Analysis of natural rubber market trend this week (4.18-4.22)

This week, the price of natural rubber rose
.
At present, the fundamentals of Tianjiao are warming up, but the supply pressure of Tianjiao market is still there, the futures market price rose sharply this week, as of the 21st main contract closing price of 12930 yuan / ton, the rise of futures market prices led to the spot price of
Tianjiao.
The price of 15-year state-owned full latex in Shanghai is 12,700 yuan / ton; The 15-year price of Yunnan state-owned full latex in Shandong is about 12,700 yuan / ton; The 15-year private full latex quotation in Yunnan was 12400 yuan / ton; The 14-year state-owned whole milk tax-free quotation in Hengshui area is 12,500 yuan / ton
.

Recently, Qingdao bonded zone rubber inventory slightly lower, as of mid-April inventory of 248,300 tons, Shanghai futures tianjiao inventory increased by 2,941 tons to 290,900 tons, tianjiao market inventory pressure is still in place, the recent futures market price is higher, tianjiao spot price followed
.

Recently, Thailand is still in the stage of suspension, coupled with the impact of regional policies such as Thailand, the price of tianjiao in the main producing areas has continued to rise
this week.
Recently, the supply of tianjiao market has decreased, the Thai raw material market is still rising slightly, coupled with the drought and lack of rain in Southeast Asia, rubber production has decreased, and the market price of Thai rubber raw materials has risen, forming a certain cost support
for the domestic tianjiao market.

The downstream tire market has improved, the operating rate of all steel tires in the domestic tire industry has increased to about 72%, the operating rate of semi-steel tires is about 76%, and the operating rate of the downstream tire market has risen, but the demand for rubber in the tire industry is still based on rigid demand, and the slight rise in demand has formed a strong support for rubber prices, and the spot price of tianjiao has risen
.

Recently, the futures market has been affected by the strong rise in crude oil prices, the price of futures products has risen sharply, and the spot market price of tianjiao has risen
.
However, the continued favorable support in the later period is insufficient, and it is expected that the market price of tianjiao will be rationally corrected
in the later period.