[Natural Rubber]: Rubber Weekly Review (June 15)

Figure 1: STR20 MIX Market Price in Shandong                                      图2：浙江市场Thailand进口普通散装价格

dry adhesive

This week rubber narrow range higher, its disk pull up is on the one hand downstream tire start high, some factory orders are better, demand optimistic expectations stronger, superimposed macroscopic PBOC lowered 7 - day reverse repo operation interest rate macroscopic atmosphere improvement, driving market optimistic sentiment, rubber period disk rising sentiment warming. Early rubber absolute prices are low, in the macroscopic, demand positive news stimulating low rubber prices rebound momentum is still possible.

Natural latex

Natural latex prices this week basically maintained a firm state, slightly up, but the increase is small, from the whole supply and demand side of milk did not appear to be significantly improved, narrow range is mostly followed by the rubber disk narrow adjustment, but the actual transaction did not appear significantly improved, some holders said that the current shipment is still maintaining a weak state.

Future market forecast:

1、中国外Production area均面临降雨影响，短期内不利于割胶工作开展，但有利于后期上量；

2、预计下周期全钢胎开工率仍存走低预期，进入中下旬，市场逐步进入库存消化期，企业出货压力将逐步加大，为控制库存增速，不排除个别企业存降负检修可能；半钢胎进入外贸雪地胎排产期，预计短期维持高开工状态；

3、中国天然橡胶库存延续下降趋势，青库存量继续累库状态；

4、美元汇率高位；收/轮储炒作再次蔓延。