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December 11, 2024, 4:28 PM
Analysis of natural rubber market price on December 11
index
December 11June, Natural Rubber Qingdao Market STR20 Price Index2120 USYuan/ton, compared withThe previous trading day rose by US$20/ton.
market analysis
futures market
spot market
Supply:
Foreign countries: Rainfall in Thailand's production areas has eased slightly, and rubber tapping operations are gradually returning to normal. In the later period, the volume of production is expected to continue to heat up, and raw material prices are expected to decline slightly.
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 the operation of enterprises 'equipment has not fluctuated much, most of them are mainly maintaining stability, shipments fall short of expectations, and overall inventories are high. The corporate price policy basically continued last month. In order to maintain customer relationships, some brand agents in the market maintained appropriate profits to facilitate smooth payment of money.
Futures spot price list
market outlook
Today, the main rubber contract closed higher. At present, the supply side of China's Yunnan production area has entered a cut-off period, and the output of new rubber continues to decrease. Hainan will gradually enter a cut-off period from late December to January. Spot supply will still be relatively limited. China is currently relatively stable in the upstream, and the weather in foreign production areas has eased. There are expectations for an increase in volume in the future, and raw material prices are expected to fall; The support on the downstream demand side is weak, and spot inventories continue to accumulate slightly, and rubber prices are under pressure. On the whole, the current upstream market has obvious benefits, but as various hype sentiments fade, rubber still has bearish expectations.
