Natural Rubber Market Price Analysis(May 7, 2025)
On May 7, the STR20 price index of natural rubber at Qingdao market was 1,760 US dollars / ton, down 10 US dollars / ton from the previous trading day.
Market analysis
In terms of supply in the spot market:
Abroad: Thailand has entered a new round of rubber tapping season from north to south, but in the early stage of cutting, the amount of raw materials is small, and it is easy to be affected by rainy weather disturbances.
Home: Some areas of Yunnan and Hainan production areas in China have started to cut, but the current output is relatively small, and the price of raw materials is temporarily at a high level, among which there is a powdery mildew problem in some areas of Hainan production areas.
On the demand side
Most of the orders of semi-steel tires have declined, the pressure on production and sales of enterprises has increased, the overall inventory has shown a growth trend, and some enterprises have reduced their burden. Sales were slow in the month, corporate inventories continued to grow, and the overall sales were not as good as last month. The order performance of most enterprises of all-steel tires is less than expected, the shipping pressure increases, the overall inventory continues to be high, and the impact of the "Qingming" and "May Day" holidays is superimposed, and some enterprises have storage and maintenance arrangements.
Forecast for the future market
On the supply side, the current phenological conditions are good, the cutting area at home and abroad is gradually expanding, and the output of new rubber is expected to grow, but the short-term output release is still limited, and the price of raw materials is temporarily supported; In terms of downstream demand, downstream procurement is still dominated by rigid demand and low replenishment, the lack of effective improvement in demand, the lack of core benefits in rubber prices, and the overall short-term natural rubber may show a range-bound trend.
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