index
June 24June, Natural Rubber Qingdao Market STR20 Price Index1740 USYuan/ton, compared withStable on the previous trading day.
market analysis
futures market
spot market
Supply:
Foreign countries: Thailand has abundant rainfall, and rubber cutting is normal in the northeast. Recently, glue has gradually been produced in the south. However, large factories are rushing to replenish raw materials and deliver early orders. The overall situation is still in short supply. The relative support that raw material prices remain high, but Thailand's production areas are expected to increase. The volume is expected to be relatively obvious, and there is an expectation of dragging prices in the short term.
Domestic: Recent rains and weather in Yunnan production areas have been relatively frequent, which will affect the normal development of rubber tapping in the short term. When the spot market has dropped significantly, the weather conditions have certain support for raw material prices.
The current weather conditions in Hainan's production area are still acceptable, and the overall raw materials are in a relatively high quantity stage, and the support for raw materials is relatively weak. At present, the prices of raw materials entering concentrated dairy mills and those entering full dairy mills are almost equal, and some factories have a trend of switching production.
Demand side:Most semi-steel tyre enterprises have started to operate at a high level, and foreign trade still continues to ship goods in containers. The overall inventory of the enterprises has slowly increased. In addition, some enterprises have already scheduled a small number of orders for snow tyres. There is still a shortage of regular specifications for domestic sales, and some enterprises are out of stock. The phenomenon has increased slightly compared with the previous period. In terms of the market, there is no direct positive boost in the terminal market. As the weather gets hotter, the market warms up generally, terminal demand is scarce, and goods are mainly needed.
Futures spot price list
market outlook
Recently, the overall market for natural rubber has basically maintained a downward trend. Support for upstream and downstream growth is in a weak state. Rubber tapping operations at home and abroad in global production areas have been carried out one after another. The total supply increase is expected to be obvious. As far as the current raw material prices are concerned, they remain at a high level. Under the trend of output release, the expected decline in raw material prices remains strong. State; From the demand side, some semi-steel tire companies are scheduling orders for foreign trade snow tires, while the scheduling of domestic products is limited, and shortages still exist. All-steel tire shipments performed poorly, especially domestic shipments, and overall inventories remained high. In the short term, the negative factors for rubber will continue to heat up, and rubber prices may remain weak.
