Analysis of natural rubber market price on October 29
index
October 29June, Natural Rubber Qingdao Market STR20 Price Index2025 BeautyYuan/ton, compared withThe previous trading day fell by US$20/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 the equipment operation performance of most enterprises is basically stable, the equipment operation of maintenance enterprises has gradually recovered, and the overall shipment performance is average. At the end of the month, some enterprises concentrated on foreign trade shipments, domestic shipments fell short of expectations, and some enterprises still have shortages. In terms of the market, corporate prices have increased. Some agents have higher imports and higher outflows. Actual shipments are average. Market terminal demand is flat, mainly digesting inventory, and channel delivery is weak. Most prices have continued to stabilize, and agent profits have shrunk significantly.
Futures spot price list
market outlook
Today, the main rubber contract closed downward. As of now, the overall supply in the upstream production areas has temporarily improved in the short term, and there has been a slight trend of gradual increase. The cost-side support is expected to fall. As the weather conditions improve in the later period, the decline in raw material support is expected to heat up, and cost-side support is gradually 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.
