Analysis of natural rubber market price on June 7
index
On June 7, the STR20 price index of natural rubber in the Qingdao market was US$1365/ton, up US$20/ton from the previous trading day, or 1.47%.
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
|
|
June 7
|
11800
|
11800
|
12155
|
12085
|
13310
|
13260
|
12085
|
|
on June 6
|
11990
|
11810
|
11990
|
11825
|
13095
|
13025
|
11825
|
|
rise and fall
|
-190
|
-10
|
165
|
260
|
215
|
235
|
260
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
June 7
|
9765
|
9770
|
10195
|
9710
|
|
on June 6
|
9575
|
9615
|
10195
|
9520
|
|
rise and fall
|
190
|
155
|
0
|
190
|
spot market
Supply:
Foreign countries: Thailand's production areas have not yet been fully increased, and the output of raw materials is relatively limited. However, the low price of finished products has also suppressed the purchasing sentiment of processing plants to a certain extent, and raw material prices have not fluctuated significantly.
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. Hainan production areas are in the stage of steadily increasing production. Currently, the dry content of glue is about 34, and the daily output is nearly 4000.
|
price type
|
on June 6
|
June 7
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
43.8
|
43.8
|
0
|
baht/kg
|
|
cup glue
|
39.55
|
39.65
|
0.1
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
10950
|
10950
|
0
|
Yuan/ton
|
|
rubber block
|
11200
|
11200
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
11500
|
11500
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
11500
|
11500
|
0
|
Yuan/ton
|
On the demand side: Supported by foreign trade orders, coupled with the fact that some domestic specifications are still out of stock, the capacity utilization rate of all steel tire enterprises currently remains high, and the supply side is relatively stable. In terms of the market, there is insufficient construction of engineering infrastructure, logistics and transportation and other regions are differentiated, and terminal retail delivery is slow.
Futures spot price list
|
price type
|
on June 6
|
June 7
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
11650
|
11850
|
200
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1365
|
1385
|
20
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
10550
|
10650
|
100
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
8300
|
8400
|
100
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
9000
|
9100
|
100
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1275
|
1435
|
160
|
Yuan/ton
|
|
Main force-China All Latex
|
175
|
235
|
60
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.1272
|
7.1367
|
0.0095
|
Yuan
|
|
Thai Baht to RMB
|
0.2116
|
0.2121
|
0.0005
|
Yuan
|
market outlook
Today, the rubber market, which has been silent for a long time, has seen a significant rise. For a time, the active atmosphere in the market has improved. However, from the overall fundamentals, there has not been any obvious positive. China's foreign producing areas are in the early stages of new rubber growth, and raw material prices have not fluctuated for a short time. However, the current situation of high spot stocks in China continues to suppress rubber prices. On the demand side, the capacity utilization rate of most tire factories remains high, but the actual consumption capacity is slightly insufficient, and terminal consumption is still weak. The contradiction between supply and demand still exists. Today's increase is more due to the news of purchasing and purchasing, but the actual situation still needs to be continuously tracked.
