News summary

Initial output in Hainan and Yunnan rubber producing areas is limited, new rubber in Thailand continues to be released, and market supply pressure is increasing. Rubber prices are expected to continue to adjust weakly.

Newsletter text

[The rubber market is under pressure and downward, and the pressure on the supply side is prominent] The rubber market performed weakly on Tuesday, and prices continued to fall. The initial production of rubber tapping in Hainan was limited by the impact of drought, and the output was small; although a small amount of rubber tapping in Yunnan began to be tapped, the overall supply was limited. Thailand's producing areas expect the supply of new rubber to gradually increase after the Songkran Festival, further increasing raw material pricescocoacasino40freespinsDownward pressure. With the supply of new gluecocoacasino40freespinsExpectations have increased, and pressure on the supply side continues to rise. Although the start-up situation of domestic downstream industries remains stable and semi-steel tire output is even better than the same period last year, rubber prices still lack upward momentum in the short term, and the market is expected to continue to experience weak adjustments.