Analysis of natural rubber market price on August 27
index
August 27June, Natural Rubber Qingdao Market STR20 Price Index1830 beautifulYuan/ton, compared withStable on the previous trading day.
market analysis
futures market
spot market
Supply:
Abroad: The precipitation in southern Thailand is still in a high trend, disrupting rubber tapping work in some areas. The overall supply shows a small month-on-month increase. Coupled with the demand for replenishment in upstream factories in Thailand, further supporting the rise in raw material purchase prices.
China: The former Yunnan production area has been affected by continuous rainfall, which has seriously affected the current glue collection process. Glue prices have risen strongly, and the amount of glue collected has been very small. Hearing that secondary leaf leaves have occurred again, it is expected that the amount of glue will be postponed again.
The weather in Hainan's production area has eased, raw material stocks are expected to increase, and raw material production has gradually returned to normal seasonal volume. However, high-priced transactions in the spot market have not been good, and the factory's production profit margin has been limited. The enthusiasm of processing plants to purchase raw materials has declined, and the purchase price of raw materials has dropped slightly.
Demand side:The start-up of all steel tire maintenance enterprises has basically returned to normal levels, and some maintenance enterprises have gradually resumed production. The overall shipment performance at the end of the month is average, the enterprises have sufficient inventories, and the policies are temporarily stable. In terms of the market, terminal demand is insufficient, delivery of goods through channels is slow, agents have sufficient supply, and they are not in high spirits to continue to collect goods. They are bearish on the future market, and are conservative in purchasing goods and purchasing on demand.
Futures spot price list
market outlook
Recently, the main rubber contract has maintained a volatile upward trend. Today, the high-end price of the main contract has even reached 16500 yuan/ton. Judging from the current supply and demand situation, the overall opening situation of China's main natural rubber producing areas has fallen short of expectations due to weather and other reasons. To a certain extent, support the current raw material prices to remain high. However, terminal demand is insufficient, the delivery of goods through channels is slow, the supply of goods is sufficient, and the mood to continue to buy goods is low. They are bearish on the future market, and are conservative in purchasing goods and purchasing on demand. Downstream demand is limited, which provides insufficient support for the continued rise of rubber. Overall, rubber has continued to operate in shock recently, and there is certain pressure for upward fluctuations.
