Domestic price correction of the hottest natural r

There is still downward pressure on the domestic price of natural rubber in the short term.

the monitoring of the Ministry of Commerce shows that since the second half of November, due to the large accumulation of inventories in major natural rubber producing regions in the world, some producing areas are facing shipping pressure, and the price of natural rubber has slightly corrected. Experts believe that due to the increase in global natural rubber supply, high inventories, high crude oil prices and other factors, domestic natural rubber prices are still facing some downward pressure in the short term

according to monitoring, the average price of domestic 5 # standard glue in the second half of November was about 21285 yuan/ton, and the average price of imported 3 # cigarette glue was about 22490 yuan/ton, down 1.0% and 1.2% respectively compared with the first half of November

from the perspective of global supply and demand, although the global natural rubber supply and demand in the first 11 months did not appear to be significantly oversupplied as expected by the International Rubber Research Organization (IRSG), the supply and demand relationship in the rubber market this year was significantly eased compared with last year. In the later stage, the global rubber supply is expected to continue to increase. In December, Southeast Asia entered a high production period, and the tapping volume of major producing countries such as Thailand, Indonesia, Malaysia and so on resumed growth. The pressure on spot supply is becoming heavier. In addition, India's natural rubber production has also increased significantly, with the average monthly production increasing by more than 10% year-on-year

domestic natural rubber inventory still needs to be further released. The latest inventory data of Shanghai futures trading in the process of quarterly maintenance showed that on December 7, the inventory of natural rubber was about 89000 tons, slightly lower than that in November, but still at a high level in the second half of the year

in addition, the pullback of international crude oil prices also led to the fall of natural rubber prices. As a basic energy, there is a strong linkage between crude oil prices and other commodity prices; The main raw material of synthetic rubber, a substitute for natural rubber, comes from oil. The weakening international crude oil price has a substantial negative impact on the price of synthetic rubber and a negative impact on the price of natural rubber

in addition, the national reserve material regulation center will auction 19000 tons of national reserve natural rubber by bidding in the middle of this month. The selling of national reserve natural rubber has increased the market. The airframe structure of Sino Russian long-range wide body airliner will be used in a large area. Part 5 is about the external flame roof experiment to confirm the material supply of grading method. At the same time, it also has a certain impact on market expectations

however, analysts said that the short-term downward pressure did not mean a sharp decline in the market. It should be noted that at present, Hainan and Yunnan, the main domestic natural rubber production areas that have completed the tensile, peel, tear, shrinkage and other mechanical property experiments of the samples, are approaching the comprehensive cutting suspension period. After the inventory is fully released, the domestic natural rubber price is expected to stop falling and stabilize

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