[Natural Rubber]: Rubber Daily Journal (May 23)

Analysis of natural rubber market price on May 23

index

On May 23, the STR20 price index of natural rubber in the Qingdao market was US$1715/ton, which was unchanged from yesterday.

market analysis

futures market

spot market

Supply:

Foreign countries: Overseas raw material production is insufficient, and market prices are operating at high levels.

China: Yunnan's raw material prices have been raised again, while Hainan's raw material prices have remained stable.

On the demand side: Semi-steel tire enterprises started and operated smoothly, shipments of domestic and external sales slowed down, and order delivery cycles shrank; the starting load of all-steel tire enterprises was less than 70%. Due to poor shipments, the phenomenon of enterprises flexibly controlling production to reduce pressure increased. In terms of the market, raw material prices are operating at high levels, tire companies are under greater production pressure, and profit margins are significantly reduced.

Futures spot price list

market outlook

The progress of rubber tapping in the main raw material producing areas at home and abroad is slow, the market output is insufficient, and the market price is running at a high level, which provides strong support for rubber costs. Today, China's natural rubber market prices are stable and small, and merchants 'quotations are firm, but shipments are low, and downstream prices are high. The ability to receive high-priced raw materials is limited, and the market trading atmosphere is general; Affected by the market buying up and not buying down, the downstream tire and rubber products industry has good enthusiasm for inquiries, but the actual transaction performance is average. The natural rubber market is expected to operate in a volatile manner in the short term.