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December 3, 2024, 4:14 PM
Analysis of natural rubber market price on December 3
index
December 3June, Natural Rubber Qingdao Market STR20 Price Index2100 USYuan/ton, compared withThe previous trading day rose by US$60/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: Today, most rubber trees in Yunnan production areas have stopped cutting, glue supply is coming to an end, and some rubber factories are still rushing to harvest.
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 all-steel tyre enterprises has basically remained stable. At the end of the month, all steel tyre enterprises have resumed work, and it will take time for the unit production capacity to recover. There are also some enterprises entering the maintenance period, and the maintenance cycle is about one week, which will affect the overall operating rate has caused a certain drag, and all steel tyre output is still weak.
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, and 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 provide support for rubber prices. Combined with macro news, the natural rubber market will remain relatively high.
