Natural Rubber Prices Edge Up Today
Index
On July 25, the STR20 price index of natural rubber in Qingdao market was 1,870 USD/ton, up 20 USD/ton from the previous trading day.
Market analysis
Futures market:
In terms of spot market supply: Abroad: Some areas of Thailand are still disturbed by heavy rainfall, which affects rubber tapping. The purchase price of raw materials continues to rise, and the pressure on raw materials in factories is not great; the price of raw materials in Vietnam production areas has risen, and the price of cup rubber remains relatively strong.
Due to the influence of Typhoon Wipha, there is more precipitation in the north and central parts of the country, and the rubber tapping operations in the main production areas in the south have not been significantly affected, and the seasonal supply increase trend has not changed.
Domestically: Due to the influence of rainfall, the production area of Yunnan is affected by rainfall, the amount of rubber is slow, and the tight supply of raw materials supports the purchase price to remain strong; the production area of Hainan is affected by Typhoon "Wipha", and the heavy rainfall weather disturbs the release of raw material production. The mood of processing plants to increase the price to rush to collect raw materials has heated up, which has led to an increase in the purchase price of raw materials, and the cost side has strengthened.
Demand: It is understood that the prices of various raw materials have risen slightly, and the cost support of tires is still there. As the end of the month approaches, the price policy performance will continue to be stable, and there is flexibility in transactions. In addition, with the increase in costs, the profit margin of tire products has declined. Enterprises may optimize promotion policies and moderately cancel the promotion of individual low-profit products. Other products may still have certain policy support.
List of futures and spot prices
Market forecast
Today, the main rubber contract futures market maintained high fluctuations, the center of gravity of spot quotations continued to move up, and some arbitrageurs covered their positions; rainfall in domestic and foreign production areas is still there, and rubber farmers' rubber tapping work is hindered by the conflict between Thailand and Cambodia.
The bullish atmosphere of rubber prices is strong, raw material prices are easy to rise and difficult to fall, and the cost support is strong; downstream maintains rigid demand purchases, market trading sentiment is cautious, and overseas cargo arrivals are still expected to decrease, but attention should be paid to the inflow of Yunnan's alternative planting indicators. In the short term, the market macro sentiment is strong, and rubber prices continue to maintain a strong operation.
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