[Natural Rubber]: Rubber Daily Journal (May 11)
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May 11, 2024, 4:22 PM Analysis of natural rubber market price on May 11
market analysis
Supply:
Foreign countries: Rubber tapping in overseas raw material producing areas is poor, and market prices are constantly rising.
China: Affected by rainfall and weather, the growth rate of supply in China's raw material market has gradually slowed down.
On the demand side: The circulation of goods in the semi-steel tire market is slow, terminal demand is weak, and market inventories are increasing; all-steel tire traders give customers certain discounts to promote shipments, but the actual results are average. In terms of market, some tire companies plan to implement certain promotional policies or drive an increase in overall shipments.
market outlook
Affected by the weather, the rubber tapping process in raw material producing areas at home and abroad has been slow, the supply of new rubber in the market has continued to be low, and the market price has fluctuated at a high level, which has acceptable support for rubber costs. Today, China's natural rubber market prices are stable and rising, and the port inventory circulation is slow. Profits of concentrated milk in Thailand have shrunk, and profits in the Hainan market have increased; the starting load of the downstream tire industry has temporarily stabilized, mostly to digest inventories, and only maintain demand for raw material procurement has been maintained. The natural rubber market is expected to operate weakly in the short term.