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December 10, 2024, 4:04 PM
Analysis of natural rubber market price on December 10
index
December 10June, Natural Rubber Qingdao Market STR20 Price Index2100 USYuan/ton, compared withThe previous trading day fell by US$30/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 most semi-steel tire companies continue to operate at high levels, and individual companies have lower production schedules, with little overall fluctuations. All steel tyre maintenance companies have resumed equipment, but some companies are still in the maintenance period and are operating at a low level overall.
Futures spot price list
market outlook
Today, the main rubber contract still closed downward. As of now, the supply side and the support of the bullish situation are positive. The Yunnan production area of China has entered the cutting suspension period. The rainwater disturbance in Hainan continues to be disturbed and Hainan's cutting suspension is getting closer and closer. The sentiment of sellers is more obvious. The flood effect in Southeast Asian production areas continues to ferment, affecting the release of output during the peak period. Overseas raw materials are rising all the way, and cost support is strong; downstream start-ups have declined slightly, inventories have increased, corporate shipping pressure has increased, and demand has been relatively limited in the short term. On the whole, the current upstream market has obvious benefits, but as various hype sentiments fade, rubber still has bearish expectations.
