Shanghai rubber continues to rise, and spot prices follow the heating up

Stocks in the Qingdao Free Trade Zone fell to 265,800 mt as of March 15, down 2.
1% from the end of
last month.
On the one hand, there is a small amount of downstream procurement, and on the other hand, because the newly arrived goods need to be fumigated recently, which increases the waiting time
for warehousing.

From the perspective of the top 20 main positions, the main monthly change of Shanghai rubber has basically been completed, and the current bears are still dominant, but the net shorts have decreased
in the past two days.

From the perspective of comprehensive supply and demand, the main foreign production areas are still in the period of suspension, and the domestic has not yet been cut
.
Moreover, according to the latest production area news, the Yunnan harvesting period is expected to be postponed to mid-to-late April, while the Hainan harvesting will also be in early May, so the support of seasonal supply contraction can still be sustained
.
And the delay of domestic cutting is also a positive factor
for prices.
However, because the problem of high inventory persists, the pressure on front-month contracts is still relatively large
.
The downstream operating rate continued to improve, which also played a supporting role in the price of tianjiao, and investors were advised to maintain a long idea
.