[Natural Rubber]: Rubber Daily Journal (July 14)
114,595 
July 17, 2023, 4:34 PM Analysis of natural rubber market price on July 17
index
On July 17, the STR20 price index of natural rubber in the Qingdao market was US$1330/ton, down US$10/ton from the previous trading day, or 0.75%.
market analysis
futures market
|
date |
Previous period: RU Futures |
||||||
|
main contract |
closing price |
||||||
|
opening price |
Low-end price |
High-end price |
closing price |
RU01 |
RU05 |
RU09 |
|
|
on July 17 |
12530 |
12110 |
12555 |
12125 |
13050 |
13000 |
12125 |
|
July 14 |
12435 |
12345 |
12510 |
12480 |
13315 |
13255 |
12480 |
|
rise and fall |
95 |
-235 |
45 |
-355 |
-265 |
-255 |
-355 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
on July 17 |
9355 |
9500 |
9920 |
9355 |
|
July 14 |
9520 |
9675 |
10090 |
9520 |
|
rise and fall |
-165 |
-175 |
-170 |
-165 |
spot market
Supply:
Foreign countries: Rainfall in foreign production areas has moderated, and raw materials are in a state of high volume, which has led to a narrow decline in raw material prices. However, the overall volume is limited, which still provides support for raw material prices.
China: China's production areas are basically in the stage of cutting and increasing production. The recent rainfall in Yunnan production areas has not been significantly alleviated, and the expected amount of glue has been blocked. According to the weather forecast, Hainan production areas may be affected by typhoons in the near future, with increased rainfall and windy weather.
|
price type |
July 14 |
on July 17 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
43.5 |
43 |
-0.5 |
baht/kg |
|
cup glue |
39.95 |
39.65 |
-0.3 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
11200 |
11200 |
0 |
Yuan/ton |
|
|
rubber block |
11300 |
11300 |
0 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
10800 |
10700 |
-100 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
10800 |
10700 |
-100 |
Yuan/ton |
||
Demand: At present, the start-up of enterprises is still at a relatively high level, and the volume of foreign trade orders is sufficient. Some enterprises have a small number of domestic orders for snow tires. Most enterprises are in a full position. The shortage of domestic tires in all four seasons is more obvious. In terms of the market, the market demand for four-season tyre replacement has weakened, and merchants at all levels have low enthusiasm for replenishing goods, mainly digesting inventory.
Futures spot price list
|
price type |
July 14 |
on July 17 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
12200 |
12100 |
-100 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1340 |
1330 |
-10 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
10590 |
10420 |
-170 |
Yuan/ton |
|
|
Ningbo |
Hainan |
8000 |
8000 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
9000 |
9000 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1890 |
1705 |
-185 |
Yuan/ton |
|
|
Main force-China All Latex |
280 |
25 |
-255 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.1488 |
7.1798 |
0.031 |
Yuan |
|
|
Thai Baht to RMB |
0.2135 |
0.2141 |
0.0006 |
Yuan |
||
market outlook
Release from China's Yunnan production areas is still not smooth, Hainan production areas may be affected by typhoons in the near future, and El Niño weather will also have an impact on domestic and overseas supplies, with supply support. Downstream tire companies will remain relatively high in the short term, but the actual market shipments are still in a relatively weak state. Some merchants continue to digest inventories mainly. Coupled with the fact that the current social inventories of Qingdao Port still have accumulated pressure, there is certain pressure on the rubber plate to rise. Only the cost support is relatively weak.