[Natural Rubber]: Rubber Daily Journal (May 30)

Analysis of natural rubber market price on May 30

index

On May 30, the STR20 price index of natural rubber in the Qingdao market was US$1855/ton, an increase of 50 or 2.8% from yesterday.

market analysis

futures market

spot market

Supply:

Foreign: Thailand's raw material prices maintain an upward trend.

China: Today, raw material prices in Yunnan have increased across the board; the price of glue whole milk in Hainan has increased across the board, and the price of concentrated latex has increased by more than 1,000 yuan.

On the demand side: Semi-steel tire enterprises have started to start at a relatively high level, and some enterprises are actively scheduling orders for foreign trade snow tires, but shortages still exist; both domestic and foreign sales and shipments in the entire steel tire industry are sluggish, and the growth rate of enterprises 'inventories is accelerating, and some enterprises have plans to reduce production. In terms of market, some tire companies implement certain promotional policies, but the actual implementation effect is average.

Futures spot price list

market outlook

The spot supply of raw materials in China is relatively tight, and market prices have maintained an upward trend, which has good support for rubber costs; today, the price of natural rubber in China has increased significantly, and the market supply is relatively tight; the downstream tire industry has accumulated more inventories and the replenishment sentiment is not high. It is expected that the short-term natural rubber market will continue to operate at a high level.