Tianjiao period price loose tires company's holiday reserve database busy

According to the Futures Daily reported on September 22, “Since this week, domestic natural rubber prices have been relatively weak, and we have also entered a batch of raw materials one after another.” A person in charge of the company’s procurement department told reporters that the price of natural rubber fell continuously, and spot prices also had Being loosened and approaching the eleven long holidays, the company’s recent purchases are also intended to prepare for post-holiday production in advance.

In an interview, the reporter found that there are obviously not a few tire companies with similar ideas. A senior industry official confirmed to the Futures Daily reporter that on Tuesday (20th) after the domestic natural rubber futures fell sharply, the low spot buying activity became active again. Some tire companies started to purchase raw materials and the market sentiment weakened. .

Pre-holiday raw material procurement helped rubber rebound

Obviously, the tire companies' make-up store behavior also supports the spot price of natural rubber. On the 21st, the 1201 contract on the last day of Tianjiao’s main strength reversed the V-shaped reverse market. In terms of the spot market, the price of tires with rubber No. 20 has slightly increased, and the downstream manufacturers are mostly waiting and seeing. The purchase intention is not strong.

"It is customary for tire companies to make up the inventory before the National Day holiday." China's international futures analyst Chen Zhangzhu believes that generally after entering the fourth quarter, domestic automobile production and sales will usher in the peak season, and tire manufacturers will also increase the demand for days of collagen materials. It is also taken for granted.

Fu Bing, manager of Ningbo Shanshan's rubber trade department, said that since August, the domestic tire industry has clearly been better than the previous months of June and July in terms of domestic sales and exports. The strong demand for downstream raw materials also formed a support for natural rubber prices, which is the reason why spot prices have been relatively firm recently.

Tire companies respond cautiously

For the tire industry, the National Day holiday seems to be "a cane." On the one hand, the sales season after entering the fourth quarter is expected, but on the other hand, the price of natural rubber makes it difficult to understand.

"At the moment, there are a lot of people who dare to buy, and the willingness to chase is not strong." Chen Zhangzhu told the Futures Daily reporter that the cautious attitude of downstream companies is mainly concerned with macroeconomic uncertainties. At present, the European debt crisis and the new trends in the bailout policy, the resolutions of the Fed’s meeting on interest rates are still unknown, and downstream companies will be cautious in making up their inventories. In addition, the current bank credit is more difficult, and the capital status of downstream companies is still relatively tight, which also restricts the size of tire companies when making up the bank.

"Although the current market trend is uncertain, but tire companies should consider buying on the bargain." The senior industry figures believe that since the beginning of this year, natural rubber prices have remained high volatility, the domestic tire industry raw material inventory level is generally low, fill the internal reservoir Stronger power. At the same time, after experiencing a surge in prices, the natural rubber price center has shifted significantly, and the tire industry's ability to accept price ranges has increased. In addition, September-October is the supply of off-season, consumer season, the price is strong over the years, it is recommended that downstream manufacturers buy on a bargain.