[Natural Rubber]: Rubber Daily Journal (September 25)

Analysis of natural rubber market price on September 25

index

September 25June, Natural Rubber Qingdao Market STR20 Price Index2080 beautifulYuan/ton, compared withThe previous trading day rose by US$20/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, some enterprises in Shandong's main producing areas have generally performed average overall shipment performance, and the pressure on enterprises 'raw material costs has not decreased. In order to relieve the pressure, some enterprises have maintenance plans during the National Day, and most of them are all-steel tire enterprises. In terms of the market, agents and downstream channels have sufficient inventory, terminal demand is weak, and goods within channels are scarce. The current price increase news has little impact on the market and has not yet stimulated downstream enthusiasm to pick up goods. Some operators said that purchasing on demand is based on market outlook. Be short.

Futures spot price list

market outlook

At the close of today, the main rubber contract continued yesterday's rally and hit a new high for the year. The news of a macro RRR cut and interest rate cut was released yesterday. As relevant policies continue to be implemented, this round of policies will greatly promote the improvement of economic growth momentum, and the macro environment will return. The temperature is obvious. Judging from the current fundamental situation, China's foreign production areas continue to recover, but rainfall and weather in some areas still have an impact. The overall rate of increase is less than expected, and raw material prices are supporting; On the downstream side, China's current downstream construction is stabilizing, and China's automobile industry may gradually move out of the mid-season and off-season; There is basically some support on the supply and demand side. Coupled with the recent macro news, the upward momentum of the main rubber contract will strengthen in the short term.