[Natural Rubber]: Rubber Daily Journal (May 17)

Analysis of natural rubber market price on May 17

index

On May 17, the STR20 price index of natural rubber in the Qingdao market was US$1685/ton.

market analysis

futures market

spot market

Supply:

Abroad: The weather in Thailand is gradually improving, but the growth rate of raw material output is unlikely to increase in the short term.

China: Raw material prices in Yunnan and Hainan remained stable today.

Demand: The capacity utilization rate of semi-steel tire enterprises this week was close to 80%, a slight increase from last week, up 2 percentage points year-on-year; the capacity utilization rate of all-steel tire enterprises this week was 6 points, up 13 percentage points month-on-month, down 2 percentage points year-on-year. In terms of the market, the demand for tire replacement at home and abroad has performed poorly. Recently, some tire companies have flexibly controlled production in order to reduce pressure.

Futures spot price list

market outlook

The rubber tapping process in raw material production areas at home and abroad is slow, and the shortage of market supply is difficult to alleviate. Raw material prices are running at high levels, which provides good support for rubber costs. Today, China's natural rubber market prices are rising, social market inventories continue to be eliminated, and the overall decline is slow; Downstream tire companies are in the seasonal off-season, and the purchasing atmosphere of rubber raw materials is flat. It is expected that the natural rubber market will operate steadily in the short term.