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September 9, 2024, 4:30 PM
Analysis of natural rubber market price on September 9
index
September 9June, Natural Rubber Qingdao Market STR20 Price Index1875 beautifulYuan/ton, compared withThe previous trading day rose by US$25/ton.
market analysis
futures market
spot market
Supply:
Foreign countries: Recently, strong monsoon weather has penetrated southern and eastern Thailand, and some rubber plantations have been severely affected. There is a shortage of raw materials in southern Thailand. Factories have saved high prices to rush to replenish warehouses. Thai raw material prices have remained firm at high levels.
China: Rainfall in Yunnan's production areas has decreased slightly, and it has gradually entered the glue collection stage. Glue output has improved, and raw material prices have eased slightly.
Hainan's production area was registered due to typhoon weather, and rubber tapping operations were suspended in some areas. The actual rubber price of the processing plant remained high, but the overall rubber collection volume was relatively limited.
Demand side:It is understood that the tire operating rate fluctuates slightly, semi-steel tire companies are highly motivated to schedule production, and the start-up is basically stable. The production capacity of all-steel tire maintenance companies continues to recover, and the shipment performance at the beginning of the month is acceptable, and inventory fluctuates slightly. In terms of the market, in the traditional peak demand season, agents are more motivated to replenish goods at the beginning of the month than before. Terminal stores are mainly in need of replenishment, and the downward transmission of channels remains to be seen.
Futures spot price list
market outlook
Today, the main rubber contract maintained an upward trend. Due to the typhoon landing in China's production areas, raw material output was blocked and cost support began to rise. However, the typhoon weather was a short-term impact. After the typhoon weather ended, upstream supplies gradually returned to normal. However, in Southeast Asia, especially Thailand, rainfall and weather still had disturbances. In the short term, raw material output fell short of expectations, and there was still support on the cost side. On the demand side, in the traditional peak demand season, agents are more motivated to replenish goods at the beginning of the month than before. Terminal stores are mainly in need of replenishment. In the short term, fundamentals will improve to support prices, which will relatively ease the rubber correction trend.
