[Natural Rubber]: Rubber Daily Journal (September 3)

Analysis of natural rubber market price on September 3

index

September 3June, Natural Rubber Qingdao Market STR20 Price Index1820 beautifulYuan/ton, compared withThe previous trading day fell by 10 yuan/ton.

market analysis

futures market

spot market

Supply:

Foreign countries: Recently, strong monsoon weather has penetrated southern and eastern Thailand, and some rubber plantations have been severely affected. There is a shortage of raw materials in southern Thailand. Factories have saved high prices to rush to replenish warehouses. Thai raw material prices have remained firm at high levels.

China: The rainfall in Yunnan's production areas has decreased slightly, and it has gradually entered the rubber harvest stage. The current increase in raw material output has not been as expected. The supply exceeds demand, and the price of glue is relatively strong.

The weather conditions in Hainan's production areas are performing well, and precipitation is still repeated in some areas, but the impact on the overall rubber tapping work is relatively limited. Raw material production maintains a seasonal increase trend. However, due to recent typhoon weather, the actual rubber harvest price remains high.

Demand side:It is understood that at the beginning of the month, most companies said that production scheduling was basically stable. The current shipment performance was average. The overall inventory of all-steel tires was sufficient. Due to the large number of specifications, the supply of semi-steel tires was still tight, and the performance of price policies was basically stable. In terms of the market, the terminal demand for all-steel tires is weak, and the overall shipment of all links is slower than the same period in previous years. The shipment of semi-steel four-season tires is flat. The replenishment of snow tires is in progress. The demand is still good, and social inventories are generally sufficient.

Futures spot price list

market outlook

Today, the correction trend of the main rubber contract has weakened. Overall, the rubber market was profit-taking at a high level in the early stage, and rubber continued to have insufficient momentum to move upwards. However, typhoon weather is approaching, and cost-side support is expected to be stronger. While downstream maintenance factories resume construction, demand is basically It can also maintain a stable state and support rubber in the short term, which may ease the rubber correction trend.