Rubber spot price performance is firm
At present, the production areas at home and abroad are in the rubber cutting period. Recently, rainfall occurred in Thailand and Yunnan producing areas, although the drought has eased, but the higher raw material prices have reduced the profit of processed products, and the spot price performance is firm. On the import side, the customs strengthened the supervision of the import of mixed rubber, and the imported rubber in May (12110, -105.00, -0.86%) showed a significant decline. In terms of inventory, stocks outside the bonded area have continued to decline recently, but exchange stocks are still at a high level. On the demand side, the overall situation of domestic tire factory construction has remained relatively good recently, but the decline in exports has been obvious this year, while domestic consumption has gradually entered the off-season, and the market demand is not optimistic.