Bearish factors gradually digested The center of gravity of rubber futures prices rose slightly

As the current international oil price was hit by the US government's dumping of reserves, it began to give up its previous gains, triggering a retracement in rubber prices on Friday, but the short-term Shanghai rubber repair market is expected to unfold
.
With the transfer of positions for months, it is expected that the Shanghai rubber 2209 contract is expected to maintain a strong oscillation trend
after the holiday.

On the macro front, the Fed's interest rate hike expectations have landed, and the market still needs to pay attention to the pace of interest rate hikes and the start time of balance sheet reduction, while the European Central Bank and the Bank of England have also strengthened their hawks, and the pressure of global liquidity tightening has further strengthened, which has a negative impact
on rubber prices.

At the end of March, the domestic natural rubber production areas of Yunnan and Hainan will usher in trial cutting, and there will be a small amount of new glue output, and after mid-to-late April, the overall rubber production will increase
significantly.
At the same time, Southeast Asian rubber producing countries will also bid farewell to the low production season and usher in a new round of rubber tapping period, the overall supply pressure will increase in the future, but the decline in March basically digests the bearish expectations in advance, and it is expected that the overall rubber price will continue to have limited space
.
Although the domestic tire industry has been affected by the epidemic in the short term, the operating rate has experienced twists and turns, but the overall trend still exists
.
It is expected that the domestic Shanghai rubber futures 2205 contract will maintain the trend of oscillating bottoming in
the future.