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Since last Wednesday's rush to the top, to this week, Shanghai rubber has walked out of six consecutive declines, and the center of gravity has also moved down to the 20,000 line, returning to the price level
before the Spring Festival.
The data terminal market shows that at the end of this week, Shanghai rubber 1705 fell 6.
27% to close at 18690 yuan / ton
.
The continuous decline also caused the market to make short remarks for a while, and the rubber market was about to turn bulls into
bears.
Is natural rubber currently "returning" or "turning around"?
After the Lantern Festival, the procurement rhythm of downstream enterprises is not active, and when monitoring the market trading situation, it is found that market procurement is mainly based on traders replenishing inventory, and the willingness of factories to purchase is not high, most of them are small orders and scattered purchases
.
In the procurement of raw materials for large rubber products enterprises, it is understood that the raw material inventory of large enterprises is relatively sufficient, and the current procurement intention is biased towards purchasing the source
of goods arriving in Hong Kong around May.
Some time ago, synthetic rubber once rose natural rubber reached 6,000 yuan / ton, the sharp rise of synthetic rubber gave natural rubber strong support, and now an important glue bullish logic is that the high premium of synthetic rubber will stimulate the demand for natural rubber, support the price of tianjiao, which is still effective
.
At present, rubber is in the stage of return to the adjustment stage, but also the repair of the sharp rise in prices after the Spring Festival, so there is no basis for turning around, but because the price remains high, the increase in cutting area and production is still a suppressive factor that cannot be ignored, and the space for growth should be cautious, but also shows that the space for decline is not large, and there will be macro favorable themes such as "two sessions" in March, and after the current market adjustment, it is expected to squat and gain momentum, and the short-term market will still fluctuate repeatedly
.
