RUBBER: RUN UNDER PRESSURE

Opinions and Suggestions

The current domestic production area purchase price is relatively ideal, which may stimulate the enthusiasm of late rubber tapping. The Southeast Asian epidemic counterattacked. It is said that the impact on Thailand is mainly concentrated in the cities. The short-term or the impact on rubber tapping is not obvious, and the price difference between latex and cup rubber has narrowed. The operating rate of tire companies has fallen, but is still at a high level, and demand is showing signs of weakening. With the advent of domestic holidays, tire companies may relieve inventory pressure, and there is also a need for funds to avoid market fluctuations during May Day holiday

In the short term, the rubber futures price may still be run under pressure and fluctuate, with a high probability in the range of 13300 to 14500 yuan per ton.


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