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September 23, 2024, 4:29 PM
Analysis of natural rubber market price on September 23
index
September 23June, Natural Rubber Qingdao Market STR20 Price Index1980 beautifulYuan/ton, compared withThe previous trading day fell by US$40/ton.
market analysis
futures market
spot market
Supply:
Foreign countries: Recently, strong monsoon weather runs through southern and eastern Thailand, and some areas are at risk of floods. Rainfall weather affects raw material output, which in turn supports Thailand's raw material prices to remain firm at high levels.
China: Rubber collection work is carried out normally in Yunnan production areas, and glue output continues to be low. It is expected that the full supply time will be delayed. The current raw glue price is firm.
Frequent rainfall and weather in Hainan producing areas have affected rubber tapping operations. The actual rubber price of the processing plant remains high, but the overall rubber collection volume is relatively limited.
Demand side:It is understood that some all-steel tire companies have average overall shipment performance and slow inventory digestion. In terms of the market, after the Mid-Autumn Festival, market transactions gradually recovered. However, terminal demand was insufficient and the sentiment for purchasing goods was not high. There were a small number of bullish voices on tire prices in the market, but most of them said that demand was weak and looked stable.
Futures spot price list
market outlook
Today, the main rubber contract has a slight downward trend, but it still remains at a high level. Judging from the current fundamental situation, China's foreign production areas continue to recover, but rainfall and weather in some areas still have an impact. The overall volume increase rate is less than expected, and raw material prices are there. Support; On the downstream side, downstream construction is currently stabilizing, and China's automobile industry may gradually move out of the mid-year and off-season; as of now, social inventories are maintaining a continuous trend of destocking, but the speed of destocking still needs to be increased; News of interest rate cuts and purchases and purchases in other areas has been frequently disturbed, and the main rubber contract has continued to upward momentum and has begun to weaken. It is expected that there may be a slight correction in rubber prices in the short term.
