Jul 23 Natural Rubber Market Analysis

Analysis of natural rubber market prices on July 23

Index

On July 23, the STR20 price index of the natural rubber Qingdao market was 1,810 US dollars/ton, down 10 US dollars/ton from the previous trading day.

Market analysis

Futures market

Spot market

Supply:

Foreign: Thailand has more rain, rubber tapping has been hindered, domestic and foreign futures have risen strongly, and the trend of rubber cycle has stabilized; dry rubber factories have increased their purchases of raw materials at a higher price, and the price of cup rubber has increased significantly; the overall climate in Vietnam's production area is stable, the supply has grown steadily, the purchase price of glue has remained stable, the supply of glue resources is sufficient, and the procurement rhythm of processing plants is relatively stable.

Domestic: The Yunnan production area has been disturbed by continuous rainfall, which has hindered the normal development of rubber tapping, the supply of glue is relatively small, and the purchase price of raw materials remains high; the impact of typhoons in the Hainan production area has weakened, the precipitation weather has improved slightly, the rubber tapping operation has slowly resumed, the supply of raw materials on the island has increased month-on-month, and some processing plants have increased their enthusiasm for raw materials to increase prices.

Demand: It is understood that the tire companies' equipment is running smoothly and the inventory reserves are sufficient, but the downstream demand is not good, the overall shipment is relatively slow, and the company's finished product inventory is sufficient. In the short term, the production and sales pressure of the company still exists, and some tire companies continue to flexibly control production.

List of futures and spot prices

Market forecast

Today, the main rubber contract futures market fluctuated and adjusted, the spot quotation moved down slightly, the market fluctuated greatly, and the market sentiment was relatively cautious; due to the impact of the typhoon, the release of new rubber was blocked, the price of raw materials remained strong, and the cost side of natural rubber was strong; but the downstream inquiry atmosphere was not high, the actual order transaction was weak during the session, and the upward trend of the natural rubber market was suspended. It is expected that the rubber price will remain strong and volatile in the short term.

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