Strong support at the rubber cost side, marginal improvement in short-term demand.

  Yesterday, the rubber price continued its strong trend, the cost-side support was strong, and the short-term demand margin improved. The tire industry is expected to continue to recover and improve in June, but limited by the high inventory of finished products, the room for a substantial recovery is limited, and the short-term market will remain volatile. 

  In May 2022, the average purchase price of latex raw materials in Yunnan was 11.78 yuan/kg, a year-on-year decrease of 3.08% and a month-on-month decrease of 6.76%; the average purchase price of Biao 2 raw materials was 11.06 yuan/kg, a month-on-month decrease of 3.63% and a year-on-year decrease of 0.33%; The price was 9.75 yuan/kg, down 0% month-on-month and 5.29% year-on-year.

  In May 2022, the average sales price of all-latex rubber in Kunming was 13,015.79 yuan/ton, down 2.83% month-on-month and 7.59% year-on-year; the average sales price of No. 5 standard rubber was 12,026.32 yuan/ton, down 1.38% month-on-month and 2.89% year-on-year; The average sales price of standard rubber was 11,926.32 yuan/ton, down 1.39% month-on-month and 2.83% year-on-year; Qingdao's average sales price of whole latex rubber was 13,765.79 yuan/ton, down 2.68% month-on-month and 7.2% year-on-year; Shanghai's average sales price of whole latex rubber was 13,615.79 RMB/ton, down 2.71% month-on-month and 7.28% year-on-year.