Natural rubber: weak demand around the Spring Festival prices difficult to show
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.
