Analysis of natural rubber market price on November 20
index
November 20June, Natural Rubber Qingdao Market STR20 Price Index1990 BeautyYuan/ton, compared withThe previous trading day rose by US$50/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: Yunnan may enter the cutting suspension period at the end of the month, and the output of raw materials is coming to an end. It is heard that the current dry content has dropped to around 25.
The weather conditions in Hainan's production areas are fair. There is only a small amount of precipitation disturbance in some areas, and the output of raw materials increases seasonally. As the local temperature drops, the dry content of glue in the central and eastern regions also decreases.
Demand side:It is understood that the overall orders for domestic and foreign sales are relatively sufficient, and the equipment of semi-steel tire companies are operating smoothly. However, terminal demand in China is not good, the overall shipment performance is average, and inventory is slowly increasing. In terms of the market, China has insufficient terminal demand, and goods are generally shipped. Downstream resupplies more on demand and pick up as needed. Some specifications are out of stock, but it has little impact on overall sales.
Futures spot price list
market outlook
Today, the main rubber contract has shown a narrow improvement. Judging from the current rubber fundamentals, the weather conditions in the upstream production areas have improved slightly recently, and rubber farmers can carry out rubber cutting operations at full production. Coupled with the fact that Thailand's production areas are currently in a relatively prosperous state, the overall raw materials are in a state of high volume, which in turn drags raw material prices to a narrow downward trend. In terms of downstream demand, with the implementation of the price increase policy, the actual situation of tire companies in early summer fell short of expectations. While the fundamentals have not changed much, the macro sentiment has improved. Futures rebounded slightly after falling, driving spot offers to fluctuate. There is no further positive stimulus in the macro market. Rubber prices are expected to remain low and volatile.
