Analysis of natural rubber market price on August 14
index
August 14June, Natural Rubber Qingdao Market STR20 Price Index1760 USYuan/ton, compared withThe previous trading day fell by US$10/ton.
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, but there are frequent rains and weather, falling leaves have occurred in some areas, and raw material prices have shown a narrow upward trend.
The weather in Hainan's production areas has eased, the amount of raw materials stored is expected, and the actual purchase price of raw materials has not changed significantly yet.
Demand side:Some enterprises in Shandong are affected by factors such as the maintenance of equipment and thermal power plants. Some enterprises still have short-term maintenance, and the overall equipment of all-steel tire enterprises is still in weak operation. In terms of the market, the prices of most brand products are currently stable, and agents are cautious in preparing goods. The main reason is that the market is slow to deliver goods, terminal demand is insufficient, and the willingness to get goods through channels is not strong. The main focus is to purchase on demand and digest inventory.
Futures spot price list
market outlook
Today, the main rubber contract fell under pressure to 15800 yuan/ton. Up to now, the rainfall in northeastern Thailand in the upstream producing area is significantly higher than that in the south, and the overall precipitation is abundant. This meteorological condition has a significant impact on the output rhythm of new rubber, resulting in a slowdown in the market supply rhythm. Yunnan's production areas have fully entered the rubber tapping season. However, frequent rainfall has caused certain interference to production, and even fallen leaves have occurred in some areas, exacerbating supply constraints. There is support for upstream prices, the trend of increasing volume during the peak period still exists, and there are also expectations for rubber discs. Downstream start-ups have basically remained relatively stable, and some maintenance companies have resumed construction one after another. However, the overall shipment performance is average, and the performance of new orders within the month is differentiated. However, in order to meet customer needs, short-term start-ups will remain, and may continue to remain strong in the short term. Volatility trend.
