Tight supply and demand is still rising rubber prices space

U.S. crude oil prices and a rebound, leading to international and domestic industrial futures dropped as a whole, and when currency exchange rates and related varieties of crude oil and gradually reduce the impact of the trend, the movement of goods subject to re-own the relationship between supply and demand factors.
For rubber, and last week this week to digest and absorb the financial and speculative factors that bad, and 22 appeared after the market limit, 23 by rubber inside and outside the city of tight supply and strong again, the high price period of strong regional shocks; 24 Also in the trading day closed, 25, another record high, which RU608 main contract hit a high of 27,545 yuan.
Global supply tensions. Although in theory self-producing areas in Southeast Asia in May from tapping into the season, but Thailand and Malaysia experienced continuous rainfall areas of climate, leading to disruption tapping forced to suspend operations; at the same time increased violence in southern Thailand, assailants shot and killed Muslims tapping workers, sparked panic ; Thailand's central market of the three major daily supply of around 100 tons of up and down the addition and changes in Indonesia have yet leaves the end of the dry season, the supply of rubber has not yet reached the level of the peak season. Vietnam rubber production has been restored, has not yet reached the peak level of supply is more limited scale.
The domestic front, producing areas in Hainan last year as a result of Typhoon Damrey caused more damage to scholaris, stop at the cut, part of the scholaris maintenance, and only a small amount of normal scholaris tapping, the current market size of less than 400 tons. Yunnan is only suitable for areas in the context of climate, the gradual expansion of market size, approaching tons per day. Can determine, in Southeast Asia producing areas in Hainan and tapping season will be postponed to June. Rubber supply, consumption will not only lead to speculative purchases and the will to strengthen and lead to the supplier for the implementation of the contract, active buying of raw materials, buying power of the market significantly enhance and promote both within and outside the spot rubber prices continued to rise.
Rigid consumption growth. Global economic growth led to the steady development of the automotive industry, tire manufacturing industry has increased at the same pace.
According to the Rubber Industry Association reported this year, the U.S. tire demand will grow 1 percent to about 1.7 percent, an increase of 3,800,000 to 325,000,000. According to the latest National Bureau of Statistics data showed the domestic tire production in April year-on-year growth of 12.6 percent to 34,962,100, 1-April cumulative production of tires 130,130,000, an increase of 16.3 percent. In accordance with the scale of these projections, the annual tire production will reach 390,130,000, as in China, the world's largest rubber consumption, consumption of international and domestic factors in the trend of rubber prices have a decisive role in both.
This shows that despite international and domestic rubber prices continue to rise unilateralism, the global tire not only failed to reduce consumption, growth will remain rigid. This judge, consumer demand for rubber will also increase rigidity, rubber and constitute a strong impetus to the trend.
Looking afternoon, the dollar rebounded as a result of supply and demand and profits more than double benefit and the role of high vibration, will have a strong Hujiao more boost, having Dong Jingjiao new heights, Hu Jiao challenge before the break and the possibility of high resistance will be a growing The greater.