RUBBER: WIDE RANGE TRADE

Opinions and Suggestions

The domestic rubber production areas have started to cut, and the supply of new rubber will usher in a peak in May. Terminal demand for tires has weakened, and export orders have supported the company's operating rate to maintain a high level, but it seems that there are signs of peaking. Although domestic economic data in the first quarter boosted market sentiment well, actual demand is unlikely to improve substantially. The supply and demand of natural rubber has changed from a tight phase at the beginning of the year to a looser trend. The counterattack of the epidemic in Southeast Asia and India has aroused market concern. It is expected that there will be wide fluctuations before May day holiday.


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