Analysis of natural rubber market price on November 13
index
November 13June, Natural Rubber Qingdao Market STR20 Price Index1980 beautifulYuan/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 are improving, rubber tapping work is proceeding normally, and the output of raw materials increases seasonally. It is expected that the daily rubber production of the island will be around 5000 tons today.
Demand side:It is understood that semi-steel tire companies have started to maintain stability at a high level, and there is still a shortage of some domestic specifications of the company. Some companies have gradually entered the final stage of snow tires, and the overall situation is still in short supply, with low inventory. In terms of the market, terminal demand in China is insufficient, and downstream purchasing sentiment is not high, so it is mainly used and purchased at any time. The semi-steel tire market maintains bulk shipments, and agents continue to lack pressure. They mostly replenish goods appropriately based on their own inventory conditions, mainly focusing on completing tasks.
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 have been affected by typhoon weather, and the rainfall weather is still disturbed, which has pushed up their raw material prices to a certain extent. There has been a rising trend. However, after the rainy weather has ended, the supply of raw materials in Thailand's production areas is expected to heat up, raw material prices are expected to fall, and cost support is relatively weak. In terms of downstream demand, China's terminal demand is insufficient, downstream purchasing sentiment is not high, and the industry is mainly based on on-demand. The industry is not optimistic about the demand in the later period. So far, the support for profit has gradually decreased, and futures have exceeded 10,000. There is insufficient momentum. The weak trend of rubber in the short term is difficult to change.
