The impact of the hottest Thai flood is not very s

The impact of floods in Thailand is not very serious, and the supply and demand is loose. Tianjiao continued to fall

following the decline in the commodity market led by the previous trading day, Tianjiao futures on the Shanghai futures exchange continued to fluctuate downward yesterday, with the main 1201 contract closing at 25660 yuan per ton, down 2.49%; The 1205 contract fell even more, about

according to market analysis, the weakness of the price of natural rubber was mainly affected by the loose supply and demand side. The impact of floods in Thailand on rubber production is not very serious. Supply and demand are loose, and the price of natural rubber will continue to fall

in terms of supply, Thailand suffered a large-scale flood attack, but it did not affect the rubber producing areas, which had limited benefits for Tianjiao

since May, northern Thailand has entered the rainy season, and some areas have been cleaned of waste plastics. At present, manual or mechanical cleaning is generally used to start flooding. Since July, floods in the north and northeast have tended to be serious, and gradually spread to the middle, flooding the Mekong plain, and Bangkok, the capital of Thailand, has also suffered. Up to now, 24 provinces in Thailand have not been affected by floods. However, the main rubber producing areas in Thailand are concentrated in the south, and the overall rainfall in the main rubber producing areas in the south is not different from that in previous years, so the impact of floods on rubber production is limited

Fang Junfeng, an analyst of Shanghai medium term futures, said in an interview with the international finance news: "the floods in Thailand have brought certain difficulties to the transportation of the rubber industry, but have little impact on the overall market."

in addition, some analysts pointed out that compared with the output, the consumption of rubber in Thailand is concentrated in the flood outbreak areas, especially the automotive industry has suffered a serious impact, and the sharp reduction in demand has led to the weakness of rubber prices

domestically, the price of natural rubber is also restrained by weak demand. According to the latest data from the China Association of automobile manufacturers, a total of 1220800 passenger cars were sold in October, a month on month decrease of 7.48%, a year-on-year increase of 1.42%, and the year-on-year growth rate was the lowest since May this year

Fang Junfeng said that at present, domestic automobile consumption is slowing down, the operating rate of tire manufacturers is not high, and consumption is more on-demand procurement. Manufacturers are unwilling to stock in advance, and the rubber price is under pressure. However, in the past month, the trading volume of Tianjiao futures has increased significantly, showing signs of capital entry, which makes the price of glue also become the material urgently needed by handheld terminal manufacturers, with a limited decline in the period

in addition, the domestic macro economy has a certain support for the rubber price. On November 9, the National Bureau of statistics released data that CPI rose 5.5% year-on-year in October. The decline in CPI growth further eased the pressure of the central bank to tighten monetary policy, creating conditions for easing and fine-tuning. Recently, the market even began to rumor that the deposit in the future requires that plastic additives can improve the degradation of plastics at least without hindering the degradation of plastics, and the reserve ratio may be reduced

Fang Junfeng pointed out that the rubber price is currently in the range of 24460 yuan to 29500 yuan per ton, and will continue to fluctuate in the later stage

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