[Natural Rubber]: Rubber Daily Journal (June 11)
1 
June 11, 2024, 4:38 PM Analysis of natural rubber market price on June 11
index
On June 11, the STR20 price index of natural rubber in the Qingdao market was US$1825/ton, down 50 or 2.7% from the previous working day.
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, raw material market prices in Yunnan and Hainan maintained a high upward trend.
Demand: The operating rate of semi-steel tire enterprises remained above 80%, rising slightly month-on-month, up by two percentage points year-on-year; the operating rate of all-steel tire enterprises was above 60%, down three percentage points month-on-month and down five percentage points year-on-year. In terms of the market, the starting load of the tire industry is greatly differentiated, the overall production and sales of the company are low, and the operating conditions are weak.
Futures spot price list
market outlook
With the arrival of the 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 fallen within a narrow range, real orders have been negotiated, and the spot supply of dry rubber is tight; There are many overhauls in the downstream tire industry during holidays. Some companies have not yet resumed work and production, and terminal needs are poor. The natural rubber market is expected to consolidate in the short term.