[Natural Rubber]: Rubber Weekly Review (November 14)

dry rubber

The main rubber contract contract still maintained a downward trend at the end of this week. 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 materials to a certain extent. Prices began to rise. However, after the rainy weather 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.

natural latex

This week, the offer price on the natural latex spot market in China fell slightly. Traders 'enthusiasm for making was still acceptable. Futures fell, which had a significant drag on the market atmosphere. The US dollar ship prices of overseas Thai processing plants fell, and on-site holders' offers generally fell slightly. Downstream product companies remained cautious in purchasing when entering the market. Under the mentality of "not buying down", there was insufficient follow-up on buying orders, and transactions were mainly negotiated on real orders.

Market outlook forecast:

1. The cut-off period for raw materials in China's production areas is approaching, and winter storage in the main production areas should be continued;

2. It is expected that the operating rate of tire sample companies in the next week may continue to be weak;

3. The inventory in Qingdao, China continues to be removed from the warehouse;

4. Exchange rate, Federal Reserve interest rate cuts, etc.