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    Home > Chemicals Industry > New Chemical Materials > Rubber fell below the support level and maintained a narrow range of fluctuations in the short term

    Rubber fell below the support level and maintained a narrow range of fluctuations in the short term

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Yesterday rubber has fallen below the support level of 14,000, but it is not yet certain that it has effectively broken through
    .
    So far, the phenological conditions this year are better than last year, the probability of drought speculation has decreased, and the market's concerns about high prices to stimulate supply have intensified, resulting in the weakness of Shanghai rubber
    .
    On the other hand, once the rubber price falls to 12000-13000, the low price will inhibit the supply, so the space below is not large, and the decline is only a change of location to continue to fluctuate
    widely.
    Wide volatility will be the main theme of this year, and this idea should also be implemented in trading, and long and short should not be fought
    for a long time.

    rubber

    In terms of the market, the survey in Yunnan shows that the domestic rubber cutting is expected to be delayed, the pressure on the rubber supply port has been reduced, the delivery is approaching in May, the inventory pressure is large and the lack of takeover factors, the market capital participation in rubber enthusiasm is poor, more traditional non-standard arbitrage is based, the market is mainly weak and volatile
    .
    The price of whole milk raw materials in Hainan is 12,000 yuan, and the price of concentrated milk raw materials is 15,000 yuan, and there are differences
    in demand.

    On the supply side, the current global production of tianjiao is in a seasonal low production period, and the domestic Yunnan production area is affected by drought and powdery mildew.
    Some areas of Hainan production area are cut ahead of schedule, but the price of Hainan state-owned glue into the concentrated milk plant is far higher and the water enters the whole milk plant, considering that the supply of raw materials in the early stage of cutting is small, and it will still face concentrated milk diversion, and it is difficult to increase the production of whole milk rapidly
    .

    From a downstream point of view, the operating rate of domestic tire factories last week was slightly increased month-on-month, and the current factory export orders were sufficient, and the inventory of finished products was low
    .
    The rise in raw materials has led to an increase in the price of finished tires, but the terminal market has started relatively slowly, the price increase transmission is not smooth, and the inventory of dealers is rising
    .

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