Rainfall eases in domestic and international production areas Natural rubber shocks downward in the near term
01、Natural rubber
Yesterday's review:
1, the situation in the Middle East for the time being no further escalation, supply risk concerns weakened, superimposed on the growth of U.S. crude oil production, international oil prices fell.
2, the night plate Shanghai rubber narrow finishing. RU2401 contract fluctuations between 14105-14200 yuan, a slight increase of 0.07%. NR2401 contract fluctuations between 10725-10870 yuan, a slight decrease of 0.42%.
Core Analysis:
Internal and external production areas rainfall has eased, but port inventories continue to decline, a certain boost to the natural rubber market, the tire business start rate slipped slightly, the natural rubber market is expected to the near future or will be mainly oscillating and finishing.
02, styrene butadiene rubber
Yesterday's review:
Yesterday, the domestic emulsion styrene butadiene rubber mainstream ex-factory prices were stable. Butadiene raw materials upward, cost support enhanced.
Core analysis:
Zhejiang Vitae device restart, short-term supply or a small increase, raw material butadiene prices rose, cost support enhanced, the center of gravity or test upward shift, the beginning of the transaction is light, the downstream wait and see.
03、Sunbutyl rubber
Yesterday's review:
Yesterday, the domestic ex-factory prices of smooth-butadiene rubber was stable, market prices stable finishing, butadiene prices rose, cost favorable.
Core Analysis:
Costs higher, the existence of support for the price of pundit, downstream demand is cold, the transaction atmosphere is stagnant, the actual single or negotiation-based, is expected to today's pundit wait and see to organize mainly