Hedging pressure increases Shanghai rubber continues to fall

From the perspective of positions, funds are mainly outflow, short-term rise may come to an end, and the later stage will enter the pattern
of shock sorting.
Yesterday, the domestic spot market price followed the futures price down, but the price of US dollar rubber on the external disk was still firm, and some varieties fell, but the overall performance was relatively stable; Thai raw materials continued to rise, but the rally weakened
.

From the perspective of comprehensive supply and demand, due to seasonal factors, the supply of new rubber in March will be further reduced, but because the problem of high inventory continues, the pressure on the near-month contract is still relatively large
.

The improvement of heavy truck data in February also boosted market confidence, as far as the heavy truck data in March, there is still the possibility of improvement, mainly this year there are still a lot of fiscal stimulus policies in the country This period of the year is also the time of weather speculation, so in the absence of downstream consumption continues to deteriorate in the situation, and even see a little light, there are still some positive factors in March, so in March due to seasonal supply contraction, rubber prices still have support, later need to pay close attention to whether spot prices can stabilize, It acts as a support
for the futures price.
It is recommended that investors treat it with more volatile thinking and wait for the entry opportunity
after the pullback.