[Natural Rubber]: Rubber Daily Journal (June 13)
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June 13, 2024, 4:46 PM Analysis of natural rubber market price on June 13
index
On June 13, the STR20 price index of natural rubber in the Qingdao market was US$1810/ton, down 30 or 1.6% 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: Yunnan raw material market prices increased slightly, while Hainan raw material market prices fluctuated.
On the demand side: Semi-steel tire enterprises have basically maintained a high level of start-ups, with some enterprises reaching 90%, and production and sales are still acceptable; the start-up load of all-steel tire enterprises has remained stable, shipments are flat, and inventory reserves are relatively sufficient. In terms of the market, the shipment performance of tire companies fell short of expectations after the holiday season, the terminal demand performance was weak, the liquidity of market supplies was poor, and the inventory pressure on companies remained unchanged.
Futures spot price list
market outlook
While the output of raw materials at home and abroad has increased slightly and slowly, the market prices of raw materials have remained high, which has strong support for rubber costs; today, the prices of China's natural rubber market are operating at a high level and fluctuating levels, and company shipments have improved, and the market supply is relatively tight; the downstream tire industry has poor shipments, and there is a strong resistance to high-priced rubber raw materials. It is expected that the natural rubber market will operate steadily in the short term.