bearish
Possible Opportunistic Chinese Buying Post Lunar New Year Could Support Physical Market
3 Views17 Jan 2023 16:35
The rubber producers are reeling from the recent price rebound, mainly driven by China’s reopening and restocking. However, skepticism is undoubtedly prevalent among the market participants as they try to assess the situation post the Lunar New Year holidays. While there are some positive global cues, various other factors could tip the scale either way.
What is covered in the Full Insight:
- Overview of Current Rubber Market
- Impact of Chinese New Year on SHFE Rubber Prices
- Tire Demand and Production in China
- Rising COVID-19 Cases Impact
- Wintering in Thailand and Its Impacts
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