Analysis of natural rubber market price on September 18

index

September 18June, Natural Rubber Qingdao Market STR20 Price Index1985 BeautyYuan/ton, compared withThe previous trading day rose by US$95/ton.

market analysis

futures market

spot market

Supply:

Foreign countries: Recently, strong monsoon weather runs through southern and eastern Thailand, and some areas are at risk of floods. Rainfall weather affects raw material output, which in turn supports Thailand's raw material prices to remain firm at high levels.

China: The impact of the typhoon has weakened, and glue collection has been gradually carried out in various production areas. The output of glue is low, and prices continue to rise.

Due to the impact of typhoon weather in Hainan's production area, rubber tapping operations across the island have resumed one after another. The actual rubber price of the processing plant has remained high, but the overall rubber collection volume is relatively limited.

Demand side:It is understood that most semi-steel and all-steel tyre enterprises are currently operating smoothly, and some all-steel tyre enterprises have maintenance plans at the end of the month, which will cause a certain delay on the overall start of the project. All-steel tyre enterprises have sufficient inventories and sales pressure will not decrease. In terms of the market, before the Mid-Autumn Festival, trading in the semi-steel tire market was still good, especially some agents, who replenished their stocks appropriately to meet the peak travel demand during the Mid-Autumn Festival. The entire steel tire market was slightly tired, and it was mainly in need of goods. Agents should prioritize ensuring the order quantity of large brands.

Futures spot price list

market outlook

Today, the main rubber contract has shown a significant upward trend. During the Mid-Autumn Festival holiday, external prices have mostly increased, and the overall market atmosphere has been warmer. Recently, the weather disturbances in China's foreign producing areas have been obvious. Among them, frequent rainfall in Thailand's producing areas may lead to rubber production reduction. Cost support is strong, and the impact of recent market purchasing and purchasing events has caused the bullish sentiment in the spot market to heat up. On the demand side, before the Mid-Autumn Festival, the semi-steel tire market was trading well, especially some agents, who replenished their stocks appropriately to meet the peak travel demand during the Mid-Autumn Festival. Rubber prices may remain strong for a short period of time.