Analysis of natural rubber market price on July 29
index
July 29June, Natural Rubber Qingdao Market STR20 Price Index1685 beautifulYuan/ton, compared withStable on the previous trading day.
market analysis
futures market
spot market
Supply:
Foreign countries: There is more rainfall in northeastern Thailand than in the south, and there is still more rainfall overall, which affects the pace of new rubber release. Restocking by secondary suppliers is not smooth, and there is not much room for downside in raw material purchase prices.
Domestic: Currently, Yunnan production has been fully cut, glue has entered the stage of comprehensive supply, and raw material prices have begun to fall within a narrow range.
Typhoon weather in Hainan's production areas has eased, raw materials are expected to be stored, and the actual purchase price of raw materials has dropped within a narrow range.
Demand side:The overall demand in the domestic market is weak. As the inventory is gradually digested, some agents reserve a certain amount of replenishment. Most of them are just needs. The actual terminal demand has not changed significantly. We will discuss the actual orders delivered through channels.
Futures spot price list
market outlook
Today, the main rubber contract remains weak and consolidating. From the supply side, typhoon disturbance factors have begun to weaken, rainfall and weather have eased, raw material increment expectations have begun to strengthen, raw materials in domestic production areas have begun to weaken, and cost support is insufficient. The off-season for downstream demand is approaching, and the seasonally starting season of all-steel enterprises has weakened. The trend of the domestic downstream off-season has not changed. Coupled with the current high temperature season, the continuous high temperature and rainy weather have disrupted the construction industry's construction demand and transportation demand, dragging down rubber prices or subject to the current trading range. It is expected that the short-term natural rubber market will be limited to the current trading range, and rubber prices may continue to be sideways.
