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December 13, 2024, 4:27 PM
Analysis of natural rubber market price on December 13
index
December 13June, Natural Rubber Qingdao Market STR20 Price Index2090 beautifulYuan/ton, compared withThe previous trading day fell by US$40/ton.
market analysis
futures market
spot market
Supply:
Foreign countries: It is still raining in southern Thailand, a production area in Thailand. Some rubber gardens have not fully recovered due to floods and are unable to cut rubber normally. Raw material prices continue to strengthen.
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 equipment of most enterprises is operating smoothly, and some maintenance enterprises have resumed work, but the equipment has not yet returned to normal levels. The current overall shipment level is not good. The inventory of some enterprises continues to increase, and the inventory of some enterprises that have limited production has basically performed smoothly.
Futures spot price list
market outlook
Today, the main rubber contract closed down within a narrow range. Currently, the supply side of China's Yunnan production area has entered a cut-off period, and new rubber output continues to decrease. Hainan will gradually enter a cut-off period from late December to January, and spot supply will remain relatively limited. China's current upstream profit margins are relatively stable. The rainy season in southern Thailand continues to late June. Rubber cutting and production work are recovering slowly, and raw material prices may remain high. There is still room for speculation in on-site funds. The expectation of cumulative cash deposits in China is still in place. The downstream is in conflict with high prices. The short-term market game of long and short periods intensifies, and rubber prices may enter a range shock adjustment period.
