dry rubber
this monthChina's natural rubber spot market prices have ended a long-term volatile trend and have begun to show a narrow upward trend. At the beginning of the month, the amount of raw materials supplied in Thailand's production areas fell short of expectations. Overseas demand for tobacco sheet rubber improved and raw materials increased. Moreover, the exchange rates of major Southeast Asian producing countries appreciated, providing support for the upward shift in imported rubber prices. In Yunnan, China's producing area, cutting was temporarily suspended in some areas due to leaf disease, which further provided effective support for the upward trend of rubber prices. In the middle of the month, Qingdao warehouses were affected by customs clearance policies, and the warehousing rate fell month-on-month. Total inventories were removed to the warehouse again, supporting the continued rise in rubber prices.
natural latex
this monthChina's natural latex market has shown a rising trend. On the one hand, the general environment futures market has a strong atmosphere of turbulence and rising. On the other hand, the supply and demand side have begun to show bullish support. The prices of raw materials in domestic and overseas production areas have a strong trend. At the same time, there is no pressure on spot supply in the sales area, which has formed a strong support for prices. Traders have tried to increase prices and offers for shipments. As global supply increases, a wait-and-see atmosphere in the market is gradually emerging, and downstream product companies are slightly unable to accept high prices at the end of the month. Small price cuts by cargo holders promote shipment, and downstream product companies have a strong wait-and-see attitude, weak inquiries, and actual transactions are negotiated.
Market outlook forecast:
In January and September, the supply of raw materials in production areas at home and abroad is expected to increase significantly, and cost support is weak;
2. It is expected that the tire operating rate will improve in September;
In March and September, the social inventory accumulation of Tianjiao is expected.
