Analysis of natural rubber market price on November 12
index
November 12June, Natural Rubber Qingdao Market STR20 Price Index2060 BeautyYuan/ton, compared withThe previous trading day fell by US$30/ton.
market analysis
futures market
spot market
Supply:
Abroad: Rainfall in southern Thailand disrupted the output of raw materials, and the factory received insufficient glue. The price of glue rebounded. The demand for raw materials in dry glue factories is still in place, and the price of cup glue is operating strongly.
China: The weather in Yunnan is good today, and the rubber tapping work is in progress normally. The current dry content of the glue is about 26%-27%.
At present, the weather conditions in Hainan's production areas have improved, and rubber tapping work has been carried out normally. The island's raw material output has gradually returned to seasonal increases. Some processing plants have been relatively active in replenishing raw materials, and glue purchases have maintained a price increase.
Demand side:It is understood that the start-up performance of semi-steel tire companies has been high and stable, and the suspension and production restriction of some Shandong enterprises in Quangang Tire have dragged down the overall start-up. The company's shipment performance is poor, the overall sales level is insufficient, and inventory digestion is slow. In terms of the market, after agents concentrated on replenishing goods under the news of price increases, demand in the tire market in China was weak, and various channels were slowly removed from warehouses. The all-steel tire terminal market in the north gradually entered the off-season. The operators are not optimistic about the demand in the later period. Agents of semi-steel tire in the three northeastern provinces are mainly replenishing goods and are basically in the final stage of replenishment. The volume of terminal demand still needs to pay attention to local weather conditions. Most operators have good expectations for the market.
Futures spot price list
market outlook
Today, the main rubber contract remains weak. However, judging from the current rubber fundamentals, the recent weather impact in the upstream production areas is more obvious. Some production areas are affected by typhoon weather, and rainfall weather is still disturbed, which has pushed up their raw material prices to a certain extent. There has been a rising trend, and China's production areas are approaching the cut-off period. The purchasing mood of winter reserves in processing factories is heating up, which in turn supports raw material prices to remain relatively strong. In terms of downstream demand, the terminal market has performed flat, and various channels have been slowly removed from warehouses. The northern all-steel tire terminal market has gradually entered the off-season. The industry is not optimistic about the demand in the later period. As of now, the macro direction is not clear, the supply and demand status is difficult to change, and the shock trend is difficult to change in the short term.
