Metallurgy / Chemicals / Rubber & Plastics

Recently, due to weak terminal demand, anti-pumping is unable to break the low one after another in rubber, the trend is weak, and the short-term rebound is bearish, but the market is nearing a relatively low level, and the market repeatability will increase.

September-November is the peak season for rubber tapping, and the main natural rubber producing areas are still in a period of increasing production. Because the Southeast Asian epidemic may affect the actual supply, there are no obvious signs of interference in the production and export of new rubber.

Downstream demand may increase during the peak season of "Golden Nine and Silver Ten", but external demand is still weak. Supply pressure will increase. The trend of natural rubber destocking in Qingdao is still continuing. The arrival of imported rubber in August is expected to be lower than expected, which should support rubber prices.

Although the golden, nine, and tenth peak seasons are approaching, domestic automobile production and sales may not be able to return to the same period last year, and the shortage of chips continues to adversely affect global automobile production. After the new emission standards are implemented, the sales of heavy trucks may hardly pick up before the end of the year.

Technically, judging from the current market situation, the market has been in shock. The daily line touches the lower support, and there is a short-term rebound demand. After the 14,000 yuan mark falls below, the next support level may be around 13,500 yuan, and there is pressure on 14500-15,000 yuan.

The demand-side situation will guide the decline in rubber prices, and the supply-side changes will determine the height of the future rebound in rubber prices. In the later stage of rubber futures, it is advisable to adopt a shock operation strategy, do not chase too much, investment is risky, and the suggestion is for reference only.