The support under the rubber is still strong, and the contradiction between supply and demand is not obvious

As of January 14: Exchange Total Inventory 239925 (+5125), Exchange Warehouse Receipt 219910 (+4400).

Raw materials: raw film 55.
05 (-0.
1), cup glue 48.
2 (-0.
25), glue 53 (-1.
5), tobacco film 57.
84 (-0.
86).

As of January 13, the domestic all-steel tire operating rate was 59.
01% (+6.
98%), and the domestic semi-steel tire operating rate was 59.
36% (-0.
69%)
.

As of the end of last week, domestic port inventory ushered in the inflection point of accumulation, mainly due to the slight recovery of arrival and the decline in outbound storage, the later domestic tire factories faced a negative decline, the decline in raw material procurement demand will make the port inventory output rate continue to decline, and the delayed cargo will partially recover, it is expected that the later inventory will usher in seasonal accumulation, but due to the limited easing of shipping schedule, it is expected that the accumulation range is limited
.
The rainfall in Thailand's main producing areas has decreased, and the price of raw materials has fallen slightly, but the overall price level is high, especially the price of cup rubber is higher than the same period of previous years, and the support below the rubber price is still strong
.
The contradiction between rubber supply and demand is not obvious, and the price or shock is mainly
a few years ago.
In the later stage, we will focus on domestic port inventory changes
.