Shanghai rubber sideways divergence between long and short is large

Spot market: Today, the Tianjiao market is stable and narrow, and Shanghai rubber futures are volatile lower
.
Dry rubber offers were mixed, whole milk rose by about 0.
43% from the previous trading day, latex offers fell slightly, and Huang Chunfa barreled was down about
0.
9% from yesterday.
Macro support tends to be weak, the inventory pressure on the supply side is higher than the same period, rubber tapping in the main production area is in progress, and the terminal market is difficult to see a surge due to environmental protection and other suppression, and the transaction is small
.

The inventory of Qingdao Free Trade Zone announced during the period continued to increase, among which the inventory of synthetic rubber increased significantly
.
The pattern of high inventories and futures premiums has not yet been reversed, making the upward pressure on Shanghai rubber not small
.
After the sharp decline before the National Day, Shanghai rubber began to enter the finishing stage, the current supply and demand, did not see obvious highlights, therefore, the rise after the low level of Shanghai rubber will take time to achieve
.

Recent transactions are relatively limited, the market is in a relatively cold state, the performance of fundamentals is not ideal, the actual demand downstream is not very optimistic, the supply follow-up if there is no extreme weather, after November and December, the main rubber-producing countries, such as Thailand, Indonesia and other regions are high production period, therefore, supply pressure still exists
.
In terms of plate operation, the current market is volatile, the trend is not obvious, it is recommended to wait patiently for the right opportunity to enter the market
.