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November 29, 2024, 4:20 PM
Analysis of natural rubber market price on November 29
index
November 29June, Natural Rubber Qingdao Market STR20 Price Index2040 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: Cutting has begun to stop in some areas of Yunnan, and raw material output is coming to an end.
At present, the weather conditions in Hainan's production areas have improved and the output of raw materials has recovered. However, precipitation disturbances are still present in some areas. As the local temperature gradually drops, the dry content of fresh glue has dropped.
Demand side:It is understood that most semi-steel tire companies are operating at high levels to meet order demand, but shipment performance has slowed down. At the end of the month, domestic and foreign sales shipments performed poorly, and overall inventories are in an improving state.
Futures spot price list
market outlook
Today, the main rubber contract still maintains a correction trend. Judging from the current rubber fundamentals, upstream weather disturbances have increased, raw material output has been blocked, and raw material prices are expected to increase. Coupled with the fact that some areas are approaching the cutting suspension period, processing plants are more enthusiastic about winter storage and stocking., the raw material cost side remains firm. In terms of downstream demand, downstream terminal demand is expected to be positive at the end of the year. In terms of operating rates, there was a certain need for replenishment of tire factories before the year. The impact of upstream supply weather still exists, and the demand for replenishment of warehouses in production areas and downstream stocking demand are expected to improve. In the short term, both upstream and downstream will provide support for rubber prices. It is expected that the natural rubber market may remain widely volatile in the short term.
