Rubber Special Feature
Analysis of rubber spot market
From the supply side, the climate in the domestic producing areas is better, and the cutting promotion has entered the stage of large-scale operation, and Thailand has gradually started cutting, and the pressure on the supply side still exists; The recent improvement in downstream demand is not obvious, which has suppressed the rubber price, and the rubber price has been driven upward in the short term by the news of storage; On the whole, the recent rubber fundamentals have not changed much, and rubber prices may remain strong and volatile.
This week, the offer price of natural rubber latex spot market fell steadily, the futures market fell, the market confidence weakened, and the market was difficult to trade at a high price
Forecast for the future market:
1. Raw materials in domestic production areas have been cut one after another, and the cutting situation in foreign countries has improved, and raw materials have been released one after another;
2. It is expected that the operating rate of tire sample enterprises in the next cycle is expected to improve;
3. The inventory in Qingdao, China continues to be accumulated;
4. Exchange rate, Fed interest rate cut, etc.
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