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September 12, 2023, 4:32 PM
Analysis of natural rubber market price on September 12
index
On September 12, the STR20 price index of natural rubber in the Qingdao market was US$1500/ton, down US$10/ton from the previous trading day, or 0.66%.
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
|
|
September 12
|
14380
|
14230
|
14535
|
14370
|
14370
|
14310
|
12850
|
|
September 11
|
14290
|
14150
|
14460
|
14355
|
14355
|
14310
|
12875
|
|
rise and fall
|
90
|
80
|
75
|
15
|
15
|
0
|
-25
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
September 12
|
11045
|
10825
|
10855
|
10640
|
|
September 11
|
11160
|
10850
|
10900
|
10640
|
|
rise and fall
|
-115
|
-25
|
-45
|
0
|
spot market
Supply:
Foreign countries: There are still disturbances in rainfall and weather in foreign production areas, the volume of raw materials has been blocked, and raw material prices have increased within a narrow range.
China: Rainy weather in Hainan's production area still affects normal rubber tapping operations, supporting raw material prices to remain firm at high levels. Rainfall in Yunnan's production areas eased, but the purchasing sentiment of dry rubber factories was high, driving up raw material prices.
|
price type
|
September 11
|
September 12
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
47
|
47.2
|
0.2
|
baht/kg
|
|
cup glue
|
41.75
|
42.35
|
0.6
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
11700
|
11700
|
0
|
Yuan/ton
|
|
rubber block
|
9900
|
9900
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
12600
|
12600
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
12600
|
12600
|
0
|
Yuan/ton
|
Demand: The operating rate of tire companies is running smoothly, and shipments have slowed down slightly. A company in the main production area of Dongying, Shandong Province issued a price increase notice, which will be implemented the next day. This will slightly drive the company's price increase. It is expected that there will still be a possibility of a company raising prices in the near future. In terms of the market, regional differences are obvious. Agents reserve inventories vary in different regions. Customers in the north are closer to factories and transportation is convenient. Agents 'inventory reserves are lower, while agents in the south have relatively large reserves. However, due to funding problems recently, agents have limited their reserve products.
Futures spot price list
|
price type
|
September 11
|
September 12
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
12983
|
12983
|
0
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1510
|
1500
|
-10
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
11750
|
11680
|
-70
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
9300
|
9300
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
10200
|
10200
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
2605
|
2690
|
85
|
Yuan/ton
|
|
Main force-China All Latex
|
1372
|
1387
|
15
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.3414
|
7.3053
|
-0.0361
|
Yuan
|
|
Thai Baht to RMB
|
0.2124
|
0.2113
|
-0.0011
|
Yuan
|
market outlook
In September, the world's major rubber producing areas were in the peak season for rubber tapping, and output is expected to rebound further month-on-month. However, short-term rainfall has affected the development of rubber tapping work, and the output of raw materials has been limited. The narrow rise in raw material prices has brought support to the cost side, superimposed on China's port inventory and social inventories have been slightly removed, and the decline in inventories has eased the pressure on rubber prices. China's traditional peak season of demand and strong exports, coupled with limited short-term imports, China will continue to destock in September. Overall, there is still a lot of good news in the Tianjiao market, and there may be support for rubber prices in the short term.
