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December 6, 2024, 4:21 PM
Analysis of natural rubber market price on December 6
index
December 6June, Natural Rubber Qingdao Market STR20 Price Index2190 USYuan/ton, compared withThe previous trading day rose by US$90/ton.
market analysis
futures market
spot market
Supply:
Foreign: The hype in Thailand's production areas is overheated. The floods are gradually receding. The impact is mainly in the three prefectures of southern Thailand. Due to the shortage of raw materials, some factories are harvesting rubber at high prices, and the rain is still continuing.
China: The Yunnan production area has entered the stage of a comprehensive cutting stop, and the price of glue is not yet available. After the cutting stop, local rubber farmers concentrated on selling rubber blocks, and some rubber block raw materials were released.
At present, the weather conditions in Hainan's production areas are relatively good, and the dry content of local fresh glue is generally at the level of 27-29. Due to winter storage demand, local private processing plants are relatively active in purchasing raw materials.
Demand side:It is understood that during the month, some semi-steel tyre companies said that the overall order volume has shrunk. In addition, the snow tyre production schedule has ended. The overall shipment performance of the company is poor, and inventories continue to increase. Some companies show signs of production reduction. However, considering the inventory gap in the early period, most companies still maintain a high starting status.
Futures spot price list
market outlook
Today, the main rubber contract closed significantly higher again. The impact of upstream supply and weather still exists. Floods in southern Thailand have strengthened expectations of production cuts, and China's production areas have entered a cut-off period. Cost support has increased significantly. However, the weather impact has a certain degree of hype. Be wary of emotional driving, downstream demand has not improved significantly, and rubber price support is limited. On the whole, the current market is obviously profitable. Rubber has shown strong resilience and is prone to rise but not fall. It is expected that the natural rubber market may remain strong.
