Concentrated Overseas Rubber Arrivals in Early November Weigh on Prices(Nov 10)

Concentrated Overseas Rubber Arrivals in Early November Weigh on Prices

Source: eastmoney.com

Original link: https://finance.eastmoney.com/a/202611103926903582.html

In October, localized high temperatures, drought, and rainfall disrupted tapping schedules, constraining raw material supply in both domestic and international producing areas. Domestic imports contracted while inventories continued to draw down. In the middle and latter part of the month, synthetic rubber feedstock prices declined, dragging on natural rubber prices. Tire manufacturers’ operating rates remained below year-ago levels, maintaining rigid procurement. Multiple factors combined to push natural rubber market prices higher before settling into a volatile decline in October.

Looking ahead to November, the El Nino phenomenon is disrupting production in major domestic and international producing areas. Latex output is being affected by persistent high temperatures, drought, and uneven rainfall. Major overseas producing areas remain in their peak production season, while domestic producing areas are approaching the winter tapping halt. Downstream tire enterprises are entering their seasonal off-peak period, and natural rubber feedstock restocking remains cautious. Compounding these factors, the concentrated arrival of overseas rubber shipments in the early part of the month is exerting downward pressure on prices.

Based on comprehensive analysis, the spot market price of domestic whole-latex rubber in the sales area is projected to fluctuate around 18,000–19,000 yuan per ton in November.

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