A novel coronavirus pneumonia is spreading rapidly, which has been spreading faster than the original virus. 70% of the recent new crown pneumonia cases have recently been caused by variant viruses. The virus has been infected by the virus. British Prime Minister Johnson previously announced that London, Southeast and east of England will be upgraded from three-level prevention and control level to the highest level four comprehensive blockades for two weeks. According to the BBC, more than 30 countries and regions have issued travel bans in the UK. Affected by this, the European financial market was in a violent shock, and the European stock market and futures market fell sharply one after another.
On December 22, the domestic futures market was affected by the panic caused by the incident, and the rubber futures fell by more than 7% in the end. As of 15:00, Shanghai Rubber 2105 contract decreased by 7.11%, and the daily minimum price fell below 14,000 RMB/ ton to 13,900 RMB/ ton. No. 20 rubber 2102 decreased by 7.45%, and the single day price dropped by 810 RMB/ ton to the lowest price of 10,060 RMB/ ton. The natural rubber commodity index on December 22 was 40.50, which was 0.94 points lower than the previous day, 59.50% lower than 100.00 points (2011-09-01), and 48.46% higher than 27.28 points, the lowest point on April 2, 2020. (Note: period refers to 2011-09-01 to now)
In the last month of 2020, natural rubber futures and spot prices fluctuated all the way. Affected by panic, Shanghai Rubber fell sharply and spot rubber adjusted with the plate. However, due to the sharp drop in Shanghai Rubber late trading on December 22, most trade quotations are mainly based on midday prices. According to the monitoring data of SunSirs, the mainstream quotation of natural rubberin East China fell 350-400 RMB/ ton on December 22, 13,950 RMB/ ton on December 21, and 13,650 RMB/ ton on December 22, respectively.
With regard to the future market, the impact of the current natural rubber supply side is relatively small, and the market demand in winter is affected by multiple factors. It is necessary to pay close attention to the epidemic situation in Europe and the United States, so as to prevent the impact on the global economy and lead to big fluctuations in the investment market, thus affecting the trend of the spot market.
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