Figure 1: Shandong market price of STR20 MIX
Figure 2: Zhejiang market price of ordinary bulk imported from Thailand
dry rubber
This week, rubber prices have been in a narrow range. The national index was released this week. The macro sentiment is improving. The news of Tianjiao dumping has slightly interfered with market sentiment. The purchase and storage rules have not yet been fully implemented. In addition, rubber prices are currently at a relatively low level and there is still support at the bottom. The seasonal increase in fundamental supply is clear. China's downstream tires have started to stabilize. The demand side has little boost rubber prices. However, judging from the current supply and demand situation, it will still boost rubber prices in the short term.
natural latex
Natural latex prices have risen within a narrow range this week, and there is limited room for overall rise. Recently, Vietnam and other production areas have been affected by weather impressions such as rainfall, and the overall output has fallen short of expectations. Coupled with relatively little replenishment by traders in the early stage, the port's spot stock is basically at a relatively low level. State, while the raw material inventories of some downstream companies have been consumed one after another, and the short-term bargain hunting replenishment sentiment has improved, stimulating spot prices to rise within a narrow range. However, actual demand is still in a weak state, and the increase is relatively limited.
Market outlook forecast:
1、中国外产区降雨天气缓和，原料上量预期升温；
2、预计下周期中国轮胎开工率窄幅波动为主；
3、中国青岛库存量维持累库趋势，高库存压力短期内难以缓和；
4、宏观数据公布、收储消息、美联储加息等。
