Shanghai rubber is a rising market recently, waiting for the global supply to increase

Recently, the price of domestic raw materials has risen, the overall precipitation in Southeast Asia is normal, and the release of raw materials is
increasing.
The recent spillover of the epidemic in India, especially the worsening of the epidemic in Southeast Asia and the Yunnan border, has led to concerns about the shortage of foreign workers in Southeast Asia and the delay in the issuance of domestic substitution indicators
.

At present, a small number of cuttings are opened in the southern production areas of Thailand, due to the recent frequent rainfall, resulting in less raw material output, and raw material prices are showing a trend of stopping the decline and
rebounding.
As of May 7, the purchase price of glue in Hat Yai Center raw material market was 63.
8 baht/kg, the purchase price of cup glue was 46.
75 baht/kg, and the glue-cup glue price difference was 17.
05 baht/kg
.

On the demand side, according to the China Automobile Dealers Association, in April, the inventory warning index of China's automobile dealers was 56.
4%, +0.
9% month-on-month, and the inventory warning index was above
the boom and bust line.
Overseas: On May 8, Maruti Suzuki India, India's largest automaker, said it had extended its maintenance shutdown due to the coronavirus pandemic
.
The recovery progress of the travel index in European and American countries has accelerated, and the early demand recovery expectations are being fulfilled, and it remains to be seen how much can be
realized.

After the May Day holiday, the domestic commodity atmosphere is hot, the recent fundamentals of Tianjiao have not changed much, the domestic replacement demand is weak, overseas demand recovery is moving from expectation to reality, how much can be cashed, it remains to be seen, Shanghai rubber is a rising market in the near future, it is not recommended to chase higher, waiting for the global supply volume
.