Poor terminal demand Rubber prices hit new lows

The port of Penang, Malaysia, announced that it would no longer accept Thai goods for transit
.
Affected by this, the goods in southern Thailand, Shadun and Trang cannot be shipped for the time being, and they are urgently deploying to ports
in Thailand.
Thailand's rubber exports are mainly from Bangkok, Songkhla and Penang Port in Malaysia
.
Due to the small cargo throughput of Songkhla Port, some goods exports from southern Thailand mainly depart from Penang Port in Malaysia, so Penang Port is closed, and some exports to southern Thailand are affected to a certain extent
.
The factory is also discussing a solution
.
At present, there will be a solution to the problem, but it will definitely delay time and affect the progress
of logistics.

On the surface, this factor is a logistical obstruction, a typical bullish factor
.
But in fact, the determination of the positive factor is not so simple, but also depends on whether there are other factors that can resolve the contradiction, offset the impact of the factor, and the resonance and interference
of the factor with other factors.

At present, the total of natural rubber inventory in Qingdao and the general trade warehouse has exceeded 740,000 tons, breaking the high of 700,000 tons set in May last year
.
Such high inventories, downstream is only in the process of gradual recovery, resulting in imports even if delayed, will not bring a tight spot situation to the country
.
On the technical side, rubber prices remain weak, waiting for the bottom to be established
.
Low range oscillation idea operation
.