Commodity market: according to the monitoring of business society, Shanghai Rubber continued to fluctuate slightly on April 27, with the main closing price of 12700 yuan / ton, and the market spot market adjusted by about 50-100 yuan / ton. The average spot market price of domestic natural rubber (standard I) in East China market was 12370 yuan / ton, up 0.57% from the quotation of the previous trading day and down 6.16% year-on-year.
Industry focus: Recently, it has been difficult for Shanghai and other places to issue rubber, the circulation of raw materials and finished products in many domestic places has been blocked, the export demand has also decreased, and it is difficult to recover in the short term; The slowdown in demand has led to heavy finished product inventory of tire enterprises and great pressure to go to the warehouse. With the May Day holiday approaching, the operating rate of enterprises is expected to be reduced due to multiple effects. In terms of inventory, the process of eliminating natural rubber in Qingdao free trade zone was slow. The data showed that as of the 22nd, the rubber inventory in Qingdao was 407600 tons, a month on month increase of – 4.59%.
Aftermarket forecast: with the downward adjustment of global economic growth expectation and the multi-point divergence of domestic public health events, auto enterprises in some serious areas will stop production and the circulation system in many places will be blocked, the delivery of raw materials will be difficult, the demand for finished products will be reduced, and the downstream demand will slow down, resulting in the continuous increase of pressure on spot finished products, the start of production enterprises will be blocked, and the May Day holiday will be superimposed. It is expected that the aftermarket of natural rubber will continue to be weak and volatile.
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