Increased spot supply Tianjiao prices increased slightly

Products: According to price monitoring, natural rubber prices rose
slightly this week.
At present, the fundamental market of Tianjiao has picked up slightly, but the supply pressure of Tianjiao market is still there, mainly due to the rise in the futures market this week, as of the closing price of the main contract on the 3rd is 10515 yuan / ton, the rise in futures market prices has driven the spot price of Tianjiao to rise
slightly.
The price of 15-year state-owned full latex in Shanghai is 10,400 yuan / ton; The 15-year price of Yunnan state-owned full latex in Shandong is 10400-10500 yuan / ton; The 16-year quotation of private full latex in Yunnan is 10,300 yuan / ton; The 14-year state-owned whole milk tax-free quotation in Hengshui is 10250 yuan / ton
.

Recently, Qingdao bonded zone rubber inventory rose slightly, as of May low inventory of 232,500 tons, up 1% from mid-May, ending the downward trend of three consecutive months, Shanghai futures tianjiao inventory increased by 757 tons to 320,600 tons, tianjiao market inventory reached a historical high, the recent domestic tianjiao market gradually cut, tianjiao spot supply increased, tianjiao spot price volatility
.

Industrial chain: Recently, Thailand gradually cut, Southeast Asian countries also have cutting news, domestic tianjiao supply has increased, the recent price of Thai raw materials has fallen slightly, as of June 2 Thai raw material price is 55.
72 baht / kg, the decline in raw material prices in the main producing countries has a certain negative impact
on the domestic tianjiao market.
Due to the large consumption of rubber tree glue for water, less rainfall will not produce rubber or less rubber, the recent drought market in Hainan area eased, Hainan new rubber supply pressure will also come up, supply tight advantage lost, will make rubber prices lose support, sky rubber prices or will remain low
.

Downstream tire market operation has declined, the domestic tire industry all-steel tire operating rate of about 71%, semi-steel tire operating rate of about 73%, downstream tire market operating rate has declined, the demand for upstream tianjiao has weakened, the demand for rubber slightly decline for rubber prices brought certain bearishness, tianjiao spot price hovering
at a low level.

Industry: Recently, the futures market has risen, the main producing country Tianjiao has gradually opened, and the spot market price of Tianjiao has fluctuated
at a low level.

The recent increase in spot supply of tianjiao, coupled with the downward trend in the domestic tire operating rate, there are certain speculation factors in the price increase of tianjiao market, and the actual demand has not improved significantly, and it is expected that the market price of tianjiao will fall
slightly next week.