Rubber weak finishing short-term adjustment has not ended

On the supply side: the domestic production area has fully entered the cutting period, the concentrated latex and full latex production lines have been stopped, and other types of natural rubber processing lines will also be stopped one after another, and the new domestic supply tends to zero
.
In the first two months of 2021, natural rubber production in Thailand increased by 20.
9% year-on-year, Vietnam by 3.
0%, and Malaysia by 2.
5%.

China's import volume and inventory are at a high level
.

Demand: From January to November 2020, the total profit of industrial enterprises above designated size in the rubber and plastic products industry increased by 25.
3% year-on-year, improving the overall efficiency of the industry and boosting consumer confidence
in natural rubber.

The demand for concentrated latex for medical gloves is strong, the United Kingdom, Japan, etc.
have successively adopted stricter epidemic control measures to curb economic activity, the transfer of international orders to China will continue, in order to coordinate the production arrangements after the Spring Festival, some downstream product enterprises increased the inventory
of raw materials such as natural rubber before the holiday.

Rubber opened high and low in the weak finishing intraday continuous diving down, closing the black line
.
The trend of rubber mid-line bulls did not change and the short-term hit a new high after falling, due to the rapid rise of rubber in the early stage, the short-term high fell back, and the short-term is expected to continue the weak shock adjustment to repair the sharp rise market
.