92,517
November 23, 2023, 4:21 PM
Figure 1: Shandong market price of STR20 MIX
图2：浙江市场泰国进口普通散装价格
dry rubber
This week, the price of natural rubber market fluctuated. The overall supply of natural rubber in the main producing areas of Southeast Asia is seasonal. The peak season of cutting is conducive to the release of raw materials. However, the recent impact of rainfall in the producing areas is still affected, and raw material prices have remained high. China's Yunnan producing areas have gradually entered a cut-off period, and the purchase price of raw materials The performance is firm, and there is still support at the bottom of rubber prices. Coupled with the trend of Qingdao's inventory continuing to be removed from the warehouse, there is still room for rubber prices to rise. The demand side has gradually entered the off-season at the end of the year, the demand for terminal replacement has weakened, the inventory of finished products has accumulated, and there are still weak expectations for enterprises to start construction. The enthusiasm for replenishing raw materials has been suppressed, upward pressure on prices has increased, and macro uncertainties have been added to disturb short-term natural rubber or Maintain wide fluctuations.
natural latex
China's concentrated milk offer remained relatively strong this week. At present, abnormal weather disturbances in major production areas in Southeast Asia still suppress the release of new rubber. Overseas concentrated milk processing factories have performed strongly in US dollars, with relatively solid cost support. There are not many cash available in the sales area, and traders have few goods and are reluctant to sell. However, recently, the futures market has fluctuated downward, and the market's cautious wait-and-see attitude has intensified. Orders for finished products from downstream product companies are not strong, and the enthusiasm to cover positions is poor. The trading atmosphere on the floor is cold, which may cause a certain drag on traders 'offers. Therefore, it is expected that the natural latex spot market offer range will fluctuate in the short term.
Market outlook forecast:
1、中国外产区降雨天气或存缓和预期，季节性上量阶段，原料价格支撑预期走弱；
2、预计下周期轮胎样本企业产能利用率仍将存一定差异；
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.
