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There is no fundamental change in the structure of rubber supply and demand recently, although nearly half of the domestic new rubber is cut, but most of the new rubber output is absorbed by latex factories, and the current supply of new full latex in the market is tight; The impact of the epidemic in Southeast Asia has intensified, and some regions have produced a small amount of output, but the supply side has not increased volume
.
The current demand port is in the seasonal off-season, and affected by factors such as Sino-US relations and the epidemic in Southeast Asia, downstream enterprises have insufficient confidence in future market demand, and their procurement enthusiasm is affected
.
Next week, there will still be rainfall in China's Yunnan and Hainan production areas, which will have a favorable impact
on local cutting.
At the end of April, the Hainan production area is expected to increase the volume, and in early May, the Yunnan production area will be fully cut
.
From the perspective of price level, although raw material prices have fallen recently, global raw material prices are still at historical highs, which stimulates the release of production capacity
.
From the ANRPC announced the global production of sky rubber in March, the global sky rubber production increased year-on-month, and the next supply is expected to gradually increase under
weather permitting.
Domestic demand performance is temporarily stable, the current export market performance is better, domestic demand performance is slightly weaker, while tire production and exports remain at a high level
.
The growth rate of terminal domestic passenger cars has slowed down, the performance of heavy-duty trucks is strong, and the global epidemic has broken out again, and the demand forecast has declined
.
The trend range of rubber futures was adjusted, and the overall direction remained unchanged
.
