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    Home > Chemicals Industry > New Chemical Materials > February 23 Shanghai rubber morning review

    February 23 Shanghai rubber morning review

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    Shanghai rubber opened slightly higher on Thursday and then fluctuated in a narrow range, maintaining a sideways adjustment
    .
    At present, high inventories in terms of fundamentals remain the main pressure
    on the country.

    Shanghai rubber

    The strength and impact of export cuts in rubber-producing countries need to be paid attention to in the near future, but the impact on full-year supply is expected to be small
    .
    The Thai government has encouraged farmers to voluntarily reduce rubber tree production, which plans to reduce annual production by 5% by the end of April, thereby supporting rubber prices
    .

    However, considering the market grabbing role of other rubber-growing countries, the impact of a single major producing country's production reduction on supply is still greatly reduced
    .

    In the short term, the market is shrinking supply, and demand is expected to recover
    .
    Or give the price a boost, pay attention to whether there is a chance of rebound, short orders temporarily avoided
    .

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