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

dry rubber

This week, high inventories in the natural rubber market continued to be removed from warehouses, and dark rubber rose strongly. This week, China's main foreign producing areas continued to be disturbed by precipitation. The low output of raw materials accompanied by the recovery of seasonal replenishment demand in the concentrated milk market. The lack of sufficient raw materials upstream to maintain the production rhythm, driving a strong upward trend in raw material prices and boosting the cost side. Rubber prices. At present, the arrival of dark rubber in Hong Kong is low, downstream construction is stabilizing, rubber stocks continue to decline, market operators are bullish, and the price of dark rubber is rising strongly.

natural latex

China's concentrated milk offers rose within a narrow range this week. The release of new rubber in Southeast Asia's producing areas fell short of expectations, raw material price support was strong, and the supply of imported rubber in the sales area was tight. Supported by this, the offers of upstream processing plants stabilized at a high level, traders were more reluctant to sell, and the main price increase was increased. However, the actual start of downstream product companies has not improved significantly. They have maintained a cautious attitude towards high prices, mainly focusing on buying just needed, and relatively suppressed the room for rising spot prices of concentrated milk.

Market outlook forecast:

1、中国外产区原料产出偏少伴随胶水抢夺，原料价格继续上行；

2、预计下周期全钢胎样本企业产能利用率将呈现恢复性提升状态，半钢胎样本企业产能利用率延续高位；

3、中国青岛库存量或存去库趋势，高库存压力有所缓和；

 4. Exchange rate, Federal Reserve interest rate hikes, etc.