-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
According to the monitoring data of the cable network, the spot price of domestic natural rubber standard rubber showed a slight increase this week, and the average price of the natural rubber market on Monday remained at about 14,300 yuan / ton, and rose to 14,380 yuan / ton over the weekend, an increase of 0.
56%.
The overall trading atmosphere for natural rubber this week was better than last week
.
The reasons for the rise in domestic natural rubber prices are analyzed as follows:
1.
On the macro front, the International Monetary Fund (IMF) held a press conference in Beijing to introduce the preliminary conclusions and relevant information
of the 2017 Article IV consultations with China.
IMF First Deputy Managing Director Lipton said China is undergoing an economic transformation to transition to a sustainable growth path
.
The IMF will focus on what policies China needs to ensure a successful transition, with GDP growth of 6.
7 percent in 2017, up 0.
1 percentage points from its previous forecast of 6.
6 percent, and an average economic growth rate of 6.
4 percent
from 2018 to 2020.
2.
In terms of the market, the price quotation of natural rubber in Hengshui market rose by 200 yuan / ton, and the actual purchase of terminal products under the influence of environmental protection is scarce, and most of them are bought on demand, resulting in slow shipments of traders
.
Mainstream reference price: 15-year Yunxiang whole milk tax reference quotation 12800-13000 yuan / ton; 16-year quotation of Yunxiang whole milk is 13000-13100 yuan / ton; A small number of bid two quotations 12700-12800 yuan / ton; Imported glue quotations are scarce
.
3.
In terms of inventory, as of mid-June 2017, the total rubber inventory in Qingdao Free Trade Zone continued to maintain a growth momentum, according to statistics, the total inventory increased to 278,800 tons, an increase of 1%, and the growth rate slowed down
from the previous period.
4.
On the demand side, according to statistics, in May 2017, China's heavy-duty truck market sold a total of 93,000 models of various types, down 11%
from April (104,400 units).
In June, the downstream tire industry was better than the previous month, the backlog of finished tire inventory improved, and the demand for rubber terminals was further stimulated
.
5.
Future market forecast: The preliminary forecast of this website analysis shows that the current Tianjiao is gradually digesting inventory, and the oversupply situation has improved
.
Downstream demand has eased, and it is expected that the spot quotation of Tianjiao will remain weak
next week.
