Commodities have a general decline pattern, and Shanghai rubber has adjusted in accordance with the trend

Recently, the main force of Shanghai rubber has repeatedly hit the 15,000 yuan mark and failed to effectively break through, coupled with the macro risk brought by the expectation that the Fed may reduce QE, Shanghai rubber followed most commodities out of the general decline
.
However, the price of raw materials in major producing areas such as Thailand and Malaysia has risen steadily, and the worsening of the local epidemic situation and the increase in rainfall may hinder
rubber production and transportation.

The price of glue in Hainan and Yunnan in China is stable, which has a supporting effect
on the price of glue.
Although the operating rate of tire manufacturers is low year-on-year, and automobile production and sales are also in the off-season, the consumption situation is expected to improve
as the gold nine silver ten approaching the later period.

Technically, the 14,000 yuan mark may provide support, while the current price difference of the main contract of Shanghai rubber has widened significantly in the late month change, and arbitrage behavior has put pressure
on rubber prices.
Recently, macro risks have gathered, and the supply and demand sides have been multi-bearish, and the phased volatility of rubber prices has expanded
.
Downstream enterprises can appropriately increase the procurement of raw materials, while tianjiao manufacturers should maintain smooth sales, and increase sales revenue
by selling call options after the rubber price rebounds.