677
December 2, 2024, 4:01 PM
Analysis of natural rubber market price on December 2
index
December 2June, Natural Rubber Qingdao Market STR20 Price Index2040 BeautyYuan/ton, compared withStable on the previous trading day.
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 prices of raw materials in Yunnan production areas have temporarily stabilized today. Most Bakelite has stopped cutting on the 30th of last month. It is said that some state-owned factories will stop harvesting glue today, and private factories will stop harvesting around December 5.
At present, the weather conditions in Hainan's production areas have improved, and the normal production of raw materials has been released. With the local temperature falling, the dry content of fresh glue has dropped. Due to winter storage demand, local processing plants are actively purchasing raw materials.
Demand side:It is understood that the start-up performance of most companies is stable, and orders from some semi-steel tire and all-steel tire companies are divided. Individual companies are expected to lower production and storage schedules, which will cause a certain drag on the overall start-up. However, in the short term, most companies with semi-steel tire stocks are out of stock, and start-up will remain at a high level.
Futures spot price list
market outlook
Today, the main rubber contract closed higher. Judging from the current rubber fundamentals, the upstream production areas of China have successively entered the cut-off period. Processing plants are more enthusiastic about stocking up for winter storage, and the cost of raw materials remains firm. The recent flood problem in Thailand has had an impact, and cost support has begun to rise. In terms of downstream demand, downstream terminal demand is expected to be positive at the end of the year. In terms of operating rate, there is a certain replenishment demand in tire factories before the year. The impact of upstream supply weather still exists. The demand for replenishment of warehouses in production areas and the demand for downstream stocking are expected to improve. In the short term, both upstream and downstream will support rubber prices. It is expected that the natural rubber market will improve in the short term.
