[Natural Rubber]: Rubber Daily Journal (June 14)
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June 14, 2024, 4:48 PM Analysis of natural rubber market price on June 14
index
On June 14, the STR20 price index of natural rubber in the Qingdao market was US$1770/ton, down 40% or 2.2% from yesterday.
market analysis
futures market
spot market
Supply:
Abroad: The output of raw materials in Vietnam and Thailand is gradually increasing, but the market supply is still tight.
China: China's weather is improving and factories are picking rubber faster.
On the demand side: The semi-steel tire market continues to be weak, the terminal needs insufficient support, and manufacturers have a negative mentality of stocking; orders in the all-steel tire market are not warm, and the overall shipment performance is slow. Companies flexibly adjust price policies. 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 slowly, the market prices of raw materials have remained high, which has strong support for rubber costs; today, the price of natural rubber market in China has declined within a narrow range, company shipments have improved, and the market supply is relatively tight; the operating rate of the downstream tire industry has declined., companies are not enthusiastic about production and have a strong resistance to high-priced rubber raw materials. It is expected that the natural rubber market will operate steadily in the short term.