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[Natural Rubber]: Rubber Weekly Review (August 24)

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August 24, 2023, 4:49 PM

Fig ure 1: ST R 20 M IX Market Price in S hand ong                                      Fig ure 2: Z he jiang market Thailand import ed ordinary bul k prices     

dry adh esi ve

This week rub ber prices nar row ly higher , China ' s out door production area sta ged rain fall affect new rub ber output , August import volume or stock reduc tion expected , China Tian jia o dark rub ber invent ory continued to go to the ware house , supply side pressure slight ly reduced , down stream tire smo oth production schedule , norma lized goods , short - term super imp osition market " se cond round of storage " hy pe market sentiment impr oved , a small up ward trend is obvious .

Natural late x

This week , natural late x prices appear a significant up ward trend , the recent Thai g lue prices have been continu ously increased , and the spot supply in the sales area is relativ ely tight , to a certain extent , support ing the US dollar quot ation price increase , higher costs to spot stim ulation is strong , trad ers r elu ct ant to sell emoti ons strong , price increase quot ation main ly , super imp os ed some products enter prises stock mood improv ement , short - term demand has rec over ed , natural late x market trading atmos phere impr oved , and then drive the spot price up .

Future market fore cast :

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 , the Federal Reserve rate h ike , etc .