[Natural Rubber]: Rubber Daily Journal (September 13)

Analysis of natural rubber market price on September 13

index

September 13June, Natural Rubber Qingdao Market STR20 Price Index1890 beautifulYuan/ton, compared withStable on the previous trading day.

market analysis

futures market

spot market

Supply:

Foreign countries: Recently, strong monsoon weather has penetrated southern and eastern Thailand, and some rubber plantations have been severely affected. There is a shortage of raw materials in southern Thailand. Factories have saved high prices to rush to replenish warehouses. Thai raw material prices have remained firm at high levels.

China: Typhoon "Capricorn" arrived in Yunnan producing areas, which had a great impact on Mengla County. Heavy rains continued, and some processing plants have entered a state of shutdown, production, wind and flood resistance, and the price of rubber collection is not yet available.

Due to the impact of typhoon weather in Hainan's production area, rubber tapping operations across the island have resumed one after another. The actual rubber price of the processing plant has remained high, but the overall rubber collection volume is relatively limited.

Demand side:At present, the start-up performance of enterprises is stable. Some enterprises have maintenance plans in the near future. However, considering that the current shipments are still acceptable and the inventory is within the normal range, the maintenance may be in a tight supply state, so the plan is postponed to prepare for inventory. Overall, the company's shipment performance improved slightly. In terms of the market, there are differences in the performance of market agents. Some front-line brand agents mainly achieve purchase tasks. At the end of the third quarter, sales may be sprint. The overall inventory is high. Some brand agents in Shandong are not willing to achieve tasks, and they are in need of replenishment., mainly digesting inventory, and there is no significant increase in terminal demand.

Futures spot price list

market outlook

Today, the main rubber contract maintains an upward trend, and the bullish sentiment is heating up. Recently, weather disturbances in China's foreign production areas have been obvious. Due to the impact of typhoons, glue output in China's production areas has been significantly reduced. Poor transportation in typhoon weather has affected the pace of overseas arrivals to Hong Kong. Natural rubber stocks are expected to be maintained for a short time. However, the impact of typhoons exists in a short period of time. Production in the production areas will basically return to normal after the end, so there is a decline in cost support. In terms of demand, June-August in previous years was the peak consumption season for terminal demand. Around September, it was easy to drive price increases in the spot market. Preparing for the holidays, starting work to maintain a high level of benefits and support. Coupled with the rise in synthetic rubber, rubber prices may remain in the short term. Strong operation.