[Natural Rubber]: Rubber Daily Journal (September 24)

Analysis of natural rubber market price on September 24

index

September 24June, Natural Rubber Qingdao Market STR20 Price Index1980 beautifulYuan/ton, compared withThe previous trading day fell by US$40/ton.

market analysis

futures market

spot market

Supply:

Foreign countries: Recent strong monsoon weather has run through southern and eastern Thailand. Rainfall weather has affected raw material output, which in turn supports Thailand's raw material prices to remain firm at high levels.

China: Rubber collection work is carried out normally in Yunnan production areas, and glue output continues to be low. It is expected that the full supply time will be delayed. The current raw glue price is firm.

Frequent rainfall and weather in Hainan producing areas have affected rubber tapping operations. The actual rubber price of the processing plant remains high, but the overall rubber collection volume is relatively limited.

Demand side:It is understood that at present, most enterprises 'equipment is running smoothly, and some enterprises are closing down ahead of schedule. The preparations before maintenance will drag on the overall start. The overall shipment performance of the enterprises is average, and the overall inventory is relatively sufficient. In terms of the market, driven by recent raw material prices, some tire companies have issued price increase notices. The market sentiment is not high, terminal demand is insufficient, goods through channels are slow, and the short-term continuation of inventory digestion is mainly, and there is insufficient willingness to replenish goods.

Futures spot price list

market outlook

At the close of today, the main rubber contract showed a significant upward trend. Judging from the current fundamental situation, China's foreign producing areas continue to recover, but rainfall and weather in some areas still have an impact. The overall volume increase rate is less than expected, and raw material prices are supporting; downstream At present, downstream construction is stabilizing, and China's automobile industry may gradually move out of the mid-to-off-season; There is basically some support on the supply and demand side. Coupled with the recent macro news, the main rubber contract has strengthened upward momentum in the short term.