Rubber Rise Slows Down Short-term Attention To Callback Risk

- Feb 24, 2020-

At present, the raw material inventory of tire companies is relatively sufficient, and due to the current poor sales performance, the overall performance of the current high-priced procurement enthusiasm is not good. At present, the negative fundamentals are mainly focused on the peak supply season and sluggish demand, but the cancellation of warehouse receipt inventory and the decrease in the number of new deliverable warehouse receipts have eased the pressure on the market. 

In the medium and long term, the rubber market is expected to maintain a volatile and rising pattern, and it is necessary to pay attention to the risk of callback in the short term. Operational recommendations, multiple orders in the previous period can reduce positions and take profits.