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On August 6, 2021, the Shanghai rubber shock was adjusted upwards, with a range of about 200-250 yuan / ton, and the price of spot rubber was adjusted
with the market.
According to foreign media reports, the British automotive industry agency said that due to supply shortages and self-isolation caused by the epidemic, the country's new car sales fell 29.
5% in July, falling to the lowest July sales level
since 1998.
The German Automotive Authority (KBA) said new car registrations in Germany plunged 25 percent to 236,393 in
July.
Qingdao Zhongqinglian International Trade Co.
, Ltd.
natural rubber spot rubber price increased by about 200-250 yuan / ton: 19 years Baodao whole milk quotation 13350 yuan / ton, 19 years Guangken whole milk quotation 13300 yuan / ton, 19 years Sinochem whole milk quotation 13300 yuan / ton, 19 years Yunxiang whole milk quotation 13380 yuan / ton, 19 years Vietnam 3L rubber quotation 13050 yuan / ton, Thailand No.
3 Hong Manli tobacco sheet new rubber quotation price of about
18950 yuan / ton.
At present, the global market is facing a new round of epidemic tests, there are systemic risks in the commodity market, under the shadow of the bearish atmosphere, the demand outlook is not optimistic, and the downward probability of natural rubber prices under pressure is large
.
In August, the main producing areas of Southeast Asia on the supply side will continue to increase seasonally, and the current outbreak of the epidemic in Southeast Asia may have a certain impact
on rubber tapping in major producing countries.
The demand side is still the most important factor suppressing the market, and the high-temperature power rationing production in August still interferes
with tire starts.
The fundamentals still lack core logic, making it difficult for prices to present a trending unilateral market
.
At present, the operating rate of domestic tire factories has also fallen to a low position, and it is expected that after the off-season in August, the operating rate will usher in a recovery, and the short-term continued decline is limited
.
Therefore, the current focus is on the supply side, but due to the disruption of the epidemic, the domestic arrival volume is less, which is reflected in the continuous decline
in port inventory.
Since last week, Thai raw material prices have also begun to rebound, and the support of costs and inventories may make rubber prices continue to rebound
.
