[ad_1]
Open the reason why the price of rubber rebounded by 20-25 baht in a month. Until rubber producers win the price of touching 100 baht per kilogram
Isan Shock 100 years, never having
Mr. Thanakorn Chin Klang, Chairman of the Natural Rubber Agricultural Base Group, Non Suwan District, Buriram Province, spoke about the rubber situation in the Northeast region. For alleged rubber producers “What is happening now?” Smoked latex and rubber sheets are in very similar demand on the market. The price rose last week, known as “in 100 years never happened” since normal prices increased by 10-20 satangs at a time.
But today, the central market price in Songkhla is more than 7-10 baht / kg, which is believed to be due to 3 reasons:
1) The storm occurred quite frequently on the Vietnam side. Causing the demise of Vietnam’s rubber production
2) COVID outbreak in various countries, especially neighboring countries. Not causing the entry of rubber extraction workers into Thailand
3) There was a demand for latex to make latex gloves in the last few months. Called the top that sprouts
“Right now the price is not moving much, it is the rubber cup lump (DRC 50%) in the Isan region, 23 baht per kg, I give an example from the last 2 weeks. Smoked rubber sheet cost from 56 baht to 66 baht and in just 3 days it went up to 80 baht / kg, resulting in China and Singapore traders or entrepreneurs holding millions of rubber futures contracts. To compete for products, it’s a trade that has never happened before, ”Thanakorn said.
However, there were news reports that Rubber Traders – Agricultural Institutions – Rubber Groups – Rubber Cooperatives – Community Rubber Companies Now compete to buy rubber. By offering to buy a “higher” general market price of around 00.50-1 baht / kg, for example the price of rubber 82.50 baht, will give 83-83.50 baht / kg, which is a price out of market. For fear of breaching the contract, tires are not delivered to the buyer
“Many rubber trading groups are believed to have futures traded at a price of only 50 baht / kg. At this point, there is no rubber to deliver under the contract. They have to rush to buy rubber. The price is above 80 baht. per kg. Causing many losses to occur “
BAAC look at next year, the price is still 60%
Mr. Satchayojchaikarn, Deputy Director of the Research and Development Center The Bank for Agriculture and Agricultural Cooperatives (BAAC) said that rubber prices in the last quarter of this year were 57-67 baht / kg with a median value of 57.63 baht / kg and if the average in the fourth quarter of 2020, the price of rubber will be 57.05 baht / kg, or an increase of 54% compared to the same period of the previous year when the price of rubber was only 36, 95 baht / kg.
“Price support will come from the storm. Fewer rubber bumps Global market demand for rubber increases as COVID-19 declines The need for latex to make medical gloves. And the government encourages the use of tires to make the main guide according to the plan that requires 350,000 tons of tires per year.
The rubber price trend in 2021 still has a chance to increase. In the first half of 2021, rubber prices will increase by 60% compared to the same period of 2020 due to the demand for rubber in China. But you still have to watch out for rubber prices on the Tokyo agricultural futures market, which is still moving in the direction of 250-300 yen / kg, which is an important indicator.
[ad_2]
