[Natural Rubber]: Rubber Daily Journal (June 5)
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June 5, 2024, 4:37 PM Analysis of natural rubber market price on June 5
index
On June 5, the STR20 price index of natural rubber in the Qingdao market was US$1760/ton, up 5 or 0.3% from yesterday.
market analysis
futures market
spot market
Supply:
Foreign countries: Thailand's raw material output is low, and market prices are high and volatile.
China: Today, raw material market prices in Yunnan increased slightly, while raw material market prices in Hainan fell within a narrow range.
On the demand side: Semi-steel tire enterprises have started and operated stably, shortages of some models of tires still exist, and the overall shipment performance is acceptable; all-steel tire enterprises have more production control, and the overall operating rate has declined. In terms of the market, production and sales in the downstream tire industry are slightly unbalanced, and corporate operating pressure is great. Most companies actively adjust price policies to promote shipments.
Futures spot price list
market outlook
The weather in raw material production areas at home and abroad has changed greatly, and it is difficult to increase raw material output. The raw material market prices have remained high, which has strong support for rubber costs. Today, China's natural rubber market prices are mixed, and the on-site trading atmosphere is relatively deadlocked. Most of the offer prices are mainly shipped; the downstream tire industry is still in the seasonal off-season. Most companies mainly digest inventories, and inquiries and purchases are low. The natural rubber market is expected to consolidate in the short term.