Analysis of natural rubber market price on November 4
index
November 4June, Natural Rubber Qingdao Market STR20 Price Index2000 USYuan/ton, compared withThe previous trading day fell by US$20/ton.
market analysis
futures market
spot market
Supply:
Foreign countries: Periodic showers in Thailand have little impact on rubber tapping work. The northeast is in a period of vigorous production, and the south has increased month-on-month. The overall rubber output is still insufficient. The price of rubber has declined, but the decline is lower than that of the northeast.
China: The weather conditions in Yunnan's producing areas are good, and the rubber tapping work in the producing areas is progressing smoothly. However, cooling weather has begun to appear recently, which has affected the decline of dry content to a certain extent. The cutting stop period is approaching.
Although the typhoon weather in Hainan's production area has ended, rainy weather still exists, making rubber tapping difficult, and fresh glue production on the island is scarce.
Demand side:It is understood that at the beginning of the month, most enterprises 'equipment was running smoothly, and some enterprises had planned maintenance, which will cause a certain drag on the overall start of construction. In terms of policies, most companies maintain the policy of the previous month, and individual companies have certain promotion guidelines, which are mostly tied to the task volume. In terms of the market, affected by the increase in ex-factory prices of enterprises, products with sufficient inventory, channel shipment prices, products with insufficient supply, sales quotations have been increased, and channel shipments have been scarce at the beginning of the month.
Futures spot price list
market outlook
Recently, the main rubber contract has been volatile and has maintained a narrow downward trend. As of now, the weather conditions in the upstream producing areas have gradually improved, raw materials have begun to decline, and cost-side support has gradually become weak. In terms of downstream demand, for all-steel tires, the northern market is gradually entering the off-season. Under the pressure of current low inventory levels, weak demand, and continued high operating levels of raw materials, various companies may continue to flexibly adjust their production schedules, and the overall operating rate will increase. Limited space. The recent weakening of fundamentals has led to natural rubber maintaining signs of decline in the short term. Without any significant changes in fundamentals, it is expected that the natural rubber market will continue to maintain a volatile operation trend in the future.
