418
November 19, 2024, 4:26 PM
Analysis of natural rubber market price on November 19
index
November 19June, Natural Rubber Qingdao Market STR20 Price Index1940 BeautyYuan/ton, compared withThe previous trading day rose by US$10/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 stable equipment start-up performance and mixed shipment performance. Some companies implemented price increases last month, and shipments are scarce. Sales this month have improved compared with the previous month. In addition, the price advantage of companies 'products has decreased, and shipments have dropped significantly compared with the previous month. The overall inventory level of the company has been improved. In terms of the market, terminal demand is weak and goods are scarce. Most of the goods are still in need of goods. Channel trading is deserted and purchases are made as they are used. The market supply is sufficient, and price policies are mostly based on stability.
Futures spot price list
market outlook
Today, the main rubber contract remains weak, but 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. Coupled with the postponement of the EUDR Act, overseas demand fell. However, there is no further macro stimulus at present. Both supply and demand in China remain relatively weak, and rubber prices are expected to remain low and volatile.
