The short-term price of natural rubber may rise slightly

The second round of public health incidents in Europe and the United States continues to ferment.

The US president's diagnosis of the situation has caused sharp rises and falls
in US stocks.
On October 6, the U.
S.
president halted bipartisan negotiations on a fiscal stimulus package until the end
of the election.
Minutes of the last meeting before November: Fed fears that lack of stimulus is hampering the recovery hint that future meetings may adjust bond
purchases.
In September, job creation in the United States was much lower than expected, highlighting the cooling momentum
of the recovery.
On 27 September, a new round of military clashes
broke out between Azerbaijan and Armenia in the Nagorno-Karabakh region.
Global commodities rose in general, with agricultural products rising the most
.

Frequent rainy weather in Hainan production area of China, rubber farmers' rubber tapping work is hindered, superimposed temperature drops, raw material output is small, factory raw materials and finished product inventory is low, factory raw material procurement willingness is strong, raw material competition phenomenon is obvious, pushing up raw material prices
.
The phenological conditions in Yunnan, China, are relatively normal, the supply of self-produced raw materials is relatively stable, the price of glue is temporarily stable, alternative indicators have entered the market one after another, but cost support still exists, and the high-end price of rubber blocks has fallen
slightly.

Downstream tire market, pre-holiday stocking is mainly concentrated in the second and third weeks of September, during the National Day holiday to digest pre-holiday stocking, during the festival there are constantly tire manufacturers issued price increase notices, including many domestic first-line brands, joint venture brands, the price increase range is 2%-5%, individual semi-steel tire brands price increase range of 7%.

In terms of the market, the first-level agents took the price of the goods to rise, and the shipment situation in the channel was general, and some agents said that they had digested the later orders in advance before the price increase, and the shipment decreased significantly
after the price increase.
In the short term, tire starts are high and stable, and the sustainability of foreign orders in the later period needs to be paid close attention
.

It is expected that short-term natural rubber stocks may rise slightly
.
After the "November" holiday, the risk aversion of funds cooled down, the enthusiasm for participation increased, the rainfall in the main producing areas at home and abroad promoted the raw materials were still tight to support prices, downstream tire starts were high year-on-year, orders remained stable and improving, price general news and September heavy truck sales maintained a sharp rise year-on-year to stimulate demand increase expectations, external futures prices rose sharply, etc.
supported the price of internal rubber, short-term natural rubber prices may rise slightly, RU main contract focus on the upper 13000 yuan / ton resistance, NR main contract focus on the upper 9800 yuan / t / tons of resistance
.