[Natural Rubber]: Rubber Daily Journal (August 2)

Analysis of natural rubber market price on August 2

index

an 8 - 2June, Natural Rubber Qingdao Market STR20 Price Index1710 beautifulYuan/ton, compared withThe previous trading day rose by US$10/ton.

market analysis

futures market

spot market

Supply:

Foreign countries: There is more rainfall in northeastern Thailand than in the south, and there is still more rainfall overall, which affects the pace of new rubber release. Restocking by secondary suppliers is not smooth, and there is not much room for downside in raw material purchase prices.

Domestic: Currently, Yunnan production has been fully cut, and glue has entered the stage of comprehensive supply. Recently, there has been frequent rainfall in the production area, less glue has been collected, and raw material prices have stabilized.

Typhoon weather in Hainan's production areas has eased, raw materials are expected to be stored, and the actual purchase price of raw materials has dropped within a narrow range.

Demand side:It is understood that most enterprises currently have stable start-ups, some enterprises are still in maintenance status, shipments are average, and overall inventory is at a high level. In order to control inventory growth, some enterprises still have maintenance expectations. In terms of the market, domestic market demand is performing poorly. Dealers have sufficient inventories and are bearish on the future outlook. They are becoming more cautious in purchasing goods. Some of them are bearish on the next month's market and market prices.

Futures spot price list

market outlook

Recently, the main rubber contract has risen in a narrow range, but the closing price has basically remained fluctuating around 14300. From the supply side, typhoon disturbance factors have begun to weaken, rainfall and weather have moderated, and raw material increment expectations have begun to strengthen. After entering August, Supply pressure in production areas continues to increase, and expectations for a decline in cost-side support are stronger. The off-season for downstream demand is approaching, and the overall start-up of enterprises remains weak. The overall data is still in a dismal state. The willingness to purchase raw materials has cooled down. It is difficult for both supply and demand to provide significant support for rubber prices. It is expected that natural rubber will basically undergo a slow change in the short term. The state is more dominated by narrow fluctuations.