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September 10, 2024, 4:12 PM
index
September 10June, Natural Rubber Qingdao Market STR20 Price Index1870 beautifulYuan/ton, compared withThe previous trading day fell by US$5/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: Typhoon "Capricorn" arrived in Yunnan producing areas, which had a great impact on Mengla County. Heavy rains continued, and some processing plants have entered a state of shutdown, production, wind and flood resistance, and the price of rubber collection is not yet available.
Due to the impact of typhoon weather in Hainan's production area, rubber tapping operations across the island have resumed one after another. The actual rubber price of the processing plant has remained high, but the overall rubber collection volume is relatively limited.
Demand side:At present, most companies are performing steadily at start-up, and some all-steel tire companies have reduced production to control inventory growth. In addition, recent all-steel tire shipments have performed generally. The finished product inventory of some companies continues to increase, and sales pressure remains unabated. In terms of the market, the operations of manufacturing, transportation, engineering, infrastructure, etc. are weak, the demand for all-steel tire replacement is weak, and the supporting market of the main engine factory is also weak. Market transactions are average and goods are scarce through channels.
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.
