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The closing price of natural rubber external futures rose slightly around the "November" holiday
.
As of October 6, 2021, the closing price of the OSE rubber (RSS3) March contract was up 2.
7 yen/kg, or 1.
27%, from September 30, and the closing price of the Singapore (TSR20) November contract was up 2.
2 cents/kg, or 168.
5 cents/kg, or 1.
32%,
from September 30.
Domestic spot prices rose
slightly.
According to Longzhong Information, affected by the small fluctuation of external futures, the spot price of natural rubber followed a slight adjustment, I heard that the price of Thai No.
20 standard rubber US dollar rose by about 20 US dollars / ton, and the price of RMB Thai mixed price rose by about 150-200 yuan / ton, and there were few offers in the market during the internal futures break, and the spot price was for reference
only.
Before and after the "November" holiday, the price of Yunnan's natural rubber self-produced raw materials was basically stable, and foreign raw materials entered
rapidly.
The "power rationing" situation in Yunnan production area is basically similar to before the holiday, there is basically no widespread continuous rainfall during the festival, the output of raw materials is normal, the processing plant mainly purchases smoothly, and the price of self-produced raw materials remains stable
.
I heard that the import resistance of Mohan Port has increased, which has an impact on the entry of foreign raw materials, and other ports are relatively normal for the time being, and the entry speed of foreign raw materials is relatively fast
.
In the short term, the "November" festival in the foreign futures and spot rose slightly, pre-holiday safe-haven funds after the holiday may re-enter the market, promote market heat, although there is a possibility of more concentrated arrival in the last three weeks of October, but because of the impact of the "November" holiday, it is generally expected that there is a seasonal slight decline in imports in October, superimposed on the tire factory's "November" holiday is shorter than expected, and the sharp reduction in Sino-US sea freight is conducive to tire exports, boosting demand expectations, while promoting Qingdao area to continue to consume stocks after the holiday.
There is a possibility that short-term tianjiao will continue to rise, and the RU01 contract focuses on the upper 14400 yuan / ton and 14800 yuan / ton, and pays attention to the spot trading situation
.
It is expected that natural rubber will maintain bullish expectations in the medium and long term, paying attention to risks such as the increased impact of power cuts, the sharp decline in ocean freight, the decline in overseas demand, and the approaching peak production period and increased arrival in Thailand
.
