Analysis of natural rubber market price on November 22
index
November 22June, Natural Rubber Qingdao Market STR20 Price Index1940 BeautyYuan/ton, compared withThe previous trading day fell by US$45/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 most companies have performed smoothly at start-up, and semi-steel tire companies have relatively sufficient orders. In addition, shortages still exist, and enthusiasm for start-up is high. Most all-steel tire companies have remained stable, and a few have moderately adjusted their production schedules to relatively low levels due to poor shipments. The overall fluctuation is not large. In terms of the market, there is sufficient supply in the market, and shipments of all steel tires through the channel are not good. Agents use them as they please, focusing on completing tasks. Some of the prices have been raised. The actual prices of goods shipped by the agents are stable for shipment, and some have certain promotional guidelines., the overall impact on the market is limited.
Futures spot price list
market outlook
Today, the main rubber contract has once again weakened. Judging from the current rubber fundamentals, the weather conditions in the upstream production areas have improved slightly recently. Rubber farmers can carry out rubber tapping operations at full production. Moreover, Thailand's production areas are in a relatively prosperous production state. The overall raw materials are in a state of high volume, but China's production areas are about to gradually enter the cut-off season. In the short term, raw material prices will be supported to some extent. In terms of downstream demand, the market supply is sufficient, and shipments of all steel tires through channels are poor. Agents use them as they please, focusing on completing tasks. Upstream raw material prices are under pressure, downstream actual demand is relatively limited, and the short-term rubber price increase momentum is relatively weak, and it is expected to remain volatile.
