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Driven by A-shares and bottom-hunting funds, domestic commodities rebounded on Friday, and Shanghai rubber followed suit.
There are many uncertainties abroad, the fundamentals of domestic rubber are poor, and the market panic is high, but the current rubber price is at a historically low level, the rubber price has fallen below the labor cost, and there are many
uncertainties in the later stage of the market.
Operationally, it is recommended to remain cautious and focus on short-term wait-and-see
.
The Thai raw material market white flakes 39.
88, tobacco flakes 41.
73, glue 36.
5, cup glue 29.
5, Thai raw material market prices fell
.
Shanghai rubber rebounded slightly, the price of full latex in the East China market was about 9550 yuan, and the Thai standard mixed was about 9500 yuan, and the spot market transaction was rare
.
In terms of supply, China is still in the period of shutdown, and powdery mildew occurs in Yunnan due to drought, and subsequent output will be affected; Foreign orders have arrived one after another after the Spring Festival, and the pressure of warehousing is greater
.
In terms of demand, subject to the current global spread of the situation, the reduction of foreign demand for rubber products seriously affects the export of rubber products in China, although the operating rate of China's tire enterprises has increased significantly, but the weak demand has a great impact on production, and the situation on the downstream demand side of natural rubber is very grim
.
It is expected that the global concern will continue in the short term, and it is still necessary to pay close attention to the impact of changes in foreign prevention and control on the export level of rubber products; At present, the domestic prevention and control situation is good, and the recovery speed of production and circulation will accelerate
.
In the short term, beware of the weak environment and the continued effect of panic, which leads to a sharp price adjustment; In fact, the psychological support of the 10,000 yuan mark is obvious, and the future market is more likely to fluctuate around this price
repeatedly.
