Natural Rubber Market Price Analysis on April 29

Index

On April 29, the STR20 price index of natural rubber in Qingdao market was 1610 USD / ton, unchanged from the previous working day.

Market analysis:

On the supply side

Abroad: Vietnam's production area is expected to start cutting in May, and Thailand's raw material output is low.

Domestic: After the rainfall in Yunnan producing areas, some areas are harvested normally, and most producing areas are still stopped.

On the demand side: semi-steel tyre enterprises mostly maintain a high-load operation, enterprise production and sales remain high, overseas orders maintain strong support, and some types of tires are out of stock; Some all-steel tire companies carried out reduce production and maintenance work at the end of the month, and the capacity utilization rate decreased slightly. In terms of the market, the tire market price policy has mostly been stable and has not changed much for the time being.

Forecast for the future market

There are many cutting stoppages in raw material production areas at home and abroad, the market supply is relatively low, and the market price is running at a high level, which can support the rubber’s cost side; today's domestic natural rubber market prices are mixed, and the market supply pressure is greater; the downstream tire and rubber products industry demand is not good, the amount of goods is limited, and the short-term natural rubber market is expected to run weakly.