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The pressure of supply and demand is greater, and the quotation of the tianjiao market is hopeless

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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zone theory

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June Tianjiao almost completely showed a volatile pattern, and it also continued this trend near July, with the weakening of the dominance of Tianjiao's own fundamentals, and the fluctuations of intraday market fluctuations basically followed the atmosphere
of the industrial products sector.

Tianjiao

The dominance of fundamentals has weakened, and inventories in the bonded zone have continued to increase
.
As of June 15, 2017, the total rubber inventory in Qingdao Free Trade Zone was 278,800 tons, an increase of 02,800 tons, or 1%,
over the previous month.
In the first quarter, the large number of rubber warehouses led to an increase in the inventory of all major rubber varieties, and under the influence of this, the inventory of natural rubber and synthetic rubber increased
sharply in the past four months.

At the end of June, the main production areas at home and abroad were in the peak season of rubber tapping, and the output of glue increased significantly, and a large number of new rubber entered the market
.
Domestic imports are large, raw material stocks are sufficient, and spot prices are low
.
As the weather becomes hotter and the busy agricultural season approaches, the northern tire factory may reduce the operating rate because of the holiday, and the sales of downstream tires and the automotive industry will gradually slow down into the industry off-season, and it is difficult for the demand side to support the rubber market
.

At present, the two sides are deadlocked, and the practitioners in the tianjiao market are extremely cautious, and most of them purchase
on demand.

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