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October 22, 2024, 4:32 PM
Analysis of natural rubber market price on October 22
index
October 22June, Natural Rubber Qingdao Market STR20 Price Index2100 USYuan/ton, compared withThe previous trading day rose by US$10/ton.
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 fair, and raw materials are produced in large quantities seasonally. Due to factors such as cost and profits, some processing plants purchase raw materials at high prices.
Demand side:It is understood that the company's equipment is running smoothly, and some maintenance companies are gradually recovering from the start of construction. In addition, the maintenance plans of some companies have been suspended. The overall output of tires is expected to increase. Driven by the news of price increases, the company's overall inventory has shifted downward, and some companies have stocks and shortages. phenomenon. In terms of the market, the inventory of channel agents is operating at a high level, and news of price increases has driven moderate replenishment of downstream goods. Some channel agents have implemented price increases, and shipments have slowed down. The prices of most products in the channel are stable, and terminal demand continues to be dominated by demand.
Futures spot price list
market outlook
Today, the main rubber contract showed a significant upward trend. In the upstream production 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 and is expected to fall. As the weather conditions improve in the later period, the expectation of a decline in raw material support may heat up, but we must also always pay attention to the rainfall situation. In terms of downstream demand, the overall output of tires is expected to increase. Driven by the news of price increases, the overall inventory of enterprises has shifted downward, and some enterprises have shortages. In the future, the supply side will gradually increase, and there may be limited room for price adjustment. It is expected that the Tianjiao market will operate within a narrow range of shocks in the future.
