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November 11, 2024, 3:46 PM
Analysis of natural rubber market price on November 11
index
November 11June, Natural Rubber Qingdao Market STR20 Price Index2060 BeautyYuan/ton, compared withThe previous trading day fell by US$30/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: The weather in Yunnan is good today, and the rubber tapping work is in progress normally. The current dry content of the glue is about 26%-27%.
At present, the increase in precipitation and weather in Hainan's production areas has affected the development of rubber tapping work. The output of raw materials on the island is limited. In addition, there may be typhoons and precipitation disturbances in the future. In order to ensure their normal production, some processing factories continue to heat up the mood of seizing glue, and raw materials are replenished. It is more active, which in turn drives the purchase price of raw materials to rise.
Demand side:It is understood that some all-steel enterprises have reduced their burdens, maintenance plans, and enterprise production control have continued, and the start-up has been running at a low level. Semi-steel tire enterprises have continued to operate at a high level, snow tires have been closed, and part of their production capacity has been transferred to four-season tires. In terms of the market, early orders from channel merchants and terminal stores have arrived one after another, and the main inventory has been digested in the near future. The performance of the terminal market was flat, with agents and channel dealers having sufficient inventories, and downstream purchasing more on demand, resulting in a significant decrease in actual shipments.
Futures spot price list
market outlook
Today, the main rubber contract fell within a narrow range. However, judging from the current rubber fundamentals, under the influence of weather in the upstream producing areas, especially in Thailand, rainfall and weather still have an impact, pushing up their raw material prices and starting to rise. Moreover, China's producing areas are approaching the cut-off period, and the purchasing mood of processing factories for winter reserves is heating up, which in turn supports raw material prices to remain relatively strong. In terms of downstream demand, the terminal market has performed dullly, agents and channel dealers have sufficient inventories, downstream purchases more on demand, and actual shipments have been significantly reduced. As of now, the macro direction is not clear, the supply and demand status is difficult to change, and the volatile trend is difficult to change in the short term.
