Up 200! On the last day before the holiday, upstream companies began to make small moves again. Yesterday, some individual factories in Shandong quoted DMC at 11500 yuan/ton, tentatively increasing by 200 yuan. The occurrence of this bottom rebound phenomenon to some extent reflects the improvement in the acceptance of orders by individual factories. However, the willingness of middle and downstream companies to chase after price increases and replenish positions is not strong, and the rebound market is unlikely to follow up so quickly. Currently, middle and downstream companies are still laying out at low prices according to the plan. After a slight rebound in the upstream, various companies have restrained their price pressure on inquiries, and individual factories have also raised prices with the support of pre-sale orders. In the future, individual factories in Shandong will be the first to release signals of DMC rebound. Although other manufacturers have not yet formed a trend of following suit, they are likely to show a trend of following suit under the pressure of losses. It is expected that the DMC market will remain stable with a moderate increase in the next two days and early May.
Raw rubber market: Local DMC rose by 200, launching a probe into downstream markets. However, raw rubber companies have not made significant moves yet, as they have made concessions and completed transactions. Although raw rubber orders have improved, the first round of orders this month is concentrated in leading factories, and other individual factories have limited orders. In the atmosphere of bottom fishing last week, some individual factories have also received a wave of replenishment orders through negotiations. Looking at this week, the phased replenishment of rubber mixing enterprises is gradually coming to an end, and the price rebound is difficult to stimulate rubber mixing enterprises to continue chasing up prices and replenishing positions. Before early May, the transaction situation in the raw rubber market is likely to return to a flat state. As of April 29th, the mainstream quotation for raw rubber is 12700-13200 yuan/ton, a monthly decrease of 2100 yuan, a decrease of 13.5%, a month on month decrease of 4.05%, and a year-on-year decrease of 3.02% compared to last year;
In the short term, the efforts to replenish inventory before the holiday have weakened. However, raw rubber factories have received a wave of pre-sale orders through low prices, which has provided some price support. Some manufacturers have also remained stable on the surface or temporarily stopped quoting, and the actual oversold transaction prices may even be adjusted. It is expected that the raw rubber market will continue to operate steadily after the holiday.
Rubber mixing market: Raw rubber prices remain stable, and it is difficult for rubber mixing enterprises to make significant adjustments to their prices. As of April 29th, the mainstream price of rubber mixing is 12300-12800 yuan/ton, a monthly decrease of 1300 yuan, a decrease of 9.22%, a month on month decrease of 3.79% compared to the previous month, and a month on month decrease of 5.45% compared to last year.