Shanghai rubber continues to rebound trend The recent upward trend is dominant

Specifically, near December, global rubber production gradually stepped from high production to reduced production, resulting in imports that were less than expected
.
In addition, the impact of La Niña on the production area is gradually obvious, the current rainfall in the Thai production area is still too much, the release of raw material glue is limited, the price continues to rise, and Indonesia has entered a seasonal production decline stage
.

Domestically, the main producing areas of Yunnan are close to stopping, and the overall output increase is limited
.
Last week, the volume of natural rubber in Qingdao was less than expected, and the outbound volume continued to rise, which promoted the acceleration of destocking in Qingdao and maintained the continuous destocking since the beginning of this year
.
In addition, due to the reduction of shipping capacity, lack of ships and warehouses, resulting in a backlog of goods in Thai ports, delays in shipping schedules, and continuous upward freight rates from Thailand to China, the overall arrival of ports is less than expected
.

On the whole, weather, labor shortage and seasonal factors affect the current domestic and foreign rubber supply, tire enterprise operating rate rebounded, Qingdao spot inventory imports continue to be low, natural rubber influencing factors are more, it is expected that the recent shock is mainly upward, do not rule out a short technical correction
after a sharp upward adjustment.