According to the business community commodity market analysis system, in late November the trend of domestic natural rubber down, China's natural rubber market spot rubber market on November 20 at 13,150 yuan / ton or so, on November 30 at 12,850 yuan / ton or so, down 2.28%.

Late November natural rubber continued downward, Shanghai rubber 01 contract from about 14400 yuan / ton down to about 13600 yuan / ton. At present, Thailand imported latex barrel around 11500-11600 yuan / ton, bulk 10100-10300 yuan / ton, Vietnam imported latex bulk 9500-9600 yuan / ton, domestic latex bulk 9300-9500 yuan / ton.

1, foreign producing areas rainfall has eased domestic producing areas have entered the cut-off period
Supply side, Thailand, Vietnam and domestic Hainan producing areas to reduce rainfall, but the overall raw material output is still less than expected in previous years. At the end of the month, the domestic production areas in Yunnan into the cut-off period, raw material purchase price performance firm. With the advent of winter, the processing plant rubber collection and production enthusiasm, support the natural rubber market. As of November 26, 2023, the combined inventory of bonded and general trade of natural rubber in Qingdao area was 700,100 tons, down 14,200 tons compared with the previous period, a decrease of 1.99% from the previous period. Qingdao bonded area continues to de-stock, total inventory de-stocking slowed down.

2, tire enterprise start rate fell slightly
Demand side, the current rubber tire enterprise start rate overall decline slightly: semi steel tire enterprise start rate to maintain a high level, at present part of the enterprise snow tire scheduling is basically over; all-steel tire start rate fell back, inventory high, at present the enterprise to de-stocking mainly.

Recent rainfall in foreign raw material production areas have eased, raw material output has improved; domestic production areas in Yunnan in December into a comprehensive cut stage, domestic raw materials will reduce production; the current tire enterprise start rate slightly downward, the overall increase in corporate inventories, the gum market support is limited; the current weak end demand, coupled with the raw material production, is expected that the natural rubber market in the near future or will be wide oscillation and finishing is given priority to.