1、 Price trend

According to the data of the business community’s block list, aniline prices fell this week. On April 4, the price of aniline was 13000-13200 yuan / ton in Shandong and 13000-13500 yuan / ton in Nanjing. On April 11, the price of aniline was 11000-12900 yuan / ton in Shandong and 11700 yuan / ton in Nanjing. The average price was 6.15% lower than last week, 54.43% higher than the beginning of the year and 142.38% higher than the same period last year.

2、 Analysis and comment

In terms of cost, this week, pure benzene rose first and then fell with the trend of styrene, and both port inventories declined. This week, the inventory of pure benzene in East China port continued to decline, with only a few new arrivals. The port is still in the channel to the warehouse, and the domestic supply is tight. This week, Sinopec’s price of pure benzene was raised by 200 yuan / ton to 6700 yuan / ton, and the bottom support was stronger. On Sunday (April 11), the price of pure benzene was 6373-6850 yuan / ton (the average price was 6664 yuan / ton), 144 yuan / ton higher than last week, or 2.21%; 109.56% higher than the same period last year.

The price of nitric acid rose sharply this week. On Friday (April 9), the production price of nitric acid in East China was 2233.33 yuan / ton, up 8.94% over last week, 8.94% over the beginning of this month, and 44.09% over the same period last year.

Aniline prices fell this week. In the early stage, aniline was driven by downstream procurement, resulting in the rapid decline of enterprise inventory, tight spot supply in the market, soaring prices, and the rapid widening of the price difference between aniline and pure benzene. At present, the price of aniline is mainly affected by the supply side and demand side. The market of downstream polymerization MDI and rubber additives is weakening, the profit space is shrinking, the resistance to high price aniline is strong, and the demand maintains rigid demand. In addition, Jinling Dongying and Huatai aniline plants were restarted last week, and the starting load of aniline increased, and the market supply was sufficient. Under the pressure of long and short flight, aniline will go down.

3、 Future expectation

In terms of cost, the amount of pure benzene arriving at the port in the later period is still limited, but the speed of port delivery is expected to slow down. Sinopec’s inventory is tight and its price is expected to be firm. The price trend of pure benzene is still greatly affected by crude oil and styrene. With the entry of new styrene plants, the demand for pure benzene has a certain support. On the whole, the price of pure benzene will be able to move up next week. Continue to pay attention to the downstream market, domestic and foreign pure benzene plant trends, crude oil, the impact of external market trends on the price of pure benzene.

The price difference between aniline and pure benzene is wide, the profit margin is still good, and the cost support is limited. In the near future, there is no planned overhaul of the plant, and the supply is expected to be stable. Overall, the short-term trend of aniline is mainly affected by downstream demand, and there is still room for decline. Continue to pay attention to the trend of raw materials, the follow-up of downstream demand and the impact of aniline plant dynamics on aniline price.

Ethylene oxide remained stable this week. The ex factory price of East China, central China and South China is 8400 yuan / ton, and that of Northeast China and North China is 8600 yuan / ton. Shanghai Petrochemical is expected to be overhauled next week, while satellite Petrochemical is expected to start at the end of the month, and the specific time has not been determined yet.

The price of crude oil was strong and fluctuated at a high level, which led to the high price of ethylene in the outer market. Based on the current ethylene price in Northeast Asia, the epoxy profit fluctuates around 600 yuan. The downstream side is light as a whole, and the terminal construction is insufficient. The downstream inventory of polycarboxylate superplasticizer monomer is high, and the monomer price has increased slightly within the week. The manufacturers have strong willingness to support the price. Although the actual transaction price is close to the cost line, the terminal demand is low, and the monomer price fluctuation space is limited due to the just need to purchase. The market price of ethanolamine dropped within the week, with monoethanolamine down 6.96%, diethanolamine down 5.71% and triethanolamine down 9.09%.

At present, the market is stable.

According to the monitoring data of the business community, in the first half of March, the hydrogen peroxide market bottomed out and rebounded, rising sharply. From the end of last ten days, the hydrogen peroxide market continued to plunge, and the price was weak. As of April 8, the average price of hydrogen peroxide market fell to 1000 yuan / ton, 6.76% lower than that of March 22.

According to the monthly rise and fall chart of hydrogen peroxide from January 2020 to April 8, 2021, it can be seen that in the first quarter of 2020, hydrogen peroxide dropped for two consecutive months, and it also fell in April, mainly due to export restrictions. June ushered in a sharp rise, or more than 32%. In the first quarter of 2021, hydrogen peroxide dropped for two consecutive months, and rebounded in March, with an increase of nearly 10%. Since April, the market price of hydrogen peroxide continued to decline. As of April 8, the average market price of hydrogen peroxide has dropped to 1000 yuan.

Demand turns light, hydrogen peroxide returns to decline

Since the second week of March, due to the soaring market of terminal paper and caprolactam, the rigid demand for purchasing increased. In addition, in the week of March 11, hydrogen peroxide manufacturer Anhui Quansheng stopped for maintenance, and the supply decreased. On the 12th, the factory collectively raised the ex factory price of hydrogen peroxide, which ushered in the rising trend of hydrogen peroxide. On the 15th, the market of hydrogen peroxide rose sharply, with the price breaking through the 1000 yuan mark, with a daily increase of more than 10%. Since the end of last ten days, the hydrogen peroxide market continued to decline, falling to April 8, with a decline of nearly 7%.

On April 8, some domestic hydrogen peroxide manufacturers quoted as follows:

Luxi Chemical hydrogen peroxide quoted 900 yuan / ton, down 30 yuan / ton compared with early April; Hebei Zhengyuan fertilizer hydrogen peroxide quoted 900 yuan / ton, down 80 yuan / ton; Anhui Quansheng chemical hydrogen peroxide quoted 1200 yuan / ton, stable.

End products: lactam paper industry weakens, hydrogen peroxide continues to fall

Paper: in late March, the price of corrugated paper continued to decline, the market transaction atmosphere was low, some large-scale paper enterprises launched preferential policies to ship, and small and medium-sized paper enterprises flexibly reduced the paper price according to the order situation. However, the downstream packaging plants are in a strong wait-and-see mood, and the market is still dominated by rigid demand. Near the end of the month, the price of corrugated paper has slightly stabilized, but the supply and demand side of paper enterprises has not changed significantly, and the downward space of paper price pressure has increased. In addition, the price of waste paper fell sharply again, and the cost support was weak. The overall decline was more than 4%. On April 8, the commodity price index of hydrogen peroxide and corrugated paper was 142.63, which was the same as yesterday. It was 42.02% lower than the highest point 246.00 in the cycle (October 21, 2019), and 32.63% higher than the lowest point 107.54 on January 29, 2019. (Note: period refers to the period from January 1, 2017 to now)

Caprolactam: since mid March, the supply of caprolactam was tight, the profit was exhausted, and the downstream products were all weak. Caprolactam entered the downward channel, and the price was weak and fell until April 8, with an overall decline of more than 4%. On April 8, the commodity price index of hydrogen peroxide and caprolactam was 112.21, down 0.29 points from yesterday, down 48.79% from 219.12 points (2020-10-27), the highest point in the cycle, and up 24.89% from 89.85 points, the lowest point on January 29, 2019. (Note: period refers to the period from January 1, 2019 to now)

Li Bing, hydrogen peroxide analyst of business news agency, thinks: the market of terminal paper industry and caprolactam is weak, the demand is weak, the hydrogen peroxide supply is loose, and the future price rise is still weak.

According to the price monitoring of the business community, the domestic PTA spot market price fluctuated and rebounded. As of April 7, the average price of the spot market was 4513 yuan / ton, up 1.28% over the previous trading day and 33.83% over the same period last year. PTA main futures (2109) closed higher, to close at 4662, 104 higher than the previous trading day, or 2.28%.

Overhaul scale of overhaul enterprises (10000 tons / year)

Overhaul on April 17, 2020

Pengwei Petrochemical Company will stop at night on March 9, 2020, and the restart time will be determined

Shanghai Petrochemical Co., Ltd. will stop for maintenance from February 20 to May 19, 2021

Maintenance of Huabin Petrochemical Company from March 6 to April 10, 2021

Sinopec will stop in the evening of March 7, 2021, and the restart time is to be determined

Ineos (Zhuhai) 125 overhaul on March 17, 2021, restart time to be determined

Sichuan Energy Investment Co., Ltd. will maintain for 20 days on April 1, 2021

Jiaxing Petrochemical Company will be overhauled for 15-20 days on April 1, 2021

Fujian Baihong power plant will start maintenance for about 7 days at night on April 2, 2021

Dushan Energy Co., Ltd. plans to overhaul from April 13 to 27, 2021

Livan plans to overhaul in May 2021

Ningbo Yisheng plans to overhaul in the second quarter of 2021

Hengli Petrochemical 1 × 220 scheduled maintenance time to be determined

Hengli Petrochemical 5 × 250 scheduled maintenance time to be determined

PTA processing is at a relatively low level, and the maintenance of the plant is increasing. At present, the start-up of PTA plant is below 80%, and the supply side will continue to shrink in April. In terms of demand, the recent polyester market trading performance is flat, but the polyester factory and terminal loom start-up remain high, polyester start-up load is more than 91%, so the demand for raw materials is good. PTA social inventory fell for the fifth consecutive week, and the inventory fell to below 4 million tons for the first time since February. As of April 2, PTA’s social inventory was 3.9762 million tons, a decrease of 64100 tons compared with March 26, but an increase of 746200 tons compared with the same period in 2020.

Analysts of business news agency believe that the improvement of supply and demand of PTA in the short term will support the market, but the international oil price is facing greater pressure in the near future, and the terminal is cautious in purchasing polyester, which will restrain the PTA price. It is expected that the short-term price will run with strong volatility.

According to the data monitoring of business news agency, as of April 6, the average reference price of 30% grade phosphorus ore in mainstream areas in China was around 470 yuan / ton, which increased by 24 yuan / ton or 5.22% compared with April 1 (446 yuan / ton) and 47 yuan / ton or 11.02% compared with March 1 (423 yuan / ton)

After the Qingming Festival, the domestic phosphorus ore market will rise in an all-round way

After Qingming Festival, on April 6, a number of domestic phosphate rock producing areas including Guizhou, Guangxi, Hebei and other regions have greatly increased the ex factory price of phosphate rock. The increase of phosphate rock in Guizhou is around 10-30 yuan / ton. After adjustment, 30% grade phosphate rock in Guizhou is 380-410 yuan / ton for market price reference, 28% grade phosphate rock is 360-390 yuan / ton for market price reference, and 22% grade phosphate rock is 380-410 yuan / ton for market price reference The market reference price of phosphate rock is 190-210 yuan / ton; the ex factory price of phosphate rock in Hebei is increased by 20-30 yuan / ton, and the ex factory price of 30% grade phosphate rock in Hebei is adjusted by 570-600 yuan / ton; the increase range of phosphate rock in Guangxi is 10-30 yuan / ton, and the market price of 30% grade phosphate rock in Guangxi is adjusted by 380-400 yuan / ton, and 28% grade phosphate rock is adjusted by 350-380 yuan / ton Near.

Since the beginning of spring, China’s agriculture and forestry has entered the peak season. The market of the downstream products of phosphate rock, monoammonium phosphate, has been rising since the beginning of March. The increase of terminal downstream demand also gives the domestic phosphate rock market upward support power. The domestic phosphate rock market has been operating at a high level since the price increase in March. After the Qingming Festival, the domestic phosphate rock market has again increased the price of phosphate rock, At present, according to the data monitoring of the business society, the reference average price of 30% grade phosphate ore in the domestic market is 470 yuan / ton, which is 47 yuan / ton higher than the price on March 1, with a total increase of over 11% since the spring.

Since the end of February, the domestic market of diamine phosphate has risen sharply. At the end of March, the market price of diamine phosphate increased, and then maintained a high and stable operation after the Qingming Festival in April. At present, there is still a short-term supply gap, and the domestic market is still in a high position. As of April 6, 64% of diammonium enterprises in Hubei Province stopped reporting, while 64% of diammonium enterprises in Gansu Province offered 3150 yuan / ton. The price of 64% diammonium in Yunnan is 3300-3430 yuan / ton. In Guizhou, 64% diammonium is priced at 3250-3300 yuan / ton, while in Heilongjiang, the first arrival price of 64% diammonium is about 3300 yuan / ton.

The downstream export is still good in the short term, supporting the recent strong operation of phosphorus ore

In April, although the rising trend of the downstream terminal slowed down, and in recent days, it mainly maintained stable operation, but the export benefits can still be supported in the short term. Therefore, the downstream terminal market mostly maintained a high level in the short term. Therefore, the phosphorus ore market, supported by the downstream, has also been mainly in a strong operation in recent days.

1、 Price trend

Aniline ended up and down this week, according to data on the business agency’s bulk list. On March 28, the price of Shandong Province was 13900-14000 yuan / ton, Nanjing aniline price was 14000 yuan / ton, on April 4, Shandong price was 13000-13200 yuan / ton, Nanjing aniline price was 13000-13500 yuan / ton, and the average price fell 7.14% from last week, up 64.56% compared with the beginning of the year, up 143.75% compared with the same period last year.

2、 Analysis and comment

Cost, this week, pure benzene continued to follow the trend of styrene, prices rose. In the week, Petronas and ENEOS plant in Japan stopped, and the prices of pure benzene in Asia rose, supporting the domestic pure benzene market. The inventory of East China port continued to decline this week and is still in the warehouse access. This week, the price of Sinopec’s Benzene hanging increased by 150 yuan / T to 6500 yuan / ton, while the price of some refineries in North China was increased by 300 yuan / T to 6450 yuan / ton. On Sunday (April 4), the price of pure benzene was 6450-6650 yuan / ton (average price: 6520 yuan / ton), with the average price up 240 yuan / ton, or 3.82%, compared with the previous week, and 169.42% higher than the same period last year.

The price of nitric acid stabilized in the week, with the production price of nitric acid in East China on Friday (April 2) at 2050 yuan / ton, which was flat from the beginning of the month, up 28.12% from the same period last year. The goods in the nitric acid market are still acceptable, and some manufacturers have no inventory pressure.

The high price of aniline and the lower price of downstream polymerization MDI lead to the reduction of downstream profit space, strong resistance to high price aniline and low enthusiasm of receiving. In addition, the 200000 ton / a aniline plant in Jinling East camp was restarted on April 3, and Huatai 100000 t / a aniline plant was about to be restarted. The supply is expected to increase, the industry is short of mentality towards the future market, and the price of aniline is weak.

3、 Post market expectations

In terms of cost, the number of benzene arriving at the port is still limited in the later period, the port is still in the way of inventory removal, the inventory of enterprises is not high, and the shipping pressure is not available. It is expected that the short-term pure benzene will still follow the fluctuation of crude oil and styrene. With the new styrene plant entering the site, the demand for pure benzene has certain support. Continue to pay attention to downstream market, domestic and foreign pure benzene plant dynamics, crude oil, external market and other trends on the price of pure benzene.

Market supply is expected to increase and aniline is expected to fall. Pay attention to the changes of market supply after the restart of Jinling Dongying and the restart plan of Dongying Huatai. Continue to pay attention to the trend of raw material surface, downstream demand follow-up and the influence of aniline plant dynamics on aniline price.

In March, the propane market reopened the upward channel, and the price continued to rise, breaking the 4500 yuan level. According to the data monitoring of business news agency, the average propane market price was 3980.00 yuan / ton on March 1 and 4520.75 yuan / ton on March 31, with an increase of 13.59% in March, up 8.93% compared with February 1. As of March 31, the market prices of propane in China are as follows:

31 Mar 2005

Propane in East China,% (V / V) not less than: 95 4210-4350 yuan / ton

In North China,% (V / V) is not less than 95.4300-4400 yuan / ton

In Shandong Province,% (V / V) propane is not less than 95 4400-4500 yuan / ton

Propane in Central China,% (V / V) not less than: 95 4250-4560 yuan / ton

In March, Shandong propane Market showed a shock upward trend, the price center moved up, and the increase in that month was more obvious. According to the trend chart, it is obvious that Shandong propane market started to rise on the 4th, and the price rose significantly on the 8th. Shandong propane market rose by 5.58% on a single day, with an increase range of 100-240 yuan / ton. The positive factors in the first ten days were mainly driven by international crude oil. The results of the OPEC + meeting finally came to fruition, and the organization agreed to extend the oil production reduction to April. Saudi Arabia, the leader of OPEC, said that it would extend the plan of voluntarily reducing production by 1 million barrels per day and decide when to phase out the reduction in the next few months. In addition, Russia and Kazakhstan were allowed to increase production by 130000 B / D and 20000 B / D respectively. The results of the meeting exceeded market expectations and pushed the oil price up to the highest level in more than a year. The propane market is driven by international crude oil, and the price rises one after another. However, in the middle of the year, the international crude oil continued to fall sharply, which had a negative impact on the propane Market. On the 17th, the propane Market showed a significant decline, but the weakness was only a few days. With the rebound of crude oil, the demand for storage and replenishment in the downstream, the enthusiasm for entering the market was good, and the overall trading atmosphere of the market was mild. The manufacturer’s inventory remained at a low level, and the overall market supply was low. On the 21st, the market returned to the upward channel again, and the price remained firm until the end of the month.

In terms of international market, Saudi Aramco announced in April that there was a downward trend in propane butane. Propane was 560 US dollars / ton, down 65 US dollars / ton compared with the previous month; butane was 530 US dollars / ton, down 65 US dollars / ton compared with the previous month.

With the introduction of CP price drop in April, which brought some restraint to the market, most of the market prices in Shandong stabilized. After the end of the downstream stage replenishment, the enthusiasm for entering the market has weakened. In the later stage, the weather is warming and the market demand is expected to weaken, but the supply side is relatively sufficient. In addition, the international crude oil trend is volatile, the cost of imported gas is falling, and the propane market is not strong enough. It is expected that the domestic propane market price will be stronger in the short term, but it is still likely to decline in the long term.

1、 Price trend

According to the price monitoring of business agency, the spot price of domestic polyester staple fiber fell in March. As of March 31, the average price of domestic polyester staple fiber spot market was 7140 yuan / ton, down 9.98% compared with the price of 7931 at the beginning of March, and 19.63% year-on-year. All manufacturers’ quotation has been increased by 700-1000 yuan / ton.

Futures market, short fiber main futures (2105) ended early in March 31 at 6879, down 1492, or 17.84 percent, from 8304 in early March. In March, international oil prices fell nearly 13% after the high in the early month, and the prices of PTA and glycol, short fiber materials, followed by a sharp drop.

The cost has been greatly reduced, the trade middlemen drop their goods, the downstream stores are sufficient to insufficient procurement, the production and marketing of polyester staple fibers have fallen greatly, and the spot prices in the period are all down. At present, the supply and demand situation of short-term fiber has not been reversed, after the price falls, the industry profits continue to compress, processing difference has been reduced to a lower level, and the short-term downward space or limited.

2、 Factors affecting prices

1. PTA: the domestic PTA spot market price fell from the high in early March. As of March 31, the average price of the spot market was 4413 yuan / ton, down 6.96% compared with the beginning of the month, up 37.43% year on year. With the continuous decline of profits, most of PTA plants have lost money, resulting in the shutdown of many PTA plants. The number of new cases in Europe increased, the blockade and restriction measures were restarted, and the market worried that the blocked vaccination process in Europe would damage the economic recovery and fuel demand. Crude oil fell sharply, which dragged down the center of chemical industry market and weakened the support for PTA cost.

2. glycol: domestic glycol spot market prices rose and fell in March. As of March 31, the average spot market price was 5333 yuan / ton, down 11.85% from the beginning of the month, up 58.42% year on year. Factors such as European epidemic control policies affect the price of crude oil diving, ethylene also enters the callback range, price fluctuation and downward, cost side support is weak, downstream chemical fiber production and marketing are relatively light, the volume of shipment continues to be low, and the supply and demand pattern is not good. From the perspective of the trend of previous years, March and April are all bottom prices. Only affected by the early speculation this year, the price decline trend is more clear Obviously.

 
3. polyester yarn: the domestic polyester yarn market price fell slightly in March, and there was a sign of stabilization at the end of the month. As of March 31, the average market price of polyester yarn was 14266 yuan / ton, down 3.39% compared with the beginning of the month, up 5.37% year on year. At present, the raw material inventory of yarn enterprises can be used to the first and middle of April, and the pre-sale orders before and after the Spring Festival are mainly completed before and after April, and the external quotation of the enterprises is not positive. Polyester yarn spot sales are weak, quotation and transaction price touch the top to fall, inventory accumulation, price weak adjustment.

3、 Post market forecast

Analysts at business agency said international oil prices fell in March, with PTA and glycol falling upstream. After the festival, the market is in a hurry for a large number of goods preparation due to the early demand for downstream construction, and the domestic short fiber production and marketing and price are rising. At present, the raw material inventory of the textile factory is high, the end market is worried about the trade situation, the order is not expected, the willingness to replenish is weak, and the wait-and-see mood is strong, and the digestion of inventory is the main one recently. However, with the digestion of raw materials, the downstream will meet the demand for replenishment; in addition, the profit of short fiber has been reduced to a lower level after the continuous decline, and there is little room for further decline. At present, enterprises with unknown industrial chain choose to buy as you like. The price of staple fibers may stop falling later than expected. In the future, the pressure of short-term polyester short-term fiber tired storage is still in, or is still slightly weak shock. However, in the medium term, with the coming of a new procurement cycle downstream, the processing differential compression has repair kinetic energy, polyester staple fiber or in April ushered in a shock rebound.

According to the commodity index system of business community, the natural rubber commodity index on March 31 was 39.00, down 1.37 points from yesterday, down 61.00% from the highest point of 100.00 points in the cycle (2011-09-01), and up 42.96% from the lowest point of 27.28 points on April 2, 2020. (Note: period refers to the period from September 1, 2011 to now)

Data monitoring shows that on March 1, 2021, the price of domestic natural rubber latex was 15375 yuan / ton, and on March 31, the price of rubber was 13150 yuan / ton, with a downward range of 14.475%.

Judging from the output of new rubber, a small amount of new rubber has been cut in China’s main natural rubber producing areas, and the serious insect pest in Yunnan has delayed the official cutting. However, the weather in Hainan this year is good, and some of them have been cut. Although the quantity is small, under the following good weather, a large number of new rubber made in China may be on the market in the middle and late April. Although the main production areas in Southeast Asia still stop cutting season, it is not far away from the opening of new rubber for more than a month. The market is increasingly worried about the new rubber listing, and the confidence is frustrated. The market of natural rubber is obviously weakening.

From the perspective of downstream demand, the purchasing situation of downstream factories has improved in the near future. From the perspective of tire enterprises, data statistics show that in the third week of March, as of March 25, the starting load of all steel tires of tire enterprises in Shandong Province was 78.03%, up 0.34% from the previous week, up 13.74% from the same period last year; the starting load of semi steel tires of domestic tire enterprises was 73.01%, up 0.35% from the previous week, up 10.62% from the same period last year. From the perspective of automobile data, the average daily retail sales of passenger car market in the third week of March reached 46000 units, which was 5% higher than that in the third week of March 2019, and the performance was relatively good; the first three weeks of March this year were basically the same as that in 2019. However, compared with the first three weeks of January, the trend is relatively weak. The haze and sandstorm weather in North China in mid March is expected to stimulate sales growth again. However, recently, the global automobile industry chain has been affected by the “core shortage” all over the world. For example, as of the 31st, due to the lack of chips, Weilai automobile Hefei plant stopped its seven day automobile production; Tesla Model Y’s price has increased by 8000 yuan due to the “core shortage”; moreover, many automobile enterprises have also faced the shutdown since the second half of last year. Of course, some auto companies in China have started to develop chips on their own. BYD has started to develop chips since 2005. Geely, great wall, Wuling and other state-owned auto companies have also started to develop chips on their own. However, according to the prediction of market research institutions, the shortage of automotive chips will not be eased until the second half of 2021. During this period, the production of automotive enterprises will be affected, and the demand for raw rubber will also be affected.

From the aspect of inventory, the total inventory of the previous period was 175902 tons (+ 900) as of March 26, and the volume of futures warehouse receipts was 170920 tons (+ 300). As of March 21, the inventory of Qingdao Free Trade Zone continued to drop slightly, but the inventory outside the zone picked up, mainly due to the slow down of delivery after the downstream took the goods the week before. Due to less overseas production and higher operation rate of domestic tire factories, it is expected that the later period of going to the warehouse can still be maintained.

From a policy perspective, in order to achieve the goal of stabilizing the rubber price, the Thai rubber authority has taken new measures, the most important of which is the fresh latex management project. Rubber Research Institute of Thailand cooperates with universities to develop the matching technology of latex preservation, which aims to improve the shelf life of fresh latex from 4-5 days to 1-2 months. In this way, rubber farmers do not have to rush to sell all the fresh latex at one time, so that there will not be too many goods pouring into the market, and the raw material supply of the processing plant in the low production period can be guaranteed. The Thai government will set up centralized storage tanks for latex and provide financial subsidies for rubber farmers. The goal is to withdraw more than 200000 tons of latex from the market. In addition, the Thai rubber bureau also launched a more mobile sales mechanism for cup rubber, and set a market reference standard for cigarette film, so as to help the smooth operation of the price system of various rubber types.

With regard to the future market, the business community believes that in the short term, the market has a strong worry about the new rubber market after cutting, which has a greater impact on the market. At the same time, the severe epidemic prevention situation in foreign countries, weak demand and the shutdown caused by the lack of “core” of automobile enterprises are also affected by multiple factors, such as the transmission factor of crude oil affected by more interference factors, the trend of shock, and the supporting role of natural rubber Insufficient, weak market. In the short term, we are still wary of the transmission effect of the substantial change of crude oil on natural rubber. From the middle and late of next month, we are wary of the significant impact of the new rubber on the market.