Analysis of natural rubber market price on December 16

index

December 16June, Natural Rubber Qingdao Market STR20 Price Index2100 USYuan/ton, compared withThe previous trading day rose by US$10/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.

Current production areas in HainanAffected by cold air, the temperature has dropped significantly, and rubber forests in some areas have stopped cutting.。

Demand side:It is understood that semi-steel tire sample enterprises started to maintain a high level, and all-steel tire enterprises started to operate in a weak manner. Most enterprises 'internal and external sales and shipments fell short of expectations. Finished product inventories continued to rise month-on-month. Some enterprises that have controlled production basically maintained a balanced state of production and sales.

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.