Main trend: Since October 31, when the market fell to a new low, natural rubber futures have continued to rebound since November. By August, the main contract 2301 had reached 12,500 points, closing at 12,590 points, up more than 1,000 points.

Commodity market: According to the monitoring of SunSirs, the main spot market of natural rubber (Baodao full milk) in East China on November 8 was 11,850 RMB/ ton, up 1.80% from the previous trading day, and down 9.40% year on year.

Industrial factor: SunSirs monitoring shows that since the price of natural rubber fell to the annual lowest point of 11,170 RMB/ ton on October 31, natural rubber has bounced back with an increase of 6.09% driven by futures market this month, which is mainly due to the driving force of futures market: since November, the main force of Shanghai Rubber (about 2301) has risen by 1,000 points, standing at 12,500 points. In terms of spot goods, the supply side has a strong supply, and the spot price of Thai latex has dropped to a new low at the end of the year. A large number of imported latex have arrived in China's major ports, and the inventory has continued to increase, with ample stock in circulation. From the perspective of demand, the downstream tire enterprises have great pressure on tire supply, and the finished products have been stored in the warehouse. At present, the traditional peak consumption season has not appeared, and the domestic and foreign demand is sluggish, so it is naturally difficult for product enterprises to increase their purchase orders for raw rubber.

According to the production law of natural rubber, the cutting of domestic full latex will be stopped one after another next month. From the first month or two of the lunar year, the amount of rubber will gradually decrease, and the manufacturers will gradually begin to stock up before the year. According to the analysis of industry insiders, natural rubber rebounded at a low level, showing signs of stabilization in technical form, and the upward trend still exists; However, in view of the loose supply of spot rubber on the market and the continuous increase of arrival in Hong Kong, the upward resistance of natural rubber is still relatively large before large-scale stockpiling by downstream manufacturers and the poor improvement of order demand.

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