91,571
November 22, 2023, 4:57 PM
Analysis of natural rubber market price on November 22
index
On November 22, the STR20 price index of natural rubber in the Qingdao market was US$1485/ton, down US$15/ton from the previous trading day, or 1.00%.
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
|
|
November 22
|
14105
|
13875
|
14115
|
13925
|
13925
|
14120
|
14215
|
|
November 21
|
14420
|
14030
|
14470
|
14090
|
14090
|
14265
|
14315
|
|
rise and fall
|
-315
|
-155
|
-355
|
-165
|
-165
|
-145
|
-100
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
November 22
|
10600
|
10600
|
11075
|
11460
|
|
November 21
|
10735
|
10735
|
11200
|
11460
|
|
rise and fall
|
-135
|
-135
|
-125
|
0
|
spot market
Supply:
Foreign countries: Rainfall weather in foreign production areas has eased, and some areas have begun to increase in a narrow range. A few areas still have the impact of rainfall, and raw material prices fluctuate within a narrow range.
China: Weather conditions in China's production areas have returned to normal, raw material output has also gradually recovered, and Yunnan's production areas are close to stopping cutting, and raw material prices are relatively firm.
|
price type
|
November 21
|
November 22
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
51.9
|
51.9
|
0
|
baht/kg
|
|
cup glue
|
46
|
45.55
|
-0.45
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
11900
|
12000
|
100
|
Yuan/ton
|
|
rubber block
|
9800
|
9800
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
11900
|
11900
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
11900
|
11900
|
0
|
Yuan/ton
|
On the demand side: Market transactions are sluggish, agents are not enthusiastic about getting goods, and mainly digest pre-period inventory. Most brand agents have completed their annual tasks, and their current willingness to replenish stocks has been further weakened. Regular models are mainly replenished, and their bearish attitude towards the market outlook has intensified.
Futures spot price list
|
price type
|
November 21
|
November 22
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13383
|
13017
|
-367
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1500
|
1485
|
-15
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
12130
|
12040
|
-90
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
9600
|
9600
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
10350
|
10300
|
-50
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1960
|
1885
|
-75
|
Yuan/ton
|
|
Main force-China All Latex
|
707
|
908
|
202
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.1515
|
7.1549
|
0.0034
|
Yuan
|
|
Thai Baht to RMB
|
0.2074
|
0.2069
|
-0.0005
|
Yuan
|
market outlook
The overall supply of natural rubber in the main producing areas of Southeast Asia is seasonal. The peak season of cutting is conducive to the release of raw materials. However, the recent impact of rainfall in the producing areas is still affected, and raw material prices have remained high. China's Yunnan producing areas have gradually entered a cut-off period, and the purchase price of raw materials The performance is firm, and there is still support at the bottom of rubber prices. Coupled with the trend of Qingdao's inventory continuing to be removed from the warehouse, there is still room for rubber prices to rise. The demand side has gradually entered the off-season at the end of the year, the demand for terminal replacement has weakened, the inventory of finished products has accumulated, and there are still weak expectations for enterprises to start construction. The enthusiasm for replenishing raw materials has been suppressed, upward pressure on prices has increased, and macro uncertainties have been added to disturb short-term natural rubber or Maintain wide fluctuations.
