,700 tons, an increase of 00,400 tons, or 0.
31%,
from the previous period.
As of 03-11, the warehouse order of Tianjiao was 242,100 tons, an increase of 880 tons
week-on-week.
The total stock of the exchange was 252,274 tons, an increase of 1,070 tons
week-on-week.
No.
20 rubber warehouse order was 94,833 tons, an increase of 5,815 tons
week-on-week.
The total stock of the exchange was 99,974 tons, an increase of 5,182 tons
week-on-week.

From a fundamental point of view, the supply side is in the global low-yield season, the growth of new rubber production is limited, and the price of raw materials remains high
.
On the demand side, the start of domestic tire enterprises continued to increase, spot procurement was gradually active, and the accumulation of port inventory fell
sharply.
However, the demand in the terminal market is sluggish, the enthusiasm of agents to purchase goods is poor, and the finished product inventory of tire factories is high
.
On the whole, the short-term tianjiao disk is mainly strong at the low level
.