Home > Knowledge > Natural latex low production season approaching in March can help to boost the market again
Natural latex low production season approaching in March can help to boost the market again
2024-03-06

First, Southeast Asia producing areas of natural rubber supply is shrinking trend
In February, Southeast Asia producing areas of natural rubber supply is shrinking trend. Early in the month of Thailand's northern producing areas, glue output reduced by about 50%, the southern producing areas of rubber trees affected by powdery mildew, leafing situation continued, the supply of raw materials gradually tightened, processing plants continue to hoard raw materials, glue purchase price strong, and cup rubber prices by China futures market downward pressure slightly loose, the two spreads expand again. In the second half of Thailand's northern production areas into the cut-off period, some areas in the south of the gum tree has completely leafed out, less raw material output, support the purchase price continued to rise, high processing costs, to a certain extent, inhibit the gum factory to seize the raw material enthusiasm. Vietnam producing areas into the cut-off period, processing plants have stopped acquiring raw materials, 3L rubber more than forward short orders, thick milk due to the European and American market transaction prices are higher, factories to China shipments are limited.

Second, the Southeast Asian natural rubber shipment market price increases
In February, Southeast Asia natural rubber shipment prices rose. Vietnam, Thailand's northern producing areas gradually enter the cut-off period, the southern producing areas of rubber trees affected by powdery mildew, leafing situation continued, the supply of raw materials gradually tightened, glue prices continue to hit new highs, the glue system of finished products thick milk and smoke flake rubber to follow the larger amplitude. Rubber futures bottomed out at the beginning of the month after a slight rebound, driven by the Southeast Asian U.S. dollar shipments reported higher. Subsequently, the futures market narrowly retreated, but overseas processors in the high cost suppression of low willingness to limited, firm offer, China's middle and lower reaches of the enterprise holiday, the market holiday atmosphere is becoming more and more dense, trading is light.

Third, the natural latex RMB market rose after finishing
In February, the mainstream price of imported natural latex RMB market showed the trend of finishing after the rise. Take the Thai imported latex market price in Shanghai as an example, as of February 29, Thailand imported Tai Hua barrels 13900 yuan / tonne, compared with the same period in January rose 500 yuan / tonne, or 3.73%, year-on-year increase of 25.23%; Thailand imported Tai Hua bulk packages 12600 yuan / tonne, compared with the same period in January rose 300 yuan / tonne, or 2.44%, year-on-year increase of 26.00%. In the middle and early part of the Spring Festival holiday, downstream factories, warehousing, logistics holiday, the lack of effective demand, traders are also gradually withdrawing from the market, sporadic offer high, the market is in the price of the market state.

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