Figure 1: Shandong market price of STR20 MIX
Figure 2: Zhejiang market price of ordinary bulk imported from Thailand
dry rubber
Rubber prices have fluctuated within a narrow range this week. Recently, there have been frequent disturbances in phenological conditions such as weather in China's major production areas. The output of raw materials has been limited. Pressure on the supply side has not yet been highlighted. In the short term, raw materials still provide support for the price side. Although the construction of downstream product companies has maintained a high level at present, they still continue to focus on just needed purchases after actual purchases. No obvious demand highlights have yet appeared. The contradiction between supply and demand has not yet intensified. In the short term, the market is mainly in a narrow range of fluctuations.
natural latex
This week, the price of natural latex has risen within a narrow range. Traders 'enthusiasm for making offers is fair. There is a shortage of imported concentrated milk that can be circulated in the sales area. Hainan concentrated milk is the majority. There is a strong atmosphere among holders who are reluctant to sell at low prices, and mainly offer and ship at higher prices. However, downstream product companies are cautious about receiving high-priced sources, and they maintain just buying orders. The actual transaction still needs to wait and see.
Market outlook forecast:
1、中国外产区降雨天气缓和，原料上量预期升温；
2、预计下周期中国轮胎开工率延续高位运行状态；
3、中国青岛库存量或存去库趋势，高库存压力有所缓和；
4. Exchange rate, Federal Reserve interest rate hikes, etc.
