The negative fermentation of the basic expectations has weakened the short-term natural rubber market.
Recently, due to the impact of the foreign trade environment, the market's expectation of weakening demand has been increasing. At the same time, this year's meteorological conditions are good, and the domestic production areas have started tapping earlier, leading to expectations of increased new rubber supply. With a lack of core positive support in the fundamentals, bearish sentiment prevails in the market, dragging down the natural rubber market. Looking at April, it is expected that the pressure on tire companies' demand will gradually increase, combined with further expansion of new rubber tapping in domestic and foreign production areas, the overall operation of natural rubber may be under pressure.
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