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At the weekend, Shanghai rubber rushed up to 14700 in the morning line and appeared sideways and finally closed the small white line, the main force put on a hard anti-margin pressure posture, ready to implement soft short pressure on the airdrop before the holiday, the last trading day, the futures price is expected to break upward, challenging the resistance of the early platform 15000-15100, and then paving the way
for the rise in the price in the late holiday.
In January 2021, China's heavy-duty truck sales were about 189,000 units, a year-on-year increase of 62%; New energy vehicle sales may grow by more than 30% or even close to 40%, reaching 1.
8 million units.
Passenger car sales are expected to reach 2.
07 million units, up 28.
4% y/y.
Commercial vehicle sales are expected to reach 480,000 units, up 50.
1% y/y.
It can be seen that China's auto market will achieve slow and positive growth
.
At present, the main domestic production areas have entered a state
of suspension.
In Southeast Asia, there is a cooling weather forecast in Thailand, while thunderstorms occur in most areas of the southern production area, which hinders
the output of raw materials.
According to preliminary assessments, the floods will last until March 2021, which will have a major impact on rubber plantations in southern Thailand, and rubber tree yields will continue to decline
between December 2020 and March 2021.
In addition, four southern provinces of Thailand, including Narathiwat, Yala, Songkhla and Pattani, were affected by rubber tree litter due to rains and floods in January
.
If the problem of defoliation disease in southern Thailand becomes more serious in the later period, it will be difficult for the global natural rubber supply to recover in the next 2-3 months, and a new round of rubber tapping operations will be hindered, and rubber prices will be more strongly boosted
.
