Rubber in the post-holiday by the raw material ** tight and cost support driven, downstream rubber tire operating rate showed a recovery growth, rubber ** after a round of strong upward movement, the market buying sentiment has cooled, yesterday's disk price upward blocked, the main contract has been maintained around 13700 **, the market into the ** operating state, the market will face greater pressure.
In fact, the rubber fundamentals still maintain the coexistence of long and short and more positive news, the upstream domestic production areas are in a state of stoppage, and the overseas will also enter a low production period, ** is expected to decline, and Qingdao bonded rubber inventory continues to deplete. On the macro level, the center of gravity of synthetic rubber has been steadily driven upward, and it has indirectly benefited Shanghai rubber and standard rubber. However, the bearish still exists, and the continued strength of the rubber price gradually digests the bullish factors, and under the influence of the lack of follow-up bullishness, the domestic ** began to be high**, and the common factors weakened. More importantly, the seasonal increase in production will come, and before the new round of cutting season after mid to late March, the factors of low yield and low storage will dissipate, and the support of spot ** will be very likely to be unsustainable.
The short-term narrow range will not change, but the current upward trend has been significantly limited, and it is not recommended to chase up. (Text: Natural Rubber Mesh).
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