[Natural Rubber]: Weekly Tire Review (February 2)
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February 2, 2024, 2:49 PM
Supply analysis: Some all-steel tire enterprises in Shandong will stop working for holidays one after another before February 2 (the 23rd of the twelfth lunar month), and semi-steel tire enterprises will also gradually stop working around February 6 (the 27th of the twelfth lunar month). Joint venture brands and listed companies most arrange stoppages and holidays on legal holidays. The above factors will drag down the operating rate.
Market: Most dealers will gradually delist from the market and enter the Spring Festival holiday. The market will maintain a small amount of goods, and all-steel tire dealers will mainly collect money. As residents travel more, business in semi-steel tire retail stores is expected to increase, which will benefit semi-steel tire replacement market demand.
Cost analysis: During the week, synthetic rubber prices rebounded slightly, natural rubber prices fell, and raw material costs were mixed.
Outlook forecast: As the Spring Festival approaches, market transactions are scarce, price policies are mainly stable for the time being, and more policy releases will be carried out after the holidays.