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On Friday, the main contract of rubber night trading closed at 14100 yuan / ton, giving people a feeling of returning to calm, from the previous big opening and closing, 13000 all the way to 16000, and then again pullback down, this series of
operations in only two weeks.
At present, the strong performance of exports is still the main reason for
improving the enthusiasm of domestic tire companies to release production capacity.
The performance of the domestic terminal market is average, which is a drag on the expectation of price increases, and the growth rate at the trade level is slow
to pass on.
Overall, the short-term domestic tire starts driven by the export market will continue to operate at a high level; Although the price of tires has an upward momentum, the actual landing is still slightly weak
.
16000 is difficult to go back, but it does not mean that the rubber will go all the way down
.
Although the glue plunge on Friday caused a series of reactions, the overall fundamentals are upside and hovering around 14,000 may continue for some time
.
In terms of news, at the press conference held at the third CIIE, Chen Chunjiang, director of the Department of Trade in Services of the Ministry of Commerce, said that in order to comply with the new trend of rapid development of technology trade, the Ministry of Commerce will step up the adjustment of the "China Catalogue of Prohibited and Restricted Import Technologies
" in conjunction with relevant departments.
In addition to retaining necessary technical items related to national security and environmental safety, the role of market regulation will be more prominent, and the technology items prohibited and restricted from import will be compressed, so as to create a good environment
for the cross-border free flow of technological elements.
The natural rubber RU2101 contract closed at 14090 points on Friday night, down 6.
07%.
In terms of the market, the natural rubber market fell last week, mainly due to the stable weather in the main rubber producing areas and the increase in raw material production, resulting in a sharp decline in prices, a lack of improvement in downstream consumption, and high pessimistic market expectations
.
This week, natural rubber prices are expected to stop falling and rebound, but the strength is low, and the market capital participation sentiment is not good
.
At the technical level, the natural rubber support level is 13500 points
.