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More rains in some producing areas in Southeast Asia, natural rubber prices fluctuate

According to the Xinhua·Hainan Agricultural Reclamation-Natural Rubber Series Price Index, from September 14 to September 27, the price of natural rubber fluctuated upward due to heavy rainfall in parts of Southeast Asia.

On September 27, the price index of standard rubber (TSR20) reported at 1151.95 points, up 0.80% from the previous issue (September 13, the same below); the price index of mixed rubber (20#) reported at 1124.66 points, up 2.42%; the price of concentrated milk The index reported 990.38 points, an increase of 2.31%; the natural rubber latex price index reported 948.85 points, an increase of 0.84%.

In terms of prices, the average prices of standard rubber, mixed rubber, concentrated latex and natural rubber latex fluctuated upward. The average price of standard rubber (TSR20) fluctuates in the range of 1668.99-1711.57 USD/ton; the average price of mixed rubber (20#) fluctuates in the interval of 1637.57-1692.43 USD/ton; the average price of concentrated milk fluctuates in the interval of 8770-8870 yuan/ton; The average price of natural rubber latex (discounted dry) remained within the range of 11961.25-12361.25 yuan/ton.

On the supply side, tapping progress was hindered by the heavy rainfall brought by the typhoon in Southeast Asian production areas. In particular, floods occurred in some production areas in Thailand. Raw material prices have rebounded. Superimposed shipping schedules have been delayed more severely, and overseas raw material supplies have been tight as a whole. In the domestic Hainan production area, there has been more rain recently, and the output of raw materials has been hindered. The phenological conditions in Yunnan are better, and the output of raw materials is normal.

On the demand side, due to the shutdown of some factories during the Mid-Autumn Festival holiday, and the superimposed power rationing in some areas of Shandong, the tire factory’s operating load remained low. As of September 23, the starting load of all-steel tires of tire companies in Shandong was 55.76%, down 2.74 percentage points from the previous week, and 18.76 percentage points from the same period last year; domestic tire companies’ semi-steel tires were 52.57%, down from the previous week. A decrease of 0.16 percentage points, a decrease of 17.76 percentage points from the same period last year.

In terms of automobiles, according to data from the Federation of Passengers, the average daily market retail sales in the third week of September reached 43,000 vehicles, down 14% year-on-year, showing a relatively weak performance; the overall sales in the first three weeks of September dropped by 13% year-on-year, and the retail trend was relatively flat. . In the later period, as domestic retail sales in areas where sales have been blocked by the epidemic rebounded, the suppressed demand for car purchases may gradually recover.

Comprehensive analysis shows that on the supply side, the epidemic situation and climate have a certain impact on the output of raw materials in the main production areas at home and abroad. However, with the arrival of the peak production period in the main production areas in Southeast Asia, the overall supply will be loose in the future; on the demand side, some factories plan to suspend operations during the National Day holiday Holidays, superimposed on the impact of external factors such as environmental protection and power curtailment, tire operating load may remain low, automobile retail trends are flat, overall demand is still weak, and the recent increase in bulk commodity prices has supported rubber prices. Natural rubber prices are expected to be short-term Maintain a range of shocks.

Translated by Google Translator from http://www.cria.org.cn/newsdetail/61888.html

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