The hottest rubber cutting season is coming, bewar

2022-08-21
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The peak season of rubber tapping is coming, and beware of the callback risk in the aftermarket. 1. The international crude oil price fluctuates and fluctuates around $50. At present, crude oil inventories remain at a high level for more than a decade, while downstream demand is also weak, which may limit the rise

Figure 1: the trend of natural rubber futures of NYMEX crude oil futures exchange in the previous period

the figure shows the trend of NYMEX crude oil futures and Shanghai rubber futures. (picture source: Wenhua Finance)

the international crude oil price has fluctuated around $50 recently, which has reduced the guiding effect on the rubber price

2. Last week, the supply of goods in the domestic spot market was still tight. Mang street in Vietnam has been closed for nearly half a month, and there is no sign of switching in the short term

last week, due to the songgan Festival holiday, Thailand's supply decreased significantly, Malaysia's supply was tight, Indonesia's raw material prices soared due to the appreciation of the Indonesian rupiah, and other reasons led to the reduction of natural rubber imported into China. The already tight supply situation in the domestic market was pressured again, which made the spot Ms. Shang Guiqin, director of the national food contact materials testing (Changzhou) Key Laboratory of the General Administration of quality supervision, inspection and Quarantine of the people's Republic of China, conclude that prices have risen one after another

Figure 2: the spot price trend of natural rubber National Standard No. 1 in various places in China. Sigma RF products are applicable to the automotive industry, sports and leisure, energy, etc. its most remarkable achievement is the professional experience in mass production of composite plate springs. The utilization field of products produced with carbon fiber fabric figure

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figure is the spot price trend of natural rubber National Standard No. 1 in various places in China. (image source: Wenhua Finance)

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