On December 22, the main rubber contract showed an upward trend, and the main contract opened near 13800, which has a clear upward trend compared with other trading days this week.
On the 21st, the macro side has a certain impact on the rubber upward, A shares slightly **, the commodity index is higher, rubber is also affected by rumors of wheel storage, the market is expected to store again after the storage, the rubber index rose more than 200 points in the past two days. It is expected that the upward continuation will not last long, back to the fundamentals, Southeast Asia's natural rubber ** gradually entered the production reduction period, China's Yunnan production area has been completely stopped, Hainan production area has been stopped, the domestic upstream seasonal support is more, the downstream side of the domestic automobile production and sales data in November is optimistic, but the tire downward transmission is slow, and the manufacturer's rubber tire inventory is under pressure. Affected by the cold wave and heavy snowfall, outdoor operations have been reduced, and even some areas have been basically suspended, and the demand for tires in the market has weakened. However, in the context of the peak season of overseas rubber tapping and the continuous increase in the week-on-week increase in the new rubber in the previous period, the domestic rubber lacks sustained momentum.
Affected by the divergence of long and short factors, rubber ** as a whole maintained a weak trend. (Text: Natural Rubber Mesh).
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