Home > News > Natural rubber fell in December and then rose in the spot may be up in the near future
Natural rubber fell in December and then rose in the spot may be up in the near future
2024-01-02

December natural rubber fell first and then rose, Shanghai rubber 05 contract from 13600 yuan / ton or so shock fell to 13200 yuan / ton, and shock rose to 14200 yuan / ton or so. At present, Thailand's imported latex barrel 12200-12400 yuan / ton or so, bulk 11000-11200 yuan / ton or so, Vietnam's imported latex bulk 10200-10300 yuan / ton or so, domestic latex bulk 10100-10300 yuan / ton or so.

Thailand is in the peak season of rubber cutting, but local flooding, raw material output is limited; Vietnam producing areas part of the production period, factories are entering the preparation period; domestic Hainan producing areas are entering the cut period; Yunnan producing areas into a comprehensive cut period. Before the processing plant rubber collection and production enthusiasm, support the natural rubber market.

December tire start-up stable late by environmental protection, off-season factors such as the impact of lower, just rubber support weakened at the end of the month.

December international crude oil price trend shock downward, geopolitical factors have eased, the Red Sea region shipping has recovered, affected by this, the international oil prices have fallen.

At present, domestic and foreign raw material output is limited, Yunnan region into a comprehensive cut-off period, Thailand, Vietnam, Hainan producing areas partly due to weather and other reasons into the cut-off period; half steel tire enterprises sufficient foreign trade orders, high work rate, the market for rubber market sentiment support; downstream "buy up not buy down" sentiment is warming up.

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