Natural Rubber Price Rises Moderately

Index

On July 22, the STR20 price index of the natural rubber market in Qingdao was 1,820 US dollars/ton, up 20 US dollars/ton from the previous trading day.

Market analysis

Futures market:

In terms of spot market supply: 

Abroad: Thailand has seen an increase in rainfall, which has hindered rubber tapping. Domestic and foreign futures have risen strongly, and the trend of the rubber cycle has stabilized; dry rubber factories have increased their prices to buy raw materials for production, and the price of cup rubber has risen significantly; the overall climate in Vietnam's production areas is stable, the supply has grown steadily, the purchase price of glue has remained stable, the supply of glue resources is sufficient, and the purchasing rhythm of processing plants is relatively stable.

Domestically: The Yunnan production area has been disturbed by continuous rainfall, which has hindered the normal development of rubber tapping, the supply of glue is relatively small, and the purchase price of raw materials remains high; the Hainan production area has seen an increase in rainfall disturbances, the release of raw material production on the island has been significantly restricted, the mood of increasing prices to rush to harvest raw materials has heated up, and the purchase price of raw materials has risen slightly.

Demand: It is understood that the semi-steel tire enterprises that unexpectedly stopped production last week have now resumed normal operation, but the overall order performance is insufficient, and it is difficult to continue to increase the start-up. The start-up performance of most other enterprises is basically stable, and foreign trade is still good, which still supports the overall shipment, and the overall inventory is sufficient.

List of futures and spot prices

Forecast for the future market

Today, the main rubber contract futures market fluctuates strongly, and the spot price moves up with the center of gravity of the market. The weather in the production area interferes, the raw material volume is slow, and the cost support is strong. In addition, the macro policy expectations are positive, and the center of gravity of the rubber price continues to rise; the downstream demand has not changed much, and the purchase of just-needed needs is maintained cautiously. The enthusiasm for inquiries is average, and the actual order transaction is weak. It is expected that the rubber price will remain strong and volatile.

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