[Natural Rubber]: Rubber Daily Journal (June 16)

Analysis of natural rubber market price on June 16

index

On June 16, the STR20 price index of natural rubber in the Qingdao market was US$1380/ton, up US$5/ton from the previous trading day, or 0.36%.

market analysis

futures market

spot market

Supply:

Foreign countries: Thailand's production areas have not yet been fully increased, and the output of raw materials is relatively limited. Recent rains and weather have been relatively frequent, which has relatively affected the output of raw materials. However, the profits of finished products have fallen short of expectations, and the enthusiasm for purchasing raw materials has been affected.

China: China's production areas are basically in the stage of opening and increasing production. The output of raw materials in Yunnan's production areas has also gradually improved. Hainan's production areas are in a stage of steady increase, with a daily output of nearly 4000, but rainfall has also occurred frequently recently.

Demand: At present, the start of all steel tire maintenance enterprises has not resumed, and shipments are normal. The capacity utilization rate of most other enterprises remains high, supplementing the order gap. At present, the phenomenon of scheduling and shipment such as foreign trade orders of enterprises still exists, and the overall inventory growth continues to remain unchanged. In terms of the market, the current market differentiation is relatively serious. Some brand agents have relatively small inventory pressure and high task completion rates. The product competitiveness of most other small-scale enterprises is not obvious, sales pressure has not decreased, and the overall demand in the replacement market is stable and weak.

Futures spot price list

market outlook

In the short term, China's foreign producing areas have been affected by rainfall, and the overall supply of raw materials has been slow. However, the actual profits of the processing plants have fallen short of expectations, resulting in a decline in the current purchasing sentiment of raw materials. Therefore, the rainy weather has not brought about a rise in raw material prices as scheduled. From the demand side, the current start of processing plants is basically in a normal state. Excluding that some all-steel tire enterprises have not yet started maintenance, most processing plants are still in good condition. The removal of natural rubber social stocks and the improvement of the macro atmosphere have brought positive support to weak rubber.