Fundamental expectations of bearish sentiment are fermenting; short-term natural rubber is weakly trending.

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【Fundamentals expected to be a negative catalyst; short-term natural rubber weakness continues】Caixin News, March 20: In recent days, due to external trade environment pressures, market expectations for weakness on the demand side have been gaining momentum. At the same time, this year’s meteorological and seasonal conditions are favorable—domestic production regions have begun tapping earlier, and expectations for the increased supply of new rubber have risen. With a lack of core positive catalysts in the fundamentals, bearish sentiment has spread throughout the market, dragging the Tianjin gummi market into weaker-than-expected performance. Looking at April, it is expected that demand pressure for tire companies may gradually become more evident, and with newly tapped rubber in both domestic and overseas production regions further amplifying the impact, natural rubber’s overall performance is likely to face pressure. (Zhuochuang Information)

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