[Natural Rubber]: Rubber Daily Journal (April 8)

Analysis of natural rubber market price on April 8

index

On April 8, the STR20 price index of natural rubber in the Qingdao market was US$1670/ton, up 35 or 2.14% from yesterday.

market analysis

futures market

spot market

Supply:

Abroad: Thailand is closed due to holidays, and there is no market price for raw materials.

China: Yunnan production areas have been suspended due to the impact of dry weather, and there is no market quote.

On the demand side: The operating rate of semi-steel tire enterprises increased slightly compared with last week, a significant increase compared with the same period last year, and the market spot inventory increased; the operating rate of all-steel tire enterprises increased in a narrow range compared with last week, declining compared with the same period last year, and the market spot inventory increased. In terms of the market, the starting load of downstream tire companies was still high at the beginning of the month, the spot supply was relatively sufficient, and the overall shipment performance was average.

Futures spot price list

market outlook

Thailand's raw material prices are consolidating at a high level, which provides good support for rubber costs; China's raw materials have not yet been cut on a large scale, and the supply of raw materials in the market is low; today, China's natural rubber market prices are falling and rising, and the spot market has been successfully removed; The downstream tire industry is not in a good mood to buy high-priced rubber, and most of its purchases are based on just-needed needs. It is expected that the natural rubber market will consolidate and operate in the short term.