tel:025-57356889     
Copyright © 2019 Nanjing Jinteng Rubber Co.,Ltd 
苏ICP备06060001号 Powered by: www.300.cn nanjing.300.cn

>
NEWS
>
Trade Alert
Natural rubber: weak demand around the Spring Festival prices difficult to show
Abstract:
Recently,thepricesupportofShanghaigluemainlycomesfromtherawmaterialend.SinceDecemberlastyear,therehasbeenalotofraininThailand'sproductionareas,whichhasaffectedtherubbercuttingprogress.Therawmaterialpricehascontinuedtopickup.TheincreaseinrainfallislikelytokeepJanuaryproductionbelowmarketexpectations. Atpresent,thesupplyanddemandpatternofShanghaigluehasnotchangedmuch.Fromtheperspectiveofwarehousereceiptandout-of-areainventory,theinventorycontinuestoincrease,reflectingthecurrentstrongsupplyandseasonalcharacteristicsoflowdemand.ThisalsodeterminestheShanghaigluepriceordifficultperformance,beforeandaftertheSpringFestivalisthedownstreamtireplantoperatingratefreezingpoint,thedownstreamdemandgraduallyweakisanindisputablefact,supplyendorbecomethefocusofthelatemarket.Continuouslymonitorthechangesininventoryasaguidetopriceovertime.Lastweek'snewsaboutdomesticinfrastructureconstructionisgoodforrubberinthelongrun.Inthenearfuture,becauseoftherawmaterialandmacrolevel,thepriceofShanghairubberissupported,butthefundamentalsarestillweak.
Page up
1