A daily review of natural rubber futures and spot goods

Release time：2020-06-30 13:18Number of visits：second

1. Review of futures market

Qingdao Jiushan industry and trade information natural rubber price index closed at 439.58, down 14.08 or 3.1% from the previous trading day.
The quotation dropped by 15-20 USD / ton; the quotation of USD glue in Qingdao Free Trade Zone dropped by 50-60 USD / ton.

3. List of spot market prices of natural rubber today

4. Market description of raw materials and downstream products

Thailand raw material purchase price fell: raw film 44.26, down 1.04; tobacco glue 45.59, down 1.61; glue 44.00, down 1.50; Cup glue 36.00, down 0.50. (THB / kg)
In terms of manufacturers, Qingdao and its surrounding tire enterprises have basically resumed normal production and are expected to rise to the normal level this week. When the market demand for replacement is weak, the output of rotation enterprises will give priority to the supply of supporting equipment and export market, and the inventory will also be under pressure for a short time. The sales policy continued to be stable. It is suggested to pay attention to the price policy dynamics at the beginning of the next month.

5. Aftermarket analysis

Middle selling. The rising wait-and-see mood in the spot market also stimulated more purchase demand. However, due to the high holding cost of spot, it will lead to the lower willingness of low-cost shipping, the rapid narrowing of the cash basis, or the short-term formation of spot cost rising futures. However, because the demand side is in the seasonal off-season as a whole, and the performance of the terminal and export market is poor, the spot is still weak under the pressure of excess supply. At the same time, the rising water in the far month will not give a large space. Rubber has been in the process of the bear market bottoming out. Although the decline may not be achieved overnight, the possibility of breaking through 10000 is increasing due to internal and external difficulties. Short term attention to the important psychological position of 10000 points under the 1809 contract will be the key competition point. The bottom copying efficiency is very low, and the empty order continues to hold.

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A daily review of natural rubber futures and spot goods

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