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December 12, 2024, 3:25 PM
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dry rubber
This week, the main rubber contract is in a downward and rebound trend. 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 the 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.
natural latex
This week, the price of offers on the natural latex spot market in China has been adjusted at a high level. Traders are still enthusiastic about making offers. Rain disturbances in southern Thailand continue, and the release of raw materials is still poor. The purchase price of glue maintains an upward trend. In addition, the cut suspension period in Hainan, China is approaching. The supply side is good for rubber prices, and the holders generally support prices. The focus of market offers is high and firm. Downstream product companies are still cautious in receiving goods, counter-offers reduce prices, and the overall demand remains the main focus.
Market outlook forecast:
1. Raw materials in China's production areas have successively entered the cut-off period, and winter storage in the main production areas should be continued;
2. It is expected that the operating rate of tire sample companies in the next week may continue to be weak;
3. Inventory in Qingdao, China continues to accumulate;
4. Exchange rate, Federal Reserve interest rate cuts, etc.
