Analysis of natural rubber market price on July 16

index

July 16June, Natural Rubber Qingdao Market STR20 Price Index1675 beautifulYuan/ton, compared withThe previous trading day rose by US$20/ton.

market analysis

futures market

spot market

Supply:

Foreign countries: Thailand's production areas still have the impact of rainfall, the opening area of the production areas has narrowed, and raw material prices have fluctuated within a narrow range.

Domestic: There has been light rain in Yunnan's production areas recently. Due to the influence of market prices and seasonal increases, glue prices have fallen back and stabilized. Dry glue in some processing plants is still in the upside down stage. Replacement indicators have entered in Yunnan's production areas since the end of June, and supply pressure has gradually eased.

Rainfall in Hainan's production area has increased since the weekend, glue output has decreased, and domestic and state-owned glue collection guidance prices have remained stable, but actual glue collection prices have increased within a narrow range.

Demand side:The overall performance of terminal demand is weak, agents have sufficient inventory, the price advantage of some economic products is reduced, overall shipments are slow, goods shipped through channels are scarce, channels mainly control inventory, and replenishment enthusiasm is not high.

Futures spot price list

market outlook

Today, the main rubber contract remains weak and consolidating, and the seasonal release trend on the supply side remains unchanged. However, due to recent weather disturbances, the decline in raw material prices has slowed down, and the demand in the downstream market has been flat. The pressure on production and sales of tire companies has not decreased, and flexible production control will continue. Social inventories maintained a de-warehouse trend, relatively easing the tight spot situation. In the short term, the negative sentiment in the Tianjiao market is relatively heavy, and rubber prices are still expected to weaken under the market game.