[Natural Rubber]: Rubber Daily Journal (June 7)
0 
June 7, 2024, 4:55 PM Analysis of natural rubber market price on June 7
index
On June 7, the STR20 price index of natural rubber in the Qingdao market was US$1875/ton, up 65 or 3.6% from yesterday.
market analysis
futures market
spot market
Supply:
Foreign countries: Thailand's raw material output is low, and market prices are rising at high levels.
China: Today, raw material market prices in Yunnan and Hainan maintained an upward trend.
On the demand side: The price policies of semi-steel tire companies are mostly stable, the market liquidity is not high, and traders at all levels are not in high spirits to stock up; all steel tire companies flexibly adjust their price policies, and the prices of some low-cost tires have increased slightly, and manufacturers have mostly priced prices based on volume. 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
With the arrival of hot summer, raw material output has increased compared with the previous period, and raw material market prices have remained high, which has strong support for rubber costs; today, China's natural rubber market prices have risen widely, the market trading atmosphere is relatively dull, and downstream companies have low inquiries; 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.