Analysis of natural rubber market price on October 9

index

October 9June, Natural Rubber Qingdao Market STR20 Price Index2090 beautifulYuan/ton, compared withThe previous trading day fell by US$40/ton.

market analysis

futures market

spot market

Supply:

Abroad: There is still heavy rainfall in some parts of Thailand, which affects rubber tapping and factory production and transportation. Cutting conditions in the south are less than expected, and raw material purchase prices remain high.

China: Rubber collection work has been gradually carried out in various areas in the southern part of Yunnan's production area, and glue output has gradually entered the stage of increasing volume. The current price of raw glue is firm.

Rainfall weather in Hainan's production areas has improved, and seasonal production of raw materials has increased. Due to factors such as poor production profits, some processing plants have low enthusiasm for purchasing raw materials, which in turn has dragged down raw material prices.

Demand side:It is understood that most companies repairing semi-steel tires and all-steel tires have resumed work as planned, and the overall operating rate is gradually increasing. During the National Day, the overall shipment performance was average. Under the news of price increases, a wave of shipments has been driven and the overall inventory has been digested. Some companies that have not stopped work have their inventories in an improved state. In terms of the market, under the news of price increases, some agents made payments in advance. Currently, as early orders arrive one after another, factory inventories are gradually shifting downward. However, the downward shift of channel inventories is slow, and downstream customers are not in high buying spirits.

Futures spot price list

market outlook

After the holiday, the main rubber contract basically remained at a relatively high level. The rainfall weather on the rubber supply side improved, and the overall output situation improved slightly. However, rainfall weather still existed in some areas, and raw material prices remained relatively high in the short term; on the demand side, During the National Day holiday, maintenance companies continued to recover, which to a certain extent supported the improvement in operating rates. Gold September and Silver Ten still existed, and terminal demand was expected to show a wave of improvement in October; After the holiday market adjustment, market offers are more chaotic, and industry operators have a strong wait-and-see attitude. However, the fundamentals are still worthy of attention. The rubber high support is slightly weak, so beware of falling back.