Weak downstream demand Natural rubber market may continue to be weak

On the 13th, the main closing price of NR was 10650 (-450) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1635 (-40) US dollars / ton, Malaysian standard rubber 1625 US dollars / ton (-40), Indonesian standard rubber 1665 (-40) US dollars / ton
.

As of July 8: total stock on the exchange 280377 (+1346), exchange warehouse receipt 252650 (-570).

Raw materials: the market is closed and there is no quotation
.
Raw film 58.
58 (0), cup glue 48 (0), glue 53 (0), tobacco film 60.
33 (0).

As of July 7, the domestic all-steel tire operating rate was 57.
65% (-1.
15%), and the domestic semi-steel tire operating rate was 63.
43% (-1.
17%)
.

In terms of macro, on the evening of July 12, international oil prices fell collectively by more than 6%, Brent crude oil futures fell below the key psychological integer level of $100 / barrel in the opening hour of the U.
S.
stocks, and the lowest price WTI lost $97 / barrel, and the decline in U.
S.
oil once expanded to 8% in the early morning; Supply and demand: domestic and foreign rubber production season, the output increased
rapidly.
Domestic spot rubber ushered in the accumulation cycle, and the inventory delivered in the previous period showed an upward trend
.
Downstream demand is weak, and rubber prices continue to be weak
.

Future market forecast: under the background of superimposed demand list and certain inventory pressure in the peak season of rubber production, the enthusiasm of downstream enterprises to purchase is not high, and the natural rubber market in the future market is expected to continue to be weak
.