SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Natural rubber News > News Detail
Natural rubber News
SunSirs: The Market is not Good, China Domestic Market of Natural Rubber Fell nearly 10% in October
November 02 2022 10:28:34SunSirs(Selena)

Commodity index: According to the monitoring of SunSirs, the natural rubber commodity index on October 31 was 33.12, down 0.92 points from yesterday, down 66.88% from the highest point of 100.00 (2011-09-01) in the cycle, and up 21.41% from the lowest point of 27.28 on April 2, 2020. (Note: Period refers to 2011-09-01 to now)

Commodity market: According to the monitoring of SunSirs, the main spot price of natural rubber (Baodao full milk) in East China was about 12,310 RMB/ ton on October 1, and 11,170 RMB/ ton on October 31, with a monthly drop of 9.26%. This price is not only the lowest since the same period in October 2021, but also the lowest since the same period in 2020. The market is very poor.

Industry: According to the monitoring of SunSirs, the current market atmosphere is empty, and the situation of supply exceeding demand is prominent. Supply: The global supply is stable, the current rubber production is still in the peak season, and the spot inventory continues to be high. Demand: The foreign demand continues to be sluggish, the tire enterprises' orders are limited, the operating rate is low, the tire inventory is high, the supply pressure is high, and the demand for natural rubber procurement continues to be weak. Import: Statistics show that the export volume of natural rubber from Thailand, the main producer, in the first three quarters of the year increased by about 1% to 870000 tons. The export volume of Vietnam in the first three quarters is expected to increase by about 50% year on year. As the largest consumer of natural rubber, China's import volume from the two countries in the first three quarters of the year is expected to increase by about 14% compared with last year. Exports: customs data show that China's tire exports fell in September on a month on month basis, and the year-on-year growth rate of export value also fell significantly. Inventory: By the end of last week, the number of arrivals had increased, and domestic port inventory and social inventory had rebounded slightly. In terms of replacement rubber, the price of mixed rubber has continued to decline recently, and the price difference between all latex and mixed rubber has continued to widen.

Future forecast: China's tire export was under pressure in the third quarter, and continued to fall back in September. At present, the market pessimism is spreading. Many exporters report poor sales in foreign markets, economic recession expectations, weak overseas demand, and the impact of multiple public health events on the industry continues to be negative. The supply is strong, the downstream demand of natural rubber continues to be weak, the market is pessimistic, and the export situation is poor. Excluding the factors of technical rebound, it is expected that the weakness of China natural rubber in the future market will continue in the short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products