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On Monday, Shanghai rubber continued to fluctuate, falling by about 300 yuan / ton, and spot rubber adjusted
with the market.
Japanese rubber futures fell to a two-week low on Monday as Shanghai rubber tumbled and rising tensions between Russia and the West over Ukraine weighed on global equities.
The Osaka Exchange (OSE) June rubber contract fell 6.
2 yen, or 2.
5 percent, to settle at 238.
2 yen a kilogram, hitting its lowest since Jan.
11 at 238.
1 yen
.
The Shanghai Futures Exchange May rubber contract closed down 385 yuan, or 2.
61 percent, at 14,340 yuan
a tonne.
The session hit a four-week low of $14,335
.
Data show that in 2021, Thailand's exports of natural rubber (excluding compound rubber) totaled 3.
418 million tons, an increase of 28%
year-on-year.
Among them, the total export of standard rubber was 1.
699 million tons, a year-on-year increase of 55%; The export of tobacco flake gum was 509,000 tons, an increase of 34% year-on-year; Latex exports were 1.
187 million tons, a year-on-year increase of 3%.
In 2021, Thailand's total exports of natural rubber and mixed rubber will be 4.
593 million tons, an increase of 8% year-on-year; A total of 2.
415 million tons were exported to China, down 6%
year-on-year.
Domestically, near the Spring Festival holiday, the epidemic prevention and control in various places is severe, logistics enterprises are suspended, cargo transportation is blocked, and the environmental protection requirements of winter and the Winter Olympics are strict, the tire operating rate of downstream enterprises has decreased significantly, and demand is weak
.
On the whole, the output is in the supply reduction season, the current China's inventory, especially in Qingdao, the import volume has increased significantly, the decrease in the outbound volume has caused the accumulation of the warehouse to heat up, and the procurement demand is obviously weak, the market generally expects that the late start of the rubber tire factory after the Spring Festival will lead to continued weak demand, suppress rubber prices, and predict that the natural rubber market in the future market will continue to fluctuate weakly
.
