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December 11, 2023, 4:44 PM
Analysis of natural rubber market price on December 11
index
On December 11, the STR20 price index of natural rubber in the Qingdao market was US$1470/ton, down US$5/ton from the previous trading day, or 0.68%.
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 11
|
13620
|
13475
|
13690
|
13565
|
13360
|
13565
|
13705
|
|
December 8
|
13350
|
13335
|
13650
|
13615
|
13415
|
13615
|
13755
|
|
rise and fall
|
270
|
140
|
40
|
-50
|
-55
|
-50
|
-50
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
December 11
|
10335
|
10680
|
10680
|
11155
|
|
December 8
|
10425
|
10245
|
10785
|
11155
|
|
rise and fall
|
-90
|
435
|
-105
|
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, 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 8
|
December 11
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
52
|
--
|
--
|
baht/kg
|
|
cup glue
|
43.8
|
--
|
--
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
--
|
--
|
--
|
Yuan/ton
|
|
rubber block
|
10000
|
10000
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
12100
|
12100
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
11800
|
11700
|
-100
|
Yuan/ton
|
Demand: Currently, there are sufficient orders from semi-steel tire sample companies, which will support the overall start and will maintain a high operating state in the short term. In addition, as companies gradually schedule orders for next year, there is still room for improvement in inventories. In terms of the market, most agents have achieved their annual tasks. Most agents in the Chinese semi-steel tire market maintain shortages and mainly complete monthly sales tasks. The overall market trading remains regular, social inventories are relatively sufficient, and terminal demand remains just needed.
Futures spot price list
|
price type
|
December 8
|
December 11
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
12433
|
12533
|
100
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1460
|
1470
|
10
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
11720
|
11820
|
100
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
9550
|
9650
|
100
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
10150
|
10150
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1895
|
1745
|
-150
|
Yuan/ton
|
|
Main force-China All Latex
|
1182
|
1032
|
-150
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.172
|
7.2036
|
0.0316
|
Yuan
|
|
Thai Baht to RMB
|
0.2074
|
0.2054
|
-0.0020
|
Yuan
|
market outlook
Recent rains and weather in Southeast Asian producing areas such as Thailand and Vietnam have eased. Expectations for overseas raw materials are obvious, dragging raw material prices down. Yunnan producing areas have entered a cut-off period. However, market reflection is relatively limited, and expectations of weakening raw material cost support are relatively obvious. At present, the operating rate of semi-steel tires on the demand side is relatively stable. With the support of demand, the production schedule of tire factories continues to remain high. The fundamental pressure on all-steel tires is too high. The sentiment on raw material procurement is relatively weak. The actual transactions in the spot market remain relatively weak. The continued decline in port inventories has been suppressed, and the suppression of supply and demand remains. On the whole, if there is no obvious long-short stimulus on the supply and demand sides of the Tianjiao market, the Tianjiao market will be weak in driving upward and downward, and it is expected that most of the activities will continue to fluctuate.
