On Wednesday, after nearly two days of continuous decline of major monomer factories, the price difference narrowed, and basically returned to the same starting line. Today, most manufacturers are generally stable, while the price of Shandong monomer factory is slightly higher due to cash transaction, and the price is reduced by 300 again today. At present, the price of DMC 23700 ~ 24500 tons will be improved. And there are occasional rumors that large businesses are allowed to make large orders in advance. I don't know whether it is a smoke bomb or it is true.


On the whole, the middle and lower reaches enterprises have been tentatively preparing goods one after another, and the upward rebound in the upper reaches is ready to move, but the terminal demand has not improved. Yesterday, the quotation of raw material metal silicon 421# Huangpu port was 19800 ~ 20800 yuan / ton, down 600 yuan. The weakening of the cost side left room for profit for the monomer factory. Therefore, there is still uncertain risk whether it is a bottom reading opportunity or a decline relay. In the short term, the price of DMC may fall or be limited. We need to be alert to the upstream "rebound" operation. It is recommended to stabilize our basic market first, don't be easily brought to the rhythm, and make a careful choice!


Raw rubber Market: under the continuous decline of DMC and the leading monomer factory, the raw rubber first fell to 25000 yuan / ton. The raw rubber factories that followed up last weekend also followed up the decline yesterday, offering 25000 ~ 25500 yuan / ton, a sharp drop of 1500-2000 compared with last week. However, there are also some raw rubber enterprises that are actively delivering orders due to more orders received due to early promotion. At present, the weak demand in the rubber compound market is difficult to change. Most of them just need to prepare goods, and large-scale stock up has not been carried out yet. The high inventory of some raw rubber factories is still alleviating. In the short term, the raw rubber factory has been falling continuously, and the order taking has improved slightly this week. In order to further dispel the concerns of rubber mixing, another export may boost the shipment.


Rubber compounding Market: raw rubber continues to decline, and rubber compounding can only follow up. Moreover, the rubber compounding of leading monomer factories fell below the 20000 mark for the first time this year, with a quotation of 19800 yuan / ton, while that of other rubber compounding factories was 21000 ~ 22000 yuan / ton, down 1000 yuan. At present, the mixed rubber market continues to hang upside down and the profit is limited. Most enterprises are struggling to insist that they either ship at a loss or reduce production all the way, or even stop production. Therefore, most enterprises are pessimistic about the future market. At present, bottom reading is still waiting for the opportunity. If the price of raw rubber drops again, some rubber mixing enterprises may hoard goods in batches. It is expected that the rubber mix market will continue to lose shipments in the vortex of low prices this week.


Demand side: at present, the sealed off area in East China is gradually unsealed, the control strength is weakened, the transportation capacity is gradually restored, and the demand of the terminal market may be improved. However, the original demand of 700000 tons of capacity expanded in the upstream in the first quarter of this year is lower than last year. After several rounds of Yi situation, it may take a long time for the severely frustrated terminal market to recover and reach the balance between supply and demand. In the short term, the price may be affected by oversold, There may be a restorative rebound, but in the long run, the average downward trend is still the mainstream. Rubber compounds should be prepared for a protracted war.


On the whole, at present, the DMC quotation of single factories has fallen one after another, and the middle and downstream enterprises have started the stock action. In order to compete for orders, the quotation of single factories may secretly make profits, and continue to pay close attention to the downstream stock volume.