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On Tuesday, Shanghai rubber rose slightly, with the price of full latex in the East China market at about 13,700 yuan, and the Thai standard mixed offer at about
11,900 yuan / ton.
After the domestic shutdown, the market focus shifted to the main producing countries of Tianjiao, and the weather in Thailand and the lockdown measures brought about by the epidemic have all increased the uncertainty
of domestic imports.
Previously, the environmental protection supervision of domestic downstream tires in Shandong was strict, and the short-term start was low, which suppressed the center of gravity of rubber futures and shifted
significantly.
With the onset of cold air, the quality of weather in Shandong has improved, and the emergency response to heavy pollution level I in Shandong Province has basically been lifted one after another, which is expected to significantly boost tire production in Shandong Province and China
.
However, the operating rate of semi-steel tire sample manufacturers last week was 49.
35%, down 1.
53% month-on-month and 10.
07% year-on-year; The operating rate of all-steel tire sample manufacturers was 52.
18%.
Down 1.
05% month-on-month and 6.
89% year-on-year, it still needs to recover
.
At present, there is still great uncertainty in the spread of the epidemic in Europe and the United States, macro disturbances are still strong, and some Asian rubber-producing countries such as Thailand and Indonesia have adopted stricter lockdown policies due to the epidemic, coupled with the recent tight ship space and soaring freight rates, these two markets have tightened expectations for domestic import sources, then the speed of inventory digestion may accelerate, and there is support
for rubber prices.
In particular, it will have a greater boost effect on the imported dark rubber, that is
, No.
20 rubber.
According to market news, Thailand's Prime Minister and Minister of Defense held a new crown epidemic prevention and control conference today, at which the past epidemic situation will be assessed, new prevention and control measures will be discussed, and whether to extend the "kingdom-wide emergency" that originally expired on January 15 for another month
.
In addition, Thai media said that it is also necessary to pay attention to whether Prime Minister Prayuth will make an announcement to seal the country
.
In addition, many provinces in southern Thailand will experience heavy rainfall
.
The Thai Meteorological Bureau issued a weather warning on January 3, showing that a strong southeast monsoon prevailed in Thailand and the Gulf, while low pressure covering the lower part of the South China Sea and even covering Malaysia
.
Heavy or heavy rainfall
is likely in southern Thailand.
At that time, it will seriously affect the rubber tapping operation, resulting in a reduction in Thailand's natural rubber output, which will have greater support
for rubber prices.
