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November 27, 2024, 4:26 PM
index
November 27June, Natural Rubber Qingdao Market STR20 Price Index2020 beautyYuan/ton, compared withThe previous trading day rose 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: Cutting has begun to stop in some areas of Yunnan, and raw material output is coming to an end.
At present, rainy weather is relatively frequent in Hainan's production areas, and with the gradual decrease in temperatures, the dry content of fresh glue is generally at 27-28, and in some areas it is as low as about 25.
Demand side:It is understood that some maintenance companies have entered the maintenance period as planned, and shipments will be normal during this period. Some other companies have reduced production, which has caused a certain drag on capacity utilization. Shipments are slow and inventories continue to increase. In terms of the market, terminal demand has not improved significantly. The weather in the northern region has turned cold and the demand for replacement is insufficient. Agents mainly collect money, and the supply of inventory is sufficient, and the willingness to continue purchasing has weakened.
Futures spot price list
market outlook
Today, the main rubber contract shows a correction trend. Judging from the current rubber fundamentals, the increase in overseas supply is expected to remain unchanged. However, the rainy season in southern Thailand disrupts the harvest of rubber, and Thai glue is still driving upward. China's raw material output is coming to an end, and the market's bullish sentiment has increased. 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. There is obvious support for upstream raw material costs, relatively limited actual downstream demand, and short-term rubber prices have upward momentum, but actual support is relatively limited, and it is expected to remain volatile.
