The Day of Black Rise is the Day of the Rubber Plunge?

2021-09-15

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The current policy has obviously suppressed commodities, especially ferrous metals, which have fallen by more than 20% from the highest point. Some varieties have shown signs of stabilizing.

Rubber market performance:

At present, the overall performance of the market is not good, the terminal market demand is limited, the market merchants are slow to deliver goods, and the inventory remains high. In addition, the severe epidemic in Southeast Asia may have an impact on rubber production.

The recent downstream demand situation is not good, the operating rate of tire companies has declined from the high point in early May, and the demand for concentrated milk products is tepid, which has limited boost to rubber prices; from the perspective of bare K, the daily level is also volatile Mainly rising, 13900 has become the current strong resistance.

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