Analysis of natural rubber market price on October 8
index
October 8June, Natural Rubber Qingdao Market STR20 Price Index2130 USYuan/ton, compared withThe previous trading day fell by US$50/ton.
market analysis
futures market
spot market
Supply:
Foreign countries: There is still heavy rainfall in some areas of Thailand, which affects rubber cutting work and factory production and transportation, and the purchase price of raw materials remains high.
China: Rubber collection work has been gradually carried out in various areas in the south of Yunnan's production area, and glue has entered the stage of increasing quantity. Affected by market prices, raw glue prices continue to rise.
Rainfall and weather in Hainan's production areas have improved. In order to ensure their own production, some processing plants are actively rushing to buy raw materials, which in turn drives the purchase price of raw materials to continue to rise, and the actual rubber price received by the processing plants remains high.
Demand side:It is understood that during the National Day period, the number of all-steel tire maintenance companies and the number of maintenance days increased significantly compared with last year. Semi-steel tire companies maintained fewer repairs. The operating rate of withdrawing tires declined, and the overall shipment performance at the end of the month was relatively good. In terms of the market, the channel delivery is average, the terminal demand performance is still flat, and the overall inventory of agents is sufficient.
Futures spot price list
market outlook
At the close of today, the main rubber contract fell slightly. The rainfall on the rubber supply side improved, and the overall output situation improved slightly. However, rainy weather still exists in some areas, supporting the price of raw materials to remain relatively high; on the demand side, maintenance companies during the National Day holiday. Recovery, to a certain extent, supports the improvement in operating rates. Gold September and Silver Ten are still alive, and terminal demand is expected to show a wave of improvement in October; At present, the macro atmosphere continues to warm and push rubber to maintain a relatively high level. The liquidity in the spot market is still tight. Inventories continue to be depleted of rubber, and rubber will remain at a high level in the short term.
