Figure 1: Shandong market price of STR20 MIX Figure 2: Zhejiang market price of ordinary bulk imported from Thailand
dry rubber
Rubber prices have basically remained weak and consolidating this week. Although there have been recent weather disturbances such as typhoons in the production area, the overall situation is still in a seasonal increase, and the cost side is only short-term support. The off-season for downstream demand is approaching, and the seasonally starting season of all-steel companies has weakened, dragging rubber prices or being limited by the current trading range. It is expected that the short-term natural rubber market will be limited by the current trading range, and rubber prices may continue to be consolidated sideways.
natural latex
Domestic concentrated milk offers have basically fluctuated within a narrow range this week, and traders have average enthusiasm for offering. This week, with the end of typhoon weather in the Hainan production area, precipitation disturbances have weakened and raw material output has increased. The purchase price of glue has begun to fall slightly. In addition, downstream demand has insufficient follow-up, market buying has been sluggish, dragging the market to a weak position. However, overseas Southeast Asian raw material output is still not optimistic. The US dollar prices of Thai processing plants have been steadily rising, and traders have limited willingness to lower prices when there is no pressure on spot supply in the sales area. Negotiations on actual orders are maintained.
Market outlook forecast:
1. The seasonal growth in raw material output in foreign production areas is expected to be obvious, and the cost support is weakening;
2. It is expected that the operating rate of tire sample companies in the next week will fluctuate slightly;
3. The trend of inventory removal in Qingdao, China remains unchanged, but the speed of removal may slow down;
4. Exchange rate, Federal Reserve rate hike, etc.。
