Natural Rubber Daily: Chase or Not?（August 19）
Natural Rubber Daily: Market Keeps Rising — Chase or Not?
Index
On August 19, the STR20 price index of Qingdao natural rubber market was 2,285 USD/ton, up 25 USD/ton from the previous trading day.
Market Analysis
Futures Market:
Spot Market
Supply Side:
Overseas: Heavy rainfall in northeastern Thailand disrupted tapping, and cup lump supply tightened temporarily. Southern Thailand maintained normal production volumes. Latex market demand remained weak, and factories maintained just-in-time procurement of latex.
In Vietnam, frequent nighttime rainfall in the main production areas continued to interfere with tapping operations. Effective tapping time was reduced, and the overall pace of raw material volume growth was sluggish, leading to higher raw material quotations.
Domestic: Rainfall persisted in Yunnan production areas, making tapping operations difficult. Processing plants showed increasing willingness to raise prices for raw material procurement.
In Hainan production areas, rainy weather affected tapping, slowing the pace of raw material production and release. However, as expectations of subsequent weather disruptions strengthened, local processing plants maintained aggressive price competition for raw materials to ensure their own production and order delivery needs.
Demand Side:
According to industry sources, most semi-steel tire enterprises remain in production control status, with the overall industry operating rate maintained at a low level. Currently, there is limited shipment of snow tires in the northeastern region, while all-season tire shipments in most other regions show average performance. A few enterprises have introduced price policies to provide support, which to some extent drove downstream procurement volumes, but the overall increment remains limited.
Futures and Spot Price List
Market Outlook
Today, the futures market showed strong oscillation, and spot prices moved up following the upward shift in futures, boosting market sentiment. On the supply side, due to rainfall disruptions in domestic production areas, actual rubber collection volumes have not yet shown significant improvement. Overseas factories are shipping actively, raw material procurement has increased, and raw material prices remain at high levels providing support. Downstream enterprise operating rates have also begun to enter an upward trend. In the short term, the natural rubber market may show a strong posture.
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