[Natural Rubber]: Rubber Journal (October 28)

Analysis of natural rubber market price on October 28

index

October 28June, Natural Rubber Qingdao Market STR20 Price Index2045 BeautyYuan/ton, compared withThe previous trading day rose by US$15/ton.

market analysis

futures market

spot market

Supply:

Abroad: Thailand Thailand, the overall rainfall in Thailand has decreased, the volume has continued to increase in the northeast, and the month-on-month improvement in the south. It is expected that the volume will start to increase significantly next week. Glue raw materials will decline significantly due to demand.

China: The weather conditions in Yunnan's producing areas are good, the rubber tapping work in the producing areas is carried out smoothly, the glue output maintains a normal volume pace, and some rubber factories are gradually entering the winter storage stage. The supply of raw materials, glue and rubber blocks, is tight, supporting the strong operation of raw materials market prices.

Affected by Typhoon Tanmei and cold air, precipitation disturbances have increased significantly in Hainan's production areas, and even heavy rains have occurred in some areas, which has hindered the development of rubber tapping work on the island.

Demand side:It is understood that there are differences in the operation of enterprises 'equipment. Most enterprises' equipment is running smoothly, and some maintenance enterprises are gradually recovering from the start of construction. Due to external factors, there are also some all-steel tire enterprises showing slight signs of decline in the start of construction. However, the overall shipment performance is average, and sales pressure remains unchanged. In terms of the market, some brand agents have reversed their previous promotional policies and raised their wholesale quotations by about 2%. However, downstream customers in the channel have flat willingness to purchase goods, trading is sporadic, and the actual transaction price is mainly stable.

Futures spot price list

market outlook

Today, the main rubber contract closed down within a narrow range. As of now, in the upstream production areas, the overall supply weather has temporarily improved in the short term, and there has been a slight trend of gradual increase in volume. Cost support is expected to fall. As the weather conditions improve in the later period, the expectation of a decline in raw material support may heat up, and cost support continues to be in a weak state. In terms of downstream demand, for all-steel tires, the northern market is gradually entering the off-season. Under the pressure of current low inventory levels, weak demand, and continued high operating levels of raw materials, various companies may continue to flexibly adjust their production schedules, and the overall operating rate will increase. Limited space. The recent weakening of fundamentals has led to natural rubber maintaining signs of decline in the short term. Without any significant changes in fundamentals, it is expected that the natural rubber market will continue to maintain a volatile operation trend in the future.