futures diving back up recently repeated flash no spot, but the floods came Thailand at the end of the month seems to take us red back to the scene, but the good did not come on schedule, the news came Shanghai late Small jump.
So from the inventory point of view, Qingdao Free Trade Zone, the total inventory of four up, the total inventory growth of 18,900 tons, an increase of 10.10%; the main reason is the growth of synthetic rubber, four increase 65.09%; natural rubber to the inventory phase but more An increase of 61,000 tons over the same period last year, an increase of 110.10%, an increase of 115,200 tons over the same period last year, an increase of 126.73%. Late natural rubber continued to inventory stage, with the main producing areas in December into the cut transition stocks are expected to decline.
According to Thai media reported on the 29th, by the strong rainfall in the northeast monsoon, southern Thailand, including Songkhla, Yala, Beidahan and other 12 prefectures suffered serious flooding. The worst disaster in Yala province in southern Thailand was affected by more than 200,000 people and about 1,200 hectares of harvested farmland. At present, the government has added a large-scale water pump to speed up flood discharge. In addition, about 4,800 hectares of farmland were flooded in Bhutan, and 20 wind farms under the jurisdiction of Peking University were damaged to varying degrees. At present, dozens of schools in the affected areas have announced the suspension of classes indefinitely. Reflect last year due to flooding caused by traders to cover the high late inventory is difficult, the market all the way to fall caused by the “once snake bite ten years afraid of the well” impact market mentality at the same time but did not show any positive signs, the late trend to take into account Over the same period a high level of inventory, coupled with pre-existing warehouse receipts pressure, rebound intensity is limited.
Downstream demand side, the downstream tire tire capacity utilization rate of 66.58%, down 2.18%, semi-steel tire capacity utilization rate of 69.68%, down 0.43%, the lack of stability in the terminal industry operating rate, spot trading small single. In the latter part of the period, even though the flood disaster has a good deposit and withdrawal, it is unlikely that further reduction of output will be caused after the reduction in supply-side production drives high stocks back to normal. Moreover, the Thai side has given up its fifth round of reserve supply and reserves replenishment in the first round due to the cessation of trading Seasonal reduction rules will rebound but limited space.
Source: Zhongyu
Translated by Google Translator from http://market.cria.org.cn/25/40779.html
