Analysis of natural rubber market price on June 6
index
On June 6, the STR20 price index of natural rubber in the Qingdao market was US$1365/ton, down US$15/ton from the previous trading day, or 1.09%.
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 June 6
|
11990
|
11810
|
11990
|
11825
|
13095
|
13025
|
11825
|
|
June 5
|
12025
|
11955
|
12085
|
11970
|
13280
|
13205
|
11970
|
|
rise and fall
|
-35
|
-145
|
-95
|
-145
|
-185
|
-180
|
-145
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
on June 6
|
9575
|
9615
|
10195
|
9520
|
|
June 5
|
9665
|
9765
|
10195
|
9650
|
|
rise and fall
|
-90
|
-150
|
0
|
-130
|
spot market
Supply:
Foreign countries: Thailand is closed during holidays, and raw material prices are not available.
China: China's production areas are basically in the stage of opening and increasing production. The output of raw materials in Yunnan production areas has also gradually improved. Concentrated milk factories will start construction in the near future. Hainan production areas are in a steady stage of increasing production. Currently, the dry content of glue is about 34.
|
price type
|
June 5
|
on June 6
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
--
|
43.8
|
--
|
baht/kg
|
|
cup glue
|
--
|
39.55
|
--
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
11200
|
11200
|
0
|
Yuan/ton
|
|
rubber block
|
11400
|
11400
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
11400
|
11500
|
100
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
11400
|
11500
|
100
|
Yuan/ton
|
Demand: At present, the capacity utilization rate of semi-steel tire enterprises is at a high level, foreign trade orders are full, and some domestic products are still out of stock. The overall inventory is not large. In the short term, enterprises maintain a high operating status to reserve some inventory. The college entrance examination is approaching, residents 'willingness to travel has been affected. Coupled with the current lack of overall consumption power, terminal demand is still weak, and there is no good news to guide them.
Futures spot price list
|
price type
|
June 5
|
on June 6
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
11800
|
11650
|
-150
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1380
|
1365
|
-15
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
10620
|
10550
|
-70
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
8300
|
8300
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
9000
|
9000
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1350
|
1275
|
-75
|
Yuan/ton
|
|
Main force-China All Latex
|
170
|
175
|
5
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.1192
|
7.1272
|
0.008
|
Yuan
|
|
Thai Baht to RMB
|
0.2112
|
0.2116
|
0.0004
|
Yuan
|
market outlook
China's foreign producing areas are in the early stages of new rubber growth, and raw material prices have not fluctuated much for a short time. However, the current situation of high spot inventory in China continues to suppress rubber prices, resulting in continuous squeezing of factory profits and the enthusiasm of processing plants for shipment and production. On the demand side, the capacity utilization rate of most tire factories remains high, but the actual consumption capacity is slightly insufficient. Terminal consumption is still weak, and inventory data remains in a cumulative state. The supply side is suppressed, the demand side is dragging, and rubber prices are expected to fall within a narrow range.
