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October 17, 2024, 4:06 PM
Analysis of natural rubber market price on October 17
index
October 17June, Natural Rubber Qingdao Market STR20 Price Index2040 BeautyYuan/ton, compared withStable on the previous trading day.
market analysis
futures market
spot market
Supply:
Abroad: The overall weather in Thailand has improved. Only some areas in the south have poor rubber tapping work, and the amount of raw materials in the central region has been significantly increased. As demand for concentrated milk and tobacco tablets fell, glue fell significantly.
China: The weather conditions in the southern areas of Yunnan's production area are good, the rubber tapping work in the production area is proceeding normally, and the glue output is gradually increasing.
The weather conditions in Hainan's production areas are still good, and the seasonal production of raw materials is high. Due to factors such as cost and profit, some processing factories are reluctant to purchase raw materials at high prices, which has dragged down raw material prices to a certain extent.
Demand side:It is understood that the start-up performance of all-steel tire enterprises has been stable. Under the news of price increases, the overall shipment performance is still acceptable. Some enterprises are in short supply with economic products, the supply ratio of enterprises has decreased, and some enterprises have been out of stock. Recently, some first-line enterprises have issued a second adjustment. Increase announcement, with a range of 2-3%. In terms of the market, the enthusiasm of some agents to take goods increased before the price increase, and the market activity improved. However, the overall demand for terminals was insufficient, coupled with the tight supply of economic products of enterprises, which reduced the actual volume of goods taken in the market.
Futures spot price list
market outlook
Recently, the main rubber contract has fallen within a narrow range. In the upstream producing areas, the overall supply weather has temporarily improved in the short term, and there has been a slight trend of gradual increase in volume. The cost side supports expectations of a decline. In terms of downstream demand, with the arrival of blizzard weather in the Mohe area, driving demand for downstream snow tire replacement, demand may improve in the fourth quarter. 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.
