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Rubber supply is expected to be disruptedShortdeckpokerMarket confidence supported a steady rise in prices due to weather factors, the tapping process in global rubber producing areas was blocked, resulting in a year-on-year increase of global natural rubber production from January to February 2024.Shortdeckpoker.6 percent, China's natural rubber imports fell by 12 percent compared with the same period last year.Shortdeckpoker.6%. Production in China, India and Vietnam increased, while production in Thailand and Indonesia declined. Supply is tight in the market, and rubber prices are expected to remain stable or rise slightly in the short term. Investors should pay close attention to the weather changes in the producing areas and the demand of the downstream industry.
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[rubber supply increase is expected to be thwarted short-term market confidence is still supported] market analysis shows that rubber prices are expected to remain stable or rise slightly in the short term supported by market confidence. Release according to ANRPCShortdeckpokerAccording to the latest report, the global rubber production increased slightly from January to February 2024 compared with the same period last year, but due to the influence of weather factors, the tapping process in some production areas was blocked and the supply expectation was thwarted. From January to February, the global production of natural glue increased by 0.6% over the same period last year to 2.246 million tons. However, production in individual producing areas such as Thailand and Indonesia decreased by 0.5 per cent and 5.1 per cent respectively. At the same time, production in countries such as China, India and Vietnam increased by 4.2 per cent, 6 per cent and 2.9 per cent, respectively. From January to February 2024, China's imports of natural and synthetic rubber fell 12.6 per cent year-on-year to 1.156 million tons, according to the General Administration of Customs. In addition, China's natural rubber social inventory and dark rubber social total inventory showed a downward trend, indicating that the market supply is relatively tight. In the downstream industry, data from the China Automobile Association show that passenger car production and sales declined in February compared with the same period last year, but overall production and sales continued to grow from January to February. This means that the demand for rubber remains stable and supports market confidence to a certain extent. Considering various factors, rubber prices are expected to remain stable or rise slightly in the short term. Investors need to pay close attention to the weather changes in the producing areas and the demand of the downstream industry in order to make wise investment decisions. At present, the production areas of Yunnan and Hainan are affected by the weather, the increase in supply is expected to be frustrated, and market confidence is still supported. Hexun self-selected Stock Writer risk Tip: the above content is only the views of the author or guest, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products according to their own circumstances and consult professional investment advisers if necessary. Hexun tries its best but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun does not make any guarantee or commitment.
