[Natural Rubber]: Rubber Daily Journal (May 31)

Analysis of natural rubber market price on May 31

index

On May 31, the STR20 price index of natural rubber in the Qingdao market was US$1795/ton, down 60 or 3.2% from yesterday.

market analysis

futures market

spot market

Supply:

Foreign countries: Thailand's raw material supply continues to be tight and will be difficult to alleviate in the short term.

China: Raw material prices in Yunnan maintained an upward trend today; raw material prices in Hainan remained stable at high levels.

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 the market, the trading atmosphere in the downstream tire market is relatively cold. Most merchants mainly digest inventory, and some agents continue to follow up sales policies to stimulate shipments.

Futures spot price list

market outlook

The supply of raw material markets at home and abroad is tight, and output has dropped significantly compared with the same period last year. The price of raw material market has increased significantly, which has a good support for rubber costs; today, the price of China's natural rubber market fluctuated and fell at a high level. Factory replenishment sentiment is more cautious, and the market trading atmosphere is relatively cold; The downstream tire industry has started to operate relatively smoothly, but the replenishment sentiment is not very high. It is expected that the natural rubber market will continue to operate at a high level in the short term.