5月青岛地区深色胶行情先涨后降

Group 1 - The core viewpoint indicates that the Qingdao region's imported natural rubber market is experiencing a weak oscillation after a price increase, with STR20 spot prices reported at $1770-$1785 per ton, up 3.51% from late April, and Thai mixed prices around 14,400 RMB per ton, up 1.55% [1] - In early to mid-May, the market saw price fluctuations due to rising overseas raw material prices, strong futures, and a weaker USD against RMB, which boosted domestic prices [1] - Despite the positive macroeconomic developments from US-China trade negotiations, tire manufacturers maintained a cautious purchasing stance, leading to a lack of market confidence and a subsequent price correction towards the end of May [1] Group 2 - As of mid-May 2025, natural rubber inventory in Qingdao increased year-on-year by 16.78% in general trade warehouses and by 29.07% in bonded zones, influenced by lower purchasing activity from tire factories [2] - The market outlook for June suggests potential downward pressure on natural rubber prices due to increased upstream production and a seasonal decline in demand, with a focus on weather conditions affecting rubber tapping [2] - The market sentiment remains cautious due to weakening orders and uncertainties in the macro market, indicating that trading conditions may not improve significantly [5]