The low point of the year is basically established and the subsequent center of gravity of rubber may move slightly upward

First of all, the recent significant rebound of international crude oil prices at the macro level will have an indirect positive impact on rubber prices; Second, China has entered the "post-epidemic" stage, economic operation is recovering rapidly, and pent-up demand in February and March has been released
.

The pace of resumption of work and production of automobile and tire companies has accelerated, and the operating rate has rebounded significantly, among which the sales of heavy trucks, which are closely related to rubber demand, set a new record for monthly sales in the global heavy-duty truck market in April, and the sales volume in April and May exceeded 60% year-on-year; Third, after entering May, the main production areas will be cut one after another, but due to the adverse phenological conditions and low rubber prices weakening the enthusiasm of rubber tapping, the increase is expected to be limited
.

The new increase of domestic deliverable products this year may fall by nearly 20% due to the diverting of raw materials and the lack of spring prevention work under the epidemic, drought and diseases, forming an important support
for the plate.

Although the problem of "weak demand + high inventory" has not been substantially solved, the overall supply and demand of rubber has become marginally better
than in the first quarter.
The bottom of Shanghai rubber may have formed for a long time, but the rubber price may not have the conditions for a sharp rise for the
time being.