Spot information: The price of domestically produced latex (WF) has risen. East China: 12,300 yuan / ton, North China: 12250 yuan / ton, and Southwest China: 12250 yuan / ton. TSR20 (No. 20 plastic) price rose: 11,250 yuan / ton. The market price of Hat Yai in Thailand rose, with 34.8 cups of glue, 39.7 glues, 43.39 tobacco slices, and 39.55 baht per kilogram of raw rubber.
Market analysis: The main producing areas of Thailand, Indonesia, and Malay were affected by fungal diseases, and the production was severely reduced. The three countries have reduced their annual rubber output this year, but overall rubber supply is still sufficient, and excessive speculation should be prevented. On the demand side, the initial intention of the China-US trade agreement was reached, which has a positive effect on the downstream mentality. At the same time, the bottom of the automobile industry has begun to rebound, the demand for tires has increased, and the sales of heavy trucks have also passed. Operational recommendations: The downstream demand improves and the supply declines, and natural rubber fluctuates upward. Concerned about Tianjiao 05 contract range of 12200-13500 yuan / ton.
Translated by Google Translator from http://www.cria.org.cn/newsdetail/52587.html