Rubber supply growth Market demand recovered steadily

Global natural rubber consumption will continue to recover, although the third round of the global epidemic outbreak, but the number of new cases in Europe and the United States is currently declining, and with the promotion of follow-up vaccines, the economic recovery of developed countries, as the main consumer market for rubber, will continue
.

The domestic market has performed well, of which domestic demand is mainly driven by the consumption of heavy trucks, and it is expected to continue high growth
in the future.
The export market is more optimistic, and in the case that the epidemic situation in Thailand, Malaysia and East Asian countries is still not under control, China's exports of rubber tires, automobiles and medical gloves will remain high
.

Overall, in May, the supply of tianjiao increased, demand recovered steadily, supply and demand support was acceptable, rubber prices bottom consolidation or upper shock, domestic Yunnan, Hainan production area has been cutting for a while, although the early stage of cutting, glue output is small, but Yunnan Banna part of the rubber garden powdery mildew is serious, hindering the rubber tapping process, raw material prices continue to be strong, it is expected that the full cutting will be postponed to mid-May after, Hainan area full cutting time in early May or so
.
Vietnam, northern Thailand, and Malaysia have all been cut, and the main producing areas in southern Thailand will be cut in mid-May, and the supply will be high or in late May
.
It is expected that the initial arrival of new rubber will not be much, and the inventory is still in the destocking stage
.