[Natural Rubber]: Rubber Daily Journal (May 6)

Analysis of natural rubber market price on May 6

index

On May 6, the STR20 price index of natural rubber in the Qingdao market was US$1630/ton, up 25 or 1.2% from the previous working day.

market analysis

futures market

spot market

Supply:

Foreign: Vietnam's production areas are expected to start cutting in May, and Thailand's new rubber production is low.

China: Most areas of Yunnan and Hainan are normally cut.

Demand: Most semi-steel tire companies schedule production normally, and the number of holiday companies is significantly lower than the level of the same period in previous years. The fact that export orders remain active has supported China's semi-steel tire production; many all-steel tire companies have arranged to stop work for maintenance, and the number of maintenance companies is higher than the same period last year. level. In terms of the market, the tire market price policies are mostly stable and have not changed much.

Futures spot price list

market outlook

There are many cutting stops in overseas raw material production areas, and the market supply is relatively low; most production areas in China have started cutting, and the market supply is slowly increasing, and the market price is operating at a high level, which provides reasonable support for rubber costs; today, the price of China's natural rubber market is stable and small., the market supply pressure is high; the downstream tire and rubber products industry purchases after the holiday are mainly based on just demand, and the receiving volume is limited. It is expected that the natural rubber market will operate weakly in the short term.