Monitoring shows that on February 23, Shanghai Rubber continued to fluctuate slightly. The opening price of the main contract was 14030 yuan / ton, the settlement price was 14030 yuan / ton, the highest price was 14100 yuan / ton, the lowest price was 13975 yuan / ton, and the closing price was 140150 yuan / ton, down 0.64% from the previous trading day. The trading volume is 133200 and the trading volume is 135200. The spot quotation is adjusted with the offer, and the adjustment range is within 100 yuan / ton. The average spot market price of domestic natural rubber (standard I) in East China market was 13210 yuan / ton, which was little changed compared with the previous trading day.
Key points of analysis: on the supply side, the current natural rubber supply is about to be in the lowest valley of the year, and the Southeast Asian production areas are gradually entering the production reduction period, but China has not yet cut it; On the demand side, the start-up of tire enterprises gradually picked up after the year. It is reported that the manufacturer’s resumption time is ahead of schedule this year, and its purchase demand for natural rubber continues to recover. On the inventory side, Qingdao’s inventory continues to increase. Statistics show that it has reached 350000 tons so far, of which the increase of dark rubber ring is significant; According to market news, the warehouse receipt inventory of natural rubber and the cumulative inventory of natural rubber in Qingdao narrowed in the previous period.
Future forecast: the demand for natural rubber procurement is picking up, but it will take time for large-scale improvement; Although the growth rate of spot inventory has narrowed, the upward momentum of the market will still be suppressed. The market generally expects that under the background of the continuous recovery of downstream demand in the low period of annual supply, the natural shock is expected to be supported in the medium term, but in the short term, the weak trend may last for some time.
| Thiourea |