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Last week, Shanghai rubber fell a few trading days before the end, rebounded strongly, with an increase of about 300-450 yuan / ton, and spot rubber adjusted
with the market.
On the supply side, it is reported that the impact of La Nina on the production area is gradually obvious, the recent precipitation in Thailand continues to be more, Indonesia has entered the seasonal production decline stage, China's domestic rubber will gradually stop cutting, seriously affecting the production of rubber raw materials, the current output is much less than in previous years, raw material prices are firm
.
As of November 18, the tire operating rate of all-steel enterprises was 65.
5%, and the operating rate of semi-steel tire enterprises was 61.
3%, which was actually lower than the same period last year, and there was room for further recovery in the later period
.
In terms of stocks, at the beginning of 2021, Qingdao's natural rubber stocks were nearly 800,000 tons, and as of November 15, the region's natural rubber stocks were 353,800 tons, down 16,700 tons
from last week.
Among them, the stock of the bonded zone was 64,100 tons, and the general trade inventory was 289,700 tons, showing a continuous downward trend
overall.
The future market predicts that weather, labor shortages and seasonal factors in some regions affect the current domestic and foreign rubber supply, the recovery of tire enterprise operating rate means that demand is rising, the import volume of mixed rubber is small and Qingdao's local spot inventory is reduced, and the recent natural rubber influencing factors are more, and the shock is mainly
upward.
