Although rubber prices have rebounded, the market transaction is relatively light

From the spot side, the supply side is strong, the spot price of Thai latex fell to a new low at the end of the year, the import rubber of the main domestic port arrived at the port, the inventory continued to increase, and the spot circulation was abundant
.
From the demand side, the tire supply pressure of downstream tire enterprises is large, the finished product pressure warehouse, the demand at home and abroad is sluggish, the purchase orders of product enterprises for raw material rubber are naturally difficult to increase, and it will take time for rubber procurement to improve
.
Latex prices in Southeast Asian production areas, domestic markets and US dollar rubber markets are still hovering in a low range, and although rubber prices have rebounded, the transaction is relatively light
.
The market is generally looking forward to
the supply impact of the domestic rubber that is about to be stopped.

In terms of news, on November 17, international crude oil futures fell
sharply.
The main contract for U.
S.
WTI crude futures settled at $81.
64 a barrel, down $3.
95 or 4.
6 percent
.
WTI fell to its lowest level
since Oct.
3.
The analysis believes that the signs of recession in Europe and the United States are becoming clearer, which may lead to a decline in global demand and become a shadow
that has shrouded the oil market for a long time.
In the short term, OPEC still plays a leading role in regulating the slow growth of U.
S.
shale oil, and the possibility of continuing to reduce production is not ruled out in the later stage, which will support
oil prices.
At the same time, the EU's ban on Russian oil is about to take effect, and the expectation of tight supply in the short term is still there
.
On the whole, the short-term supply and demand game in the oil market will intensify, which will maintain a volatile pattern; In the medium and long term, there may be downward pressure
.

Future market forecast: according to the output law of natural rubber, domestic full latex will start to stop cutting next month, in the short term spot supply is loose, order demand is not improving well, natural rubber is difficult to rise sharply; In the medium term, Tianjiao is about to enter the annual low-yield area, and the market expects that the cessation of domestic rubber is a very important market favorable factor, according to seasonal characteristics, the upward expectation of the future market price is more common
.