[Natural Rubber]: Rubber Daily Journal (June 4)
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June 4, 2024, 4:40 PM Analysis of natural rubber market price on June 4
index
On June 4, the STR20 price index of natural rubber in the Qingdao market was US$1755/ton, down 15 or 0.8% from yesterday.
market analysis
futures market
spot market
Supply:
Foreign countries: Thailand's raw material output is low, and market prices are high and volatile.
China: Today, the prices of raw materials in Yunnan and Hainan markets are stable at high levels.
On the demand side: Semi-steel tire enterprises have started and operated stably, shortages of some models of tires still exist, and the overall shipment performance is acceptable; all-steel tire enterprises have more production control, and the overall operating rate has declined. In terms of the market, prices on the cost side are high, and market demand is weak. The overall shipment performance of the tire industry is average. Some companies are actively adjusting price policies to promote shipments.
Futures spot price list
market outlook
The weather in raw material production areas at home and abroad has changed greatly, and it has been difficult to increase raw material output. The raw material market prices have remained high, which has strong support for rubber costs. Today, China's natural rubber market prices are operating at high levels and fluctuating levels, enterprises are operating under pressure, and the market trading atmosphere is relatively low. The downstream tire industry is not enthusiastic about stocking up, and traders are more bearish. It is expected that the natural rubber market will consolidate in the short term.