Natural rubber fell slightly, and the market was volatile

On the supply side, from May to July every year, the global seasonal production increase period, the recent decrease in rainfall in the main producing areas at home and abroad is conducive to the increase of raw materials, and raw material prices are still expected
to decline.

On the demand side, tire maintenance manufacturers gradually resumed work last week, and tire starts increased slightly month-on-month, but subject to slow shipments in the domestic market, coupled with serious obstruction of foreign trade shipments, it is expected that tire starts this week are expected
to decline.
At present, the finished product inventory of Shandong tire sample enterprises shows a continuous accumulation phenomenon, mainly due
to the recovery of some stopped and limited production manufacturers, and the poor transmission of downstream and internal and external sales.

Overall, supply growth expectations are relatively certain, while demand contraction is continuing, and no new drivers are visible
.
The high level of domestic inventories continued to deteriorate, but the pace of destocking slowed down
.
At present, the short positions of Shanghai rubber are relatively concentrated, and the short-term downside risk is still large, and the downward edge of the medium-term wide oscillation may move
down.