[Natural Rubber]: Rubber Daily Journal (May 28)

Analysis of natural rubber market price on May 28

index

On May 28, the STR20 price index of natural rubber in the Qingdao market was US$1770/ton, up 25 or 1.43% from yesterday.

market analysis

futures market

spot market

Supply:

Foreign: Thailand's raw material prices have maintained an upward trend for a consecutive month.

China: Today, the raw material markets in Yunnan and Hainan are stable.

On the demand side: The order number of semi-steel tire enterprises is relatively stable, some export sources are waiting for shipment, the domestic market performs generally, and the overall delivery progress has slowed down; the start-up of all steel tire enterprises is significantly differentiated, and some enterprises are operating poorly, and the start-up remains low. In terms of the market, overall shipments in the tire market are average, production and sales are slightly unbalanced, and market inventories maintain a rising trend.

Futures spot price list

market outlook

Affected by rainfall and weather at home and abroad, the output of raw materials is insufficient, and the cost side maintains an upward trend, which supports rubber well. Today, dry rubber prices in Shandong and Shanghai have risen within a narrow range. The circulation of port goods is fast, and downstream inquiries are positive; the downstream tire industry has accumulated more inventories, and companies are not very enthusiastic about purchasing high-priced rubber raw materials. It is expected that the natural rubber market will operate in a volatile manner in the short term.