As of December 6, the main RU2405 contract price of natural rubber was 13,330 yuan ton, compared with November 1641%；The price of the main contract of No. 20 rubber ** NR2402 contract is 10,195 yuan ton, compared with the price of **8 on November 1689%。After the opening of the market on the 7th, the main contract was at 13,295 yuan tons, and the rubber has continued to fall for several days, and it will take a long time for the future to recover.
This week, the total inventory of natural rubber in Qingdao continued to fall, the bonded area and the general ** inventory have declined, maintaining the trend of destocking, some fundamental news in the week are still bullish factors, Southeast Asian natural rubber ** gradually entered the production reduction period, China's Yunnan production area stopped, Hainan production area entered the cutting period, the output of upstream raw materials weakened to a certain extent or has the role of supporting rubber prices.
On the whole, the rubber end is seasonally good, the demand for NR has weakened, the pressure on BR has been reduced, and the inventory continues to decline, but the downstream terminal demand is weak, and it is recommended to wait and see strategically. (Text: Natural Rubber Mesh).
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