Natural Rubber Market Price Analysi
On January 20, the STR20 price index of natural rubber at the Qingdao market was 2080 US dollars / ton, down 30 US dollars / ton from the previous trading day.
Spot market
On the supply side:
Abroad: The weather in northeast Thailand is cooling, the rain in the south is increasing, and the leaves are falling in the north and south, which affects the overall output of raw materials.
Home: The main natural rubber production areas in Hainan have basically stopped cutting, and only a few state-owned farms have entered into the rubber cutting period, and it is expected that the cutting would completely stopped around the 20th.
On the demand side:
Most of the all-steel tire enterprises in the main production areas in Shandong are concentrated in the Spring Festival holiday between the twentieth to twenty-third of the month (January 19-22), and the semi-steel tire enterprises are concentrated after the twenty-third of the month (January 22), and many all-steel tire enterprises will enter the state of suspension in the next cycle, and some semi-steel tire enterprises will gradually enter the closing stage, which will drag the overall output.
Today's main rubber contract closed in a narrow range today. On the supply side, the upstream has increased, and as of now, Thailand's overall raw material output has been affected, raw material prices have shown a narrow upward trend, and the cost side still has support; Downstream consumption is close to the Spring Festival holiday, downstream factories are basically over before the holiday, the market transaction performance is average, the overall demand is weak, and both positive and negative factors on the supply and demand side of rubber are intertwined, and it is expected that rubber will maintain a narrow range of fluctuation in the short term.
