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The contradiction between supply and demand intensifies and the transaction volume of the rubber spot market is weak

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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In the last trading day, domestic natural rubber futures rose sharply, driving spot prices up, but downstream procurement was more rational, and the actual transaction was not ideal
.

rubber

In terms of the spot market, in Qingdao, the 16-year full latex standard rubber is about 13500-13700 yuan / ton, and Vietnam's 3L report is about 13200-13500 yuan / ton; In terms of US dollar rubber, the bonded zone Thai three reported 1810 US dollars / ton, and the Thai standard spot reported 1620 US dollars / ton
.

In terms of inventory, the inventory of the bonded area reflects the terminal demand, the entire first half of the industrial chain inventory is at an absolute high level, since the beginning of July, Qingdao bonded zone rubber out of the warehouse more, some tire companies directly purchased from the bonded zone, inventory has decreased
slightly compared with the end of June.

Rubber production continues to increase, and stocks in bonded areas have decreased, but there is no certainty that they will continue to decline; The downstream is in the traditional off-season of tires, and the demand of enterprises has not improved significantly
.
The weak fundamentals of natural rubber may continue to suppress prices, and the price of synthetic rubber may be limited
.

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