Natural rubber: Continued fluctuations (June 17)
Index
On June 17th, the Qingdao STR20 price index for natural rubber was $2370/ton, down $20/ton from the previous trading day.
Market Analysis
Futures Market:
Spot Market
Supply Side:
International: Increased rainfall in southern Thailand led to continued tight latex production, and latex prices continued their upward trend. In the northeast, normal production volumes were observed, and factories were pressuring for lower raw material prices, putting downward pressure on cup lump prices. Localized showers in Vietnam had little impact on raw material production, and current supply remains tight.
Domestic: Sporadic rainfall in Yunnan's production areas, but overall supply remained high. Factories were selectively purchasing rubber, strengthening expectations of stable raw material prices. Localized rainfall in Hainan's production areas hampered tapping operations, slowing the seasonal increase in raw material production. Improved orders and profits for local processing plants led to a slight upward adjustment in raw material prices.
On the demand side: It is understood that most companies' overall shipment performance is average, with export orders still facing obstacles, leading to some production cuts. Currently, most companies have not yet scheduled maintenance for the Dragon Boat Festival; only a few have plans for maintenance or price reductions, adjusting flexibly based on their own inventory and shipment situations.
Futures and Spot Prices Overview
Market Forecast
Today, futures prices declined slightly, while natural rubber spot prices remained generally stable. Market inquiries were subdued, and overseas cup lump rubber prices performed strongly, with upstream cost support remaining. Downstream product manufacturers were cautious in their inquiries, focusing on price negotiations and small-volume restocking. In the short term, with mixed bullish and bearish sentiment, rubber prices have begun to fluctuate.
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