Analysis of natural rubber market trend in April

Market analysis: April Tianjiao market price rises, due to the strong rebound of crude oil prices, Tianjiao futures prices rose sharply, the closing price of the main contract 1609 on the 29th was 12755 yuan / ton, driven by the futures market price, the spot market price of Tianjiao rose
sharply.
The main production area of tianjiao Southeast Asia has been in the stage of stopping, the price of natural rubber raw materials in Thailand continues to rise, on the 28th, the spot price of USS3 rubber in the three central markets of Thailand was reported at 60.
17-60.
60 baht per kilogram, and the price of rubber raw materials in Thailand rose to form a certain support for the domestic rubber market price
.

Domestic natural rubber stocks fell slightly, as of mid-April, Qingdao Free Trade Zone inventory was 248,300 tons, down 3.
4% from the end of March, as of April 22, the previous inventory was 293,100 tons, an increase of 56000 tons from the beginning of March, the recent inventory of tianjiao market has decreased, and the market price of tianjiao has risen
.

The price of raw materials in countries such as Thailand and India, the main producing areas of natural rubber, rose slightly, and recently the main producing areas of Southeast Asia and other countries suffered the most serious drought, the economy was affected, Southeast Asian countries were recently in the stage of suspension, the supply of tianjiao has decreased, and the market price of tianjiao has continued to rise; As of April 22, the operating rate of all steel tires was 71.
54%, and the operating rate of semi-steel tires was 75.
96%, and the slight increase in the downstream tire operating rate brought certain benefits to the Tianjiao market, but the domestic tires were affected by the United States double-reverse, and the tire exports did not improve, which is a major negative impact on the demand side, but the high level of tire starts increased the demand for Tianjiao, and the market price of Tianjiao rose sharply
.

Industry: Manufacturing data rebounded, affected by the rebound in crude oil prices in April, the price of Tianjiao futures market rose this month, and the spot market improved
.

At present, the domestic tianjiao inventory has decreased, in May Hainan area will also be cut, the supply side will be a certain bearish impression, coupled with the domestic tire industry continues to rise pressure, it is expected that the rubber market price in May to maintain volatility, spot prices will be 12400-12700 yuan / ton
.