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December 6, 2023, 4:41 PM
Analysis of natural rubber market price on December 6
index
On December 6, the STR20 price index of natural rubber in the Qingdao market was US$1460/ton, up US$10/ton from the previous trading day, or 0.69%.
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
|
|
December 6
|
13245
|
13115
|
13330
|
13330
|
13140
|
13330
|
13470
|
|
December 5
|
13270
|
12980
|
13375
|
13060
|
13060
|
13260
|
13390
|
|
rise and fall
|
-25
|
135
|
-45
|
270
|
80
|
70
|
80
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
December 6
|
10195
|
10075
|
10585
|
11155
|
|
December 5
|
9750
|
9750
|
10455
|
11205
|
|
rise and fall
|
445
|
325
|
130
|
-50
|
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, and raw material output has also gradually recovered. Cutting has been stopped in China's Yunnan production areas, and the price of raw material glue has not yet been available.
|
price type
|
December 5
|
December 6
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
--
|
52.5
|
--
|
baht/kg
|
|
cup glue
|
--
|
44.55
|
--
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
--
|
--
|
--
|
Yuan/ton
|
|
rubber block
|
9900
|
9900
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
12100
|
12100
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
11700
|
11800
|
100
|
Yuan/ton
|
Demand: Currently, orders from semi-steel tire companies are performing well, and overall start-up remains high. Currently, foreign trade orders are the main ones. Shipments at the beginning of the month were relatively slow, and some regular models were still out of stock. In terms of the market, semi-steel tire agents have sufficient inventory and few goods are shipped. Currently, the main purchases are to make up for shortages, and they are not willing to hoard more, waiting for new policy guidance from the company.
Futures spot price list
|
price type
|
December 5
|
December 6
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
12283
|
12183
|
-100
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1450
|
1460
|
10
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
11700
|
11700
|
0
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
9550
|
9550
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
10150
|
10100
|
-50
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1360
|
1630
|
270
|
Yuan/ton
|
|
Main force-China All Latex
|
777
|
1147
|
370
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.162
|
7.1745
|
0.0125
|
Yuan
|
|
Thai Baht to RMB
|
0.2065
|
0.2077
|
0.0012
|
Yuan
|
market outlook
China's Yunnan production areas have stopped cutting, and glue prices are not yet available. Recent rainfall in Southeast Asian production areas such as Thailand and Vietnam has eased. Overseas supply is in a relatively peak season, and there is a narrow range of room for raw material prices to fall. The overall demand for downstream tires on the demand side is in the seasonal off-season, and the accumulated inventory of finished products still exists. Some companies have adjusted back in starting operations, and their sentiment towards raw material procurement is relatively weak. Qingdao's inventory has continued the trend of destocking, which provides certain support for the continued decline in rubber prices. On the whole, positive factors in the early period were traded on the market, there were no new hype points in the short term, and there was insufficient upward driving on the market. It is expected that rubber will remain weak in the short term.
