Analysis of natural rubber market price on August 7

index

August 7June, Natural Rubber Qingdao Market STR20 Price Index1735 beautifulYuan/ton, compared withStable on the previous trading day.

market analysis

futures market

spot market

Supply:

Foreign countries: There is more rainfall in northeastern Thailand than in the south, and there is still more rainfall overall, which affects the pace of new rubber release. Restocking by secondary suppliers is not smooth, and there is not much room for downside in raw material purchase prices.

Domestic: Currently, Yunnan production has been fully cut, and glue has entered the stage of comprehensive supply. Recently, there has been frequent rainfall in the production area, less glue has been collected, and raw material prices have stabilized.

Typhoon weather in Hainan's production areas has eased, raw materials are expected to be stored, and the actual purchase price of raw materials has dropped within a narrow range.

Demand side:The overall shipment performance is average, and the performance of new orders within the month is differentiated. However, in order to meet customer needs, short-term construction will still be maintained. In terms of the market, terminal demand performance at the beginning of the month is average, and the overall digestion of pre-period inventory is mainly concentrated. It is heard that some companies reserve certain promotional policies for different products, and the overall effect is average.

Futures spot price list

market outlook

Recently, the main rubber contract has risen in a narrow range, upstream supply pressure still exists, and raw material increase expectations have begun to strengthen. However, the recent increase in weather in the production area has affected glue output to a certain extent, and raw material prices have upward support in the short term. Downstream start-ups have basically remained relatively stable. However, the overall shipment performance is average, and the performance of new orders within the month is differentiated. However, in order to meet customer demand, short-term start-ups will still be maintained. The support for natural rubber's continued recovery is slightly weak, and may continue to be maintained in the short term. Volatility trend.