Natural rubber market in May recalled

In May this year, domestic natural rubber and rubber RSS3, Indonesia SIR20 standard rubber prices steady pick-up in domestic production, sales price rose faster than the beginning of the end of the price rose almost nearly thousand dollars.

Main producing areas in the domestic market, Hainan SCR5 average price of 12,922 yuan / ton higher than in April rose 1 percent, the highest price reached 13,477 yuan / ton, on the whole transaction a total of 9952 tons; Shanghai, the average sales price of 13,029 yuan / ton, In April rose 1.6 percent, the highest price of 13,800 yuan at the end of the / t; foreign RSS3 main producing areas in Thailand in May the average price of 1349 U.S. dollars / ton, the lowest price from the beginning of 1317 U.S. dollars / ton and gradually rose to the highest price at the end of 1397 U.S. dollars / T; Indonesia SIR20 standards for the average price of rubber in May 1225 U.S. dollars / ton, the lowest price from the beginning of 1210 U.S. dollars / ton rose to the highest price at the end of 1240 U.S. dollars / ton. Imports, in May this year, total imports of natural rubber 10.5319 million tons, more than 23% decline in April.

Experts of the Ministry of Agriculture, due to China's Hainan, Yunnan and the main producing areas in Southeast Asia, the main producing countries continued drought, rubber planting area in Yunnan scale insects serious, resulting in a substantial reduction of natural rubber, is the main reason for price increases. In addition, after the Chinese New Year demand in the domestic manufacturing enterprises increased considerably, and the increase in the consumption of inventory. Treasury futures point by the end of May compared with April's stock fell 32.2 percent, aggravated by supply and demand.