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December 9, 2024, 4:30 PM
Analysis of natural rubber market price on December 9
index
December 9June, Natural Rubber Qingdao Market STR20 Price Index2130 USYuan/ton, compared withThe previous trading day fell by US$60/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 rubber tapping work is carried out normally. 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 entering December, shipments of some all-steel tire companies have been slow, inventories continue to rise, and there are still company maintenance plans, which will drag on the overall operating rate. At present, some semi-steel tire companies have controlled production, and most companies have maintained high levels of start-up.
Futures spot price list
market outlook
Today, the main rubber contract still closed at a relatively high level. As of now, the supply side and the support of the bullish side, the Yunnan production area of China has entered the cutting suspension period. The rain disturbance in Hainan continues to be closer and closer. The reluctance of sellers to sell is more obvious. The flood effect in Southeast Asian production areas continues to ferment, affecting the release of production during the peak period. Overseas raw materials are rising all the way, and the cost support is strong; Downstream start-ups have declined slightly, inventories have increased, shipping pressure on companies has increased, and demand in the short term is relatively limited. On the whole, the current upstream market has obvious gains, and rubber has shown strong resilience and characteristics that are easy to rise but difficult to fall. It is expected that the natural rubber market may remain strong.
