Natural rubber, the price dropped to its lowest point during the year.

Since May, the spot market price of natural rubber has continued to fall to the bottom. Last week, the rubber futures fell from 13,000 to 12,735 yuan/ton at the weekend, and the futures price ushered in the low point of 2021.

Recently, due to the relatively stable weather in the rubber-producing countries, a large amount of raw materials are exported. However, the downstream market is actually not very stable. The operating rate of tire factories is low, maintaining above 60%, which will affect the demand for rubber.

Analysis of the industry, natural rubber is weak and the shock will continue, but there is still the possibility of rubber callback, and it should not fall below the 12,000 line in the near future.

Moreover, with the full vaccination, the demand for tires in the United States and Europe may increase more than expected, and the gradual implementation of major infrastructure projects in the United States will increase the demand for heavy-duty vehicles related to construction machinery.

The growth rate of automobile production and sales in the first 5 months exceeded 36%.

According to reports, from January to May, the production and sales of automobiles were 10.626 million and 10.875 million, respectively, an increase of 36.4% and 36.6% year-on-year. The China Automobile Association said that from January to May, the national economy continued to recover steadily, and the overall production and operation activities of enterprises continued to expand steadily. Among them, production rose steadily, emerging momentum was cultivated and strengthened, and the service industry resumed a stable and positive trend. In this context, automobile consumption has remained stable overall.