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Recently, affected by the Spring Festival long holiday, the operating rate of the domestic tire industry has decreased significantly, and the demand for rubber market has fallen
in stages after the middle and late February.
After the holiday, the Shanghai rubber 2205 contract is expected to maintain a weak oscillation trend
.
However, from a medium-term perspective, stable growth and the expectation of RRR reduction in the first quarter of 2022 support Shanghai rubber futures prices, and the downward exploration space is limited
.
In terms of crude oil, on January 27, international crude oil prices closed lower
.
The main contract of U.
S.
WTI crude oil futures settled at $86.
61 per barrel, down $0.
74 or 0.
9%, and the main contract for Brent crude futures settled at $88.
17 per barrel, down $0.
57 or 0.
64%.
The Brent crude oil March contract rose above
$90 for the first time since 2014.
Oil prices retreated from their highs on Thursday as the Federal Reserve was hawkish and expectations of tighter monetary policy rose, but tight supply expectations limited oil price
declines.
Industrial analysis, foreign production areas, Vietnam and northern Thailand have entered a period of reduced production since January, southern Thailand has high yield, and the output of the main producing areas will gradually decline; All production areas in China have been stopped
.
As of January 23, 2022, the total inventory of bonded and general trade of natural rubber in Qingdao was 300,700 tons, an increase of 0.
72% month-on-month
.
At present, China has basically entered the holiday mode, tire factories started partially during the holiday, tire inventory is high, rubber procurement demand years ago is scarce, and logistics and transportation are hindered
by the overall impact of the epidemic, spring festival, winter Olympics, etc.
The Spring Festival holiday has begun, no demand to drive, and the market generally expects that the late start of rubber tire factories after the Spring Festival will lead to weak demand and suppress rubber prices, and it is expected that the natural rubber market in the future market will continue to fluctuate weakly around the Spring Festival, and the turning point may be near
the node where the Thai production area stops cutting.
