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On May 10, looking at the recent market, Shanghai rubber still continued to create a low point of the year, from a fundamental point of view, neither inventory nor downstream demand is enough to support the large-scale rebound
of tianjiao.
In addition, the passenger car data in April continued to remain weak, and the rubber production areas were about to be fully cut, and the rubber price correction was hopeless
.
In terms of inventory, all inventory is concentrated in downstream distributors
.
It is understood that when the first-level dealer asks the tire factory for goods every month, it will first solicit the demand of downstream users, and then go to schedule.
Compared with the previous period, the popularity of tire dealers has decreased
.
In terms of raw materials, the trend of natural rubber is still in a downward trend
.
This trend has caused enterprises to buy up rather than down, and they are also quite cautious
about the procurement of raw materials.
To this end, some tire companies have accelerated the pace
of raw material procurement.
The frequency of procurement has changed from once a few months to once a week, and rubber stocks have basically remained at 7 days
.
At present, the downstream market of Tianjiao, especially the insufficient demand of tire companies, cannot boost the price of
Tianjiao in the short term.
Therefore, it is recommended that traders continue to be cautious and purchase
on demand.
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