News summary
Macroeconomic environment and supply-side boosts have driven natural rubber futures prices to risenewlywedgameThe spot market also benefited. The slow supply of new rubber in domestic and foreign production areas has led to an increase in raw material prices. In addition, the good pace of domestic de-warehousing has promoted the price focus.newlywedgamemove up. On May 22, the 22-year SCRWF price range in the Shanghai market was 14,050 - 14,150 yuan/ton, up 150 yuan/ton from last Friday. Although the pressure on new rubber on the supply side is limited, poor buying on the demand side may cause price shocks.
Newsletter text
[The natural rubber market is driven by macro positive factors and supply-side improvements, and prices are steadily rising]
The recent positive macroeconomic situation has injected vitality into the natural rubber market, and the rise in futures prices has also had a positive impact on the spot market.
The supply of new rubber in domestic and foreign production areas has grown slowly, the purchase cost of raw materials has increased accordingly, and the good domestic destocking progress have jointly pushed the price center of the natural rubber market to move upward.
As of May 22, the 22-year price range of SCRWF in the Shanghai market has increased to 14,050 - 14,150 yuan/ton, an increase of 150 yuan/ton from the previous Friday.
Although the pressure on new rubber on the supply side is relatively small and the domestic spot market continues to destock, which has brought strong bottom support to rubber prices, the poor performance of demand side buying may cause rubber prices to lack momentum for continued growth., showing a turbulent trend.
