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    Home > Chemicals Industry > New Chemical Materials > March 13 Shanghai rubber morning review

    March 13 Shanghai rubber morning review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    The big dive is the result of
    more than a week of Shanghai rubber entanglement.
    The weak demand side has become very prominent, and the pressure of rubber inventory in the trade link has brought greater selling pressure
    to the market.
    Purchasing intentions are also low, and market prices are loose and falling
    .

    Shanghai rubber

    In the case of a sharp decline in the increase in positions on the plate, short sellers sell a large number of contracts, and the short-term price may continue to fall, but once the selling is excessive, there is a chance
    for the price to rebound.
    Therefore, the short-term market will be biased towards the bears, but it is necessary to pay attention to the defense and take profit
    .

    Thailand's suspension of storage has little impact on supply, or even bullish, but the supply shift behind the suspension and the rise in inventories of production plants are the most critical contradictions
    at present.

    In terms of downstream demand, downstream plant production has resumed recently, and the overall operating rate of tire companies has recovered to around 70%, of which the operating rate of all-steel tires has reached around 68%, and the operating rate of semi-steel tires has reached about
    72%.

    The overall supply of goods in the market is sufficient
    .
    This decline may be relatively smooth, and the operation grasps the opportunity of rebound short selling, and Shanghai rubber looks down at 17200 yuan / ton
    in the short term.

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