[Natural Rubber]: Rubber Weekly Review (July 13)

Figure 1: Shandong market price of STR20 MIX                                      Figure 2: Zhejiang market price of ordinary bulk imported from Thailand  

dry rubber

Rubber remained in a volatile state this week, with small overall fluctuations. At the end of last week, under multiple stimuli such as "purchasing and purchasing","El Niño" and "recovery of macro market sentiment", the rubber market showed a significant rise. However, after entering this week, there was no substantive news. The popularity of the "purchasing and purchasing" incident declined once, and the rubber market fell back within a narrow range. However, the overall change this week was small. Downstream tire starts improved slightly, but actual market shipments have not yet fully recovered, and the purchasing sentiment of processing plants is general. There was no obvious directional guidance on the entire supply and demand side in the short term, and most of the situation maintained a consolidation trend.

natural latex

The overall price of natural latex remained relatively stable this week. At present, the concentrated milk market is still dominated by the demand side, but the actual downstream start-up has not shown a significant improvement. The enthusiasm of the market for goods inquiries remains weak, and the trend of supply in the production areas is slowly showing that spot prices are unlikely to improve in the short term, so beware of a narrow decline.

Market outlook forecast:

1、中国外producing areas降雨天气缓和，原料上量预期升温；

2、预计下周期中国轮胎开工率继续稳定运行；

3、中国青岛库存量维持累库趋势，高库存压力短期内难以缓和；

4、美元汇率高位，美联储加息。