[Natural Rubber]: Rubber Daily Journal (November 27)

Analysis of natural rubber market price on November 27

index

On November 27, the STR20 price index of natural rubber in the Qingdao market was US$1490/ton, which was stable compared with the previous trading day.

market analysis

futures market

spot market

Supply:

Foreign countries: Rainfall weather in foreign production areas has eased, and some areas have begun to increase in a narrow range. A few areas still have the impact of rainfall, and raw material prices fluctuate within a narrow range.

China: Weather conditions in China's production areas have returned to normal, raw material output has also gradually recovered, and Yunnan's production areas are close to stopping cutting, and raw material prices are relatively firm.

Demand: Some enterprises have ended snow tire scheduling production, and their efforts have increased throughout the four seasons. At present, most enterprises have started operations and maintained high levels. In the second half of the month, foreign trade order delivery is concentrated, domestic shipments are slow, and overall inventory is acceptable. In terms of the market, with the arrival of rainy and snowy weather in Northeast China, the trading activity of the snow tire replacement market in Northeast China has not decreased. It is expected that the snow tire market will remain relatively active next week. As the overall inventory is not large, the market search phenomenon will continue.

Futures spot price list

market outlook

The overall supply of natural rubber in the main producing areas of Southeast Asia shows a seasonal increase. The peak season of cutting is conducive to the release of raw materials. However, the recent impact of rainfall in the producing areas is still affected, and the follow-up of glue output is limited. China's producing areas are approaching the cutting suspension period, and the purchase price of raw materials is strong., there is still support at the bottom of rubber prices. The volume of imported rubber arriving in Hong Kong may continue to increase, and the total social inventory has limited changes. The demand side has gradually entered the off-season at the end of the year. The demand for terminal replacement has weakened. The inventory of finished products has accumulated. There are still weak expectations for companies to start construction, which has suppressed the enthusiasm for replenishing raw materials and increased upward pressure on prices. On the whole, positive factors in the early stage were traded on the market, there were no new hype points in the short term, and there was insufficient upward driving on the market.