Shanghai rubber rushed back down, and the price of rubber in the later period is difficult to change weakly

Concerns on the demand side linger, the epidemic is severe and continues to worsen and long-term, and there is no fear of high temperatures, which has caused a greater negative impact on the demand side of rubber, and overseas demand recovery is expected to be delayed
.
Once the Indian triple variant spreads to Western countries, it will pose a huge challenge
to the effectiveness of the vaccine.

Domestic demand for all-steel tires is good, pay attention to whether the April data released early next month can continue to exceed market expectations
.
Passenger cars are affected by the shortage of cores, or it will still take about half a year to ease, and some automakers expect production to be halved
in the second quarter.
The amount of impact standard glue used for passenger cars is estimated to be within 30,000 tons; Heavy trucks are estimated to be little affected by the lack of
cores.
Under pessimistic circumstances, it is estimated that the impact of automobile core shortage on rubber consumption is less than 200,000 tons, accounting for less than 2%, and optimistic estimates affect about
50,000 tons.
Overall demand is under pressure in the short and medium term, and the general trend should not be overly optimistic
.

On the supply side, the new rubber cutting in Southeast Asia has gradually entered the peak season, the phenological conditions are basically normal, and the supply pressure of sky rubber will be increasing
.
In short, the supply and demand situation continues to develop in the direction of bearishness, and macro positive factors may be shaken, and it is difficult to change the weak pattern of rubber prices in the later period, and there is a possibility
of hitting a new low.