In the near future, natural rubber will continue to show a weak shock trend

During the week, international crude oil went up and down, near the end of the month two days of shock downward, its impact on the financial market can be seen, the main commodity market closely followed, natural rubber as a futures variety is also affected by it; It is worth noting that following China's policy intervention in coal prices, the upward momentum of some basic raw materials has also begun to weaken: since the 19th, the domestic spot of natural rubber has been dominated by a weakening trend, and although the 25th-28th market has a few consecutive days of rebound, the range is acceptable, but the 28th trend turned downward and ended this month's
market.

At present, there are no very prominent influencing factors
.
At the level of natural rubber industry, from the supply side, foreign media reported on the 25th that the epidemic situation in Pattani in Thailand is severe and the prevention and control has been upgraded; Heavy rainfall has hampered rubber tapping activity in the southern Indian state of Kerala, and an Indian industry official said that the country's natural rubber production in October and November may be significantly reduced, and the country's domestic production areas will begin to stop cutting in the middle and late next month, and the natural rubber supply side support will be strengthened
.

From the perspective of import and export, imported rubber has begun to gradually arrive in Hong Kong, the data shows that since late September, the amount of imported rubber has increased slightly month-on-month for four consecutive weeks, and then imported rubber will arrive in Hong Kong one after another, the volume will increase, and the inventory of tianjiao is about to increase
rapidly.
From the perspective of downstream demand, due to the impact of chips, fuel, the epidemic and many other factors, the demand for automobiles and tires is weak, and the support for rubber is not strong
.

Last week's decline in crude oil affected the global financial market, domestic rubber at the industrial level has not yet begun to stop, imported rubber is slowly arriving in Hong Kong but still on the way, and the supply side has not changed much; Car companies face chip shortage and fuel supply tight situation can not be changed for the time being, environmental protection, power rationing and other requirements for downstream tire companies have a significant impact, reports show that triangle tires, Guizhou tires and many other companies profit fell sharply, in this year's industry situation, the current downstream large number of rubber purchases may be small, pay attention to the end of the year before the end of the enterprise stockpiling, it is expected that the recent natural rubber will continue to show a weak shock trend
.