Natural Rubber Market Price Analysis on May 22

Index

On May 22, the STR20 price index of natural rubber Qingdao market was 1715 US dollars / ton, up 20 from yesterday, an increase of 1.18%.

Market Analysis:

Spot market

On the supply side:

International market: The output of overseas raw materials is insufficient, and the market price is running at a high level.

Domestic market: The price of concentrated latex made in Yunnan was raised by 200 yuan/ton, and the price of raw materials in Hainan was stable.

On the demand side:

the operating load of semi-steel tire enterprises is high, the domestic sales and shipments of enterprises are not smooth, and the inventory of finished products maintains a growth rate; The operating load of all-steel tire enterprises is less than seventy percent, and due to poor shipments, the phenomenon of flexible production control by enterprises to reduce pressure has increased. In terms of the market, the price of raw materials is running at a high level, the production pressure of tire companies is greater, and the profit margin is significantly reduced.

Forecast for the future

The progress of rubber cutting in the main raw material producing areas is slow, the market output is insufficient, and the market price is running at a high level, which has a strong support for the rubber cost side; Today, the price of natural rubber in the domestic market is stable and rising, the social inventory maintains the trend of destocking, the number of small orders is acceptable, and the performance of port cargo transactions is tepid; Affected by the market to buy up and not buy down, the inquiry enthusiasm of downstream tire and rubber products industry has increased significantly, traders purchase mentality is acceptable, and it is expected that the short-term natural rubber market will fluctuate.