Rubber remains range-bound or seasonally rising in the later period

During the domestic Spring Festival holiday, the purchase price of raw materials in Thailand rose: raw film 56.
2 baht/kg, up 1.
3; smoke film 59.
95 baht/kg, up 2.
15; Glue 57.
2 baht/kg, up 2.
7; cup glue 49.
05 baht/kg, up 0.
9
.
The Thai Meteorological Department reported that rainfall in southern Thailand will increase in the near future, and it is concerned about the effect of
weather on rubber tapping and manufacturing.

In 2021, due to the impact of the epidemic, environmental protection policies and other factors, the overall freight volume contracted, and the logistics prosperity declined
.
The freight market once faced the embarrassing situation
of more vehicles and less goods and lower freight rates.
It is expected that in 2022, as the epidemic improves, cargo volumes will return to normal levels
compared to the same period in 2019.
In recent years, domestic freight volume has maintained steady growth year by year, except for 2020-2021, from the perspective of economic development, freight volume and economic recovery are closely related, as the impact of the epidemic on economic activities gradually weakens, freight volume will maintain stable growth
.

After the Spring Festival, rubber futures opened high, and spot rose 200 yuan / ton
.
From the perspective of resuming work, warehousing is basically scheduled to resume normal work today, and most downstream tire companies will also resume work today, but there are also some regional companies that were originally scheduled to go to work on the eighth day of the first year and have been postponed, and the resumption of work and production has been important in recent days
.
With the gradual recovery of operating rates, it is expected that rubber will maintain range-bound volatility at the beginning of the year and then show seasonal increases
.