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In March, natural rubber continued to be weak and volatile
.
In terms of macro, affected by the geopolitical factors of Russia and Ukraine, international crude oil soared, the energy and chemical sectors rose sharply, and the rubber shock was weak
.
In March, natural rubber continued to be weak and volatile
.
On the supply side, global supply will be at the lowest point of the year, and the production reduction period in Southeast Asia will accelerate due to rainfall and flooding; The weather in China's production areas is normal, and the industry expects that the cutting time will be advanced
.
On the demand side, due to the epidemic and the shortage of automotive chips, the automotive industry continues to be sluggish, the operating rate of tire companies has rebounded month-on-month but decreased year-on-year, and so far in response to the requirements of the Winter Olympics, the two Paralympic Games and other policies in terms of environmental protection, tire companies have been affected to a certain extent, especially the production near Beijing-Tianjin-Hebei has been greatly affected, the current downstream procurement of natural rubber has not yet started on a large scale, demand is weak, and the market is weak
.
Inventory: Qingdao's inventory continued to increase, the data showed that the total local inventory was 438,500 tons, an increase of 36,000 tons or 8.
94% over the previous period.
China's spot inventory of tianjiao continues to accumulate, the market upward momentum is continuously suppressed, the degree of demand improvement determines the trend of tianjiao, the current market is weaker trend is more likely
.
