[Natural Rubber]: Rubber Weekly Review (June 29)

Figure 1: Shandong market price of STR20 MIX                                      图2：浙江市场Thailand进口普通散装价格

dry rubber

Rubber remained volatile this week. Supply expectations from other producing areas in China have gradually strengthened. Supply pressure has been released. Raw material prices have shown a downward trend to varying degrees. However, as far as the current raw material prices are concerned, they are already at a low level, and there is relatively limited room for further exploration., the cost side has bottom support. The start of all-steel continued to weaken, semi-steel remained high, and terminal demand did not improve significantly. Qingdao Port's general trade and bonded inventories continued to maintain a narrow accumulation state, which brought resistance to the upward trend of rubber prices and remained at a low level in the short term. Shock.

natural latex

This week, the price of natural latex is basically in a weak consolidation trend. From the overall supply and demand side of concentrated milk, there has been no significant improvement. So far, the actual downstream start-up has not shown a significant improvement. The actual transaction is still in a weak state, and there are still bearish expectations in the market.

Market outlook forecast:

1、中国外producing areas降雨天气缓和，原料上量预期升温；

2、预计下周期下周期轮胎样本企业产能利用率稳中偏弱运行，半钢胎企业排产以稳为主；

3、中国青岛库存量继续累库状态，下游实际接货情况较为疲软；

4、美元汇率高位，端午消费经济好转能否持续。