[Natural Rubber]: Rubber Daily Journal (April 9)

Analysis of natural rubber market price on April 9

index

On April 9, the STR20 price index of natural rubber in the Qingdao market was US$1700/ton, up 30 or 1.8% from yesterday.

market analysis

futures market

spot market

Supply:

Foreign countries: Thailand's raw material prices are falling and rising, and the overall situation is high.

China: Some production areas in Yunnan have been suspended due to dry weather, and Hainan has not yet started cutting.

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 is still high, but the shipment speed has slowed down significantly, and the phenomenon of companies accumulating stocks has increased.

Futures spot price list

market outlook

Thailand's raw material prices are operating at a high level, which has strong 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 have fallen and risen, and the spot market has been successfully removed from the warehouse; the downstream tire industry has experienced average shipment performance, and there is no mood to stock raw materials purchased. It is expected that the natural rubber market will be consolidated and operated in the short term.