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According to the monitoring data of the cable network, the spot price of domestic natural rubber standard rubber showed a slight upward trend
this month.
The average price of the Tianjiao market at the beginning of the month remained at about 14200 yuan / ton, and rose to about 14650 yuan / ton at the end of the month, and the overall increase was 450 yuan / ton, or 3.
17%.
This month, natural rubber merchants are more enthusiastic about shipments, the overall market atmosphere of natural rubber is better, and the transaction situation is better
than last month.
The reasons for the rise in domestic natural rubber prices are analyzed as follows:
First, on the macro front, the number of initial jobless claims in the United States for the week ended June 24 was 244,000, which was slightly higher than expected but still at a very low level, suggesting that the general trend of tightening the US labor market has not changed, and that consumer spending and economic growth will rebound
this quarter.
Second, in terms of market, in Guangdong, the price of natural rubber market rose by 400 yuan / ton, and the price of 3L including tax in Vietnam was 14100-14300 yuan / ton.
3.
In terms of inventory, as of June 15, 2017, the total rubber inventory in Qingdao Free Trade Zone was 278,800 tons, an increase of 02,800 tons or 1%
over the previous month.
In the first quarter, the large number of rubber warehouses led to an increase in the inventory of all major rubber varieties, and under the influence of this, the inventory of natural rubber and synthetic rubber increased
sharply in the past four months.
Fourth, in terms of demand, due to the weakening of the growth rate of fixed asset investment, the increasingly strict regulation of real estate and the impact of infrastructure construction is less than expected, the previously hot engineering vehicle market may "reduce the fire" in July and August, resulting in lack of
stamina.
In particular, the heavy truck industry, which had previously performed well, may turn into the off-season
in July and August.
Future market forecast: The preliminary analysis of this website predicts that due to the stimulation of favorable factors, the trend of Tianjiao in June is better
.
For the price trend of rubber in July, from the supply side, the market reduced prices to inventory, but the effect was not obvious, and social inventories were still high
.
It is expected that rubber spot quotations in July will not have much
room to rise.
