index
August 12June, Natural Rubber Qingdao Market STR20 Price Index1765 beautifulYuan/ton, compared withStable on the previous trading day.
market analysis
futures market
spot market
Supply:
Foreign countries: There is more rainfall in northeastern Thailand than in the south, and there is still more rainfall overall, which affects the pace of new rubber release. Restocking by secondary suppliers is not smooth, and there is not much room for downside in raw material purchase prices.
Domestic: Currently, Yunnan has been fully felled, but there is frequent rainfall and falling leaves occur in some areas.
Typhoon weather in Hainan's production areas has eased, raw materials are expected to be stored, and the actual purchase price of raw materials has dropped within a narrow range.
Demand side:The operating rates of some all-steel tire maintenance companies are gradually recovering. Some companies have performed reasonably well in recent shipments. Some semi-steel tire companies have been affected by factors such as the decrease in overseas orders, and the shortage situation has improved. In terms of the market, the channel currently has sufficient inventory and promotion policies among market brands are interspersed, but the actual drive to the market is limited, and the channel basically maintains on-demand procurement.
Futures spot price list
market outlook
Recently, the bullish sentiment in the rubber market has improved. Today, it basically remained at a relatively high level and fluctuated at the opening of today, relatively continuing the strong state of last week. Up to now, rainfall and fallen leaves in the upstream production areas still hinder the output of raw materials. The purchase price of raw materials has remained relatively firm, and cost-side support has remained strong. Downstream start-ups have basically remained relatively stable, and some maintenance companies have resumed construction one after another. However, the overall shipment performance is average, and the performance of new orders within the month is differentiated. However, in order to meet customer needs, short-term start-ups will remain. Inventories in domestic bonded zones continue to be slowly depleted, and prices still form a certain support. In the short term, they may continue to maintain a strong and volatile trend.
