[Natural Rubber]: Rubber Weekly Review (July 6)

Figure 1: Shandong market price of STR20 MIX                                      Figure 2: Zhejiang market price of ordinary bulk imported from Thailand

dry rubber

Rubber remained in a volatile state this week and rose at the end of the week. Recently, rainfall still exists in some areas of China's major production areas, but rainfall has eased in most areas, glue has begun to be in an upward stage, and supply pressure has begun to become prominent; from the perspective of demand, Semi-steel tire orders are relatively sufficient, supporting its start to remain high. However, the start of China's infrastructure is still weak, dragging demand for all-steel tires to weaken, and most downstream factories purchase on demand; Social inventories continued to be de-stocked, which provided support to rubber prices to a certain extent. At the end of the week, stimulated by the news of purchasing and purchasing and the El Niño phenomenon, the market rose significantly, and finally ended with a strong rise.

natural latex

Natural latex prices are basically in a weak consolidation trend this week. There has been no significant improvement in the overall supply and demand of concentrated milk. So far, the actual downstream start-up has not shown a significant improvement. The actual transaction is still in a weak state. At the end of the week, the rubber market pulled up., to a certain extent, driving the price of concentrated milk to rise in a narrow range, but the actual transaction was weak and there are still bearish expectations in the market.

Market outlook forecast:

1、中国外producing areas降雨天气缓和，原料上量预期升温；

2、预计下周期中国轮胎开工率稳中偏弱运行；

3、中国青岛库存量出现去库，下游实际接货情况或存好转预期；

 4. The US dollar exchange rate is high, and the Federal Reserve raises interest rates.