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In the last trading day, the rubber market continued to be weak and volatile
.
Coupled with the lack of fundamental changes in the pattern of supply and demand, the lack of downstream demand, and the high inventory of rubber, the recovery of rubber prices has been inhibited
.
From the perspective of the domestic spot market, the price of raw materials in Yunnan: Xishuangbanna production area in Yunnan fell
.
The price of raw material glue is 11.
8-11.
9 yuan / kg, rubber block 11.
2 yuan / kg, secondary and secondary raw materials are 10.
8 yuan / kg, rubber line glue is 10.
3 yuan / kg, tertiary glue is 9.
5 yuan / kg, because the current market price decline is large, private rubber factories are difficult to operate, but on the other hand, the amount of rubber produced in Yunnan production area is limited
.
Hainan area: At present, the overall release of new rubber in Hainan production area is limited, and I heard that this year's Hainan production area was also affected by powdery mildew, which is the most serious in 7 years, resulting in the overall cutting time of the main production area in the west being delayed by nearly a month, and I heard that the purchase price of private raw material glue was 15.
5 yuan / kg
.
Delayed recovery from cutting due to powdery mildew is expected to take time
.
In summary, although the current decline in rubber market quotations has slowed down slightly, downside risks still exist, and it is recommended that businesses be cautiously optimistic
.
