[Natural Rubber]: Rubber Daily Journal (June 6)
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June 6, 2024, 4:57 PM Analysis of natural rubber market price on June 6
index
On June 6, the STR20 price index of natural rubber in the Qingdao market was US$1810/ton, up 50 or 2.8% 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, Yunnan's raw material market prices are stable, while Hainan's raw material market prices have stopped falling and moved upwards.
On the demand side: Semi-steel tire companies mostly deliver pre-order shipments. Recently, shipping prices have increased, and orders from some factories have been reduced; most of the all-steel tire companies have started operations and maintained stable, and some of them have suspended maintenance in advance before the festival. In terms of the market, demand in China's replacement market is flat, and overseas supply and demand support is also weak. Overall shipments of tire companies are not smooth, and the phenomenon of reducing production burden on companies has increased.
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 running high, futures are fluctuating and declining, and the market negative atmosphere has begun to spread; The downstream tire industry is still in the seasonal off-season and has strong resistance to high-priced rubber raw materials. The natural rubber market is expected to consolidate in the short term.