[Natural Rubber]: Rubber Weekly Review (October 12)
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October 12, 2023, 4:39 PM Figure 1: Shandong market price of STR20 MIX Figure 2: Zhejiang market price of ordinary bulk imported from Thailand
dry rubber
Natural rubber market prices rose within a narrow range this week. Abnormal weather in Thailand's production areas disrupted rubber collection, and raw material purchase prices continued to rise, and the cost side supported the natural rubber market. Overseas factories have postponed shipping schedules, and the number of mixed Chinese standard rubber products arriving in Hong Kong is small. The continued removal of Chinese natural rubber stocks has boosted the confidence of the industry. Expectations for short-term natural rubber market purchasing and storage speculation still exist, and there is still room for rubber prices to rise.
natural latex
China's concentrated milk offers rose within a narrow range this week. Production costs continued to rise and import costs were high, supporting traders 'offers to rise slightly. Coupled with the upward movement of futures, bullish sentiment in the market warmed up, the enthusiasm of downstream product companies for inquiries improved, and the focus of market negotiations on real orders shifted. In the short term, natural latex market remained strong.
Market outlook forecast:
1、中国外产区降雨天气或存缓和预期，季节性上量阶段，原料价格支撑预期走弱；
2、预计下周期轮胎样本企业产能利用率存走低预期；
3、中国青岛库存量或存去库趋势，高库存压力有所缓和；
4、汇率、美联储加息等。