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On Tuesday, the lowest touch of Shanghai rubber touched 12240, the line corresponds to the support area of 12200-12300, with reference to the rebound after the pullback is in place is difficult to break the 12500 area, further upward expectations need to be cautious
.
In terms of price, intraday still recommended to focus on the 12200-12300 area, if the fall back breaks the area, further downward low should be in the 11900-12000 area, this area corresponds to the deep adjustment of the buying point
.
Natural rubber followed the decline during the session, but gradually rebounded, relatively strong, and the 10-day moving average became a technical support level
.
In terms of fundamental environment, the price of natural rubber raw materials is stable, with a slight rise recently, downstream demand has improved, and rubber increased its position last week, because its own price valuation is at the bottom superimposed on the loose macro environment
.
No.
20 rubber rose sharply last week, because the previous Indonesian rubber price is too low, the bottom of the valuation so the upward rebound space is larger, superimposed last week rumors that the US vaccine will come out, foreign demand orders have a sentiment boost, in addition to alternative planting quotas repeatedly postponed, the current rubber fundamentals are generally neutral, the logic of supporting the acceleration of old whole milk in the second half of the year weakened, it is expected that in the short term it will still follow the logic of valuation repair and follow macro market fluctuations, this year there is no lack of varieties under high inventory, with the help of raising prices to go to the warehouse is also possible
。
From the perspective of the domestic automobile industry, with the continuous improvement of export orders in the past two months, coupled with the arrival of the peak demand season in the domestic market, tire companies have continued to recover
.
The operating load of semi-steel tire enterprises monitored by Zhuochuang Information this week is close to the level of last year, and the operating load of all-steel tire enterprises even exceeds the level of the same period last year
.
This period of rise may occur intermittently in August, but with the recent sustained rise, the current rubber price has got rid of the low-valuation area, the main 01 liter water situation is further amplified, and under the current cumulative impact of spot inventory, short-term continued long-term need to be vigilant against high risks
.
