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December 17, 2024, 4:22 PM
Analysis of natural rubber market price on December 17
index
December 17June, Natural Rubber Qingdao Market STR20 Price Index2090 beautifulYuan/ton, compared withThe previous trading day fell 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 most of the equipment in early maintenance companies have been restored to regular levels, and some have started operations below the regular level due to insufficient orders. Some companies said that shipment progress was slow in the first half of the month and overall inventories increased.
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 still be relatively limited; Thailand's rubber production season has been smooth, but periodic rainfall still interferes with the rubber cutting process. It is reported that the rainy season in southern Thailand has continued into late June, rubber cutting and production work have been slow to resume, and raw material prices may remain high. China's spot stock accumulation is still expected, downstream conflicts with high prices, short-term market long-short game intensifies, and rubber prices may enter a range shock adjustment period.
