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October 14, 2024, 4:25 PM
Analysis of natural rubber market price on October 14
index
October 14June, Natural Rubber Qingdao Market STR20 Price Index2060 BeautyYuan/ton, compared withThe previous trading day rose by US$20/ton.
market analysis
futures market
spot market
Supply:
Abroad: There is still heavy rainfall in some parts of Thailand, which affects rubber cutting work and factory production and transportation. The cutting situation in the south is less than expected, and the purchase price of raw materials remains high for the time being.
China: Rubber collection work has been gradually carried out in various areas in the southern part of Yunnan's production area, and glue output has gradually entered the stage of increasing volume. The current price of raw glue is firm.
Rainfall weather in Hainan's production areas has increased, disrupting rubber tapping work in some areas and reducing the island's raw material output. It is said that the island's daily rubber harvest today remains at around 5000 tons.
Demand side:It is understood that the production capacity of some all-steel tire enterprises is still in the recovery period, and most of them have basically returned to normal conditions. Under the news of price increases, the overall shipment performance is acceptable, some specifications are out of stock, and the production operation of semi-steel tire enterprises is stable. Currently, some enterprises Increase the production schedule of snow tires and special models to stabilize production tasks and meet order demand. In terms of the market, under the news of price increases, some agents have sufficient funds and stock up in advance, and the overall inventory is sufficient. In order to maintain channel stability, the actual transaction quotation is stable, and terminal demand has not improved significantly. Under the expectation of price increases, as the stock up phenomenon increases, inventory has shifted further downward.
Futures spot price list
market outlook
Recently, the main rubber contract has remained in a slightly volatile trend. At the end of last week, rubber reversed its decline and rebounded slightly. In the upstream producing areas, the overall supply weather has temporarily improved in the short term, and the quantity has begun to gradually increase slightly. In terms of downstream demand, some companies have implemented price policies, agents have prepared goods in advance, and the overall inventory is sufficient. In order to stimulate downstream collection of goods, the price increase policy has not yet been implemented. The actual willingness of the downstream to replenish goods is average, but the news of price increase still exists, and actual sales still exist. Variable. As of now, the trading atmosphere in the natural rubber spot market in China is general, with actual order negotiations being the main focus, and the downstream is cautious and wait-and-see. It is expected that the natural rubber market may remain weak in the near future.
