Figure 1: Shandong market price of STR20 MIX Figure 2: Zhejiang market price of ordinary bulk imported from Thailand
dry rubber
Rubber prices have warmed up this week. Recently, the main rubber contract has risen in a narrow range, ending the previous volatile trend. Upstream supply pressure still exists, and raw material increment expectations have begun to strengthen. However, the recent increase in weather in the production area has affected glue output to a certain extent. There is upward support for raw material prices in the short term. Downstream start-ups have basically remained relatively stable. However, the overall shipment performance is average, and the performance of new orders within the month is differentiated. However, in order to meet customer demand, short-term start-ups will still be maintained. The support for natural rubber's continued recovery is slightly weak, and may continue to be maintained in the short term. Volatility trend.
natural latex
This week, domestic thick milk offers have a higher trend. On the one hand, the general environment futures market has a strong atmosphere of turbulence and rising. On the other hand, the supply and demand side have begun to show bullish support. The prices of raw materials in domestic and overseas production areas have a strong trend. At the same time, there is no pressure on spot supply in the sales area, which has formed a strong support for prices. Traders have tried to increase their prices and offered prices. As global supply increases, the market wait-and-see atmosphere is gradually rising. Downstream product companies are slightly less able to accept high prices, and buying orders remain in demand. The transaction continues to be a single negotiation.
Market outlook forecast:
1. The seasonal growth in raw material output in foreign production areas is expected to be obvious, but rainfall disturbances increase, which should continue to pay attention;
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.。
