Long-lost trading limit, rubber spring is coming?

2023-08-15

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Recently, rubber series varieties have shown strong performance. Shanghai rubber began to rise steadily from the middle of August, and even saw a long-lost trading limit on the first day of September. On that day, synthetic rubber, which was not long on the market, took the lead in sealing the trading limit, and led Shanghai rubber and rubber No. 20 to rise one after another. The long-lost trading limit has triggered unlimited reverie in the market. Is the spring of rubber coming again?

The sharp rise in the rubber series is mainly due to the low price driven by funds to make up the rise. For a long time, the price of rubber has been depressed, and the long-term sentiment of the long-term outbreak has been concentrated. Synthetic rubber has taken the lead in the rise and stop of the whole series of varieties. Secondly, the recent fundamentals of the rubber industry have marginal positive support, the production area of rainfall weather led to poor output of raw materials, some processing plants actively snatch glue to drive the price of raw materials. Finally, the recent commodity market bulls strong sentiment, macro policy frequent expectations for the later related varieties of strong, rubber is also driven by optimism.