[Natural Rubber]: Rubber Daily Journal (May 30)
116,776 
May 30, 2023, 3:58 PM index
On May 30, the STR20 price index of natural rubber in the Qingdao market was US$1365/ton, down US$10/ton from the previous trading day, or 0.37%.
market analysis
Futures market: On May 30, the opening price of RU2309 contract: 11855 yuan/ton, the highest price: 11900 yuan/ton, the lowest price: 11775 yuan/ton, and the closing price of 11850 yuan/ton, which was stable compared with the previous trading day; the opening price of NR2308 contract: 9550 yuan/ton, the highest price: 9610 yuan/ton, the lowest price: 9510 yuan/ton, and the closing price was 9540 yuan/ton, down 15 yuan/ton from the previous trading day.
spot market
Supply:
Foreign countries: The production areas of Thailand and Vietnam are basically in the early stages of cutting, and have not been fully increased, and the output of raw materials is relatively limited.
China: China's production areas are basically in the stage of beginning to harvest and increasing production. The output of raw materials in Yunnan's production areas has also gradually improved. I heard that local dense dairy factories will start construction in the near future.
|
price type |
May 29 |
May 30 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
43.6 |
43.6 |
0 |
baht/kg |
|
cup glue |
38.95 |
39.3 |
0.35 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
10600 |
10800 |
200 |
Yuan/ton |
|
|
rubber block |
10700 |
10900 |
200 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
11400 |
11400 |
0 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
11400 |
11400 |
0 |
Yuan/ton |
||
On the demand side: The capacity utilization rate of most enterprises remains high. For some factories in Shandong, the pressure on domestic shipments remained unchanged in May, orders were scarce, and overall inventories showed a growth trend. In order to alleviate the pressure on inventory, enterprises moderately reduced their production schedules, which affected the overall sample of enterprises started construction or delayed storage slightly.
Futures spot price list
|
price type |
May 29 |
May 30 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
11700 |
11700 |
0 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1375 |
1365 |
-10 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
10600 |
10550 |
-50 |
Yuan/ton |
|
|
Ningbo |
Hainan |
8400 |
8350 |
-50 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
8950 |
8950 |
0 |
Yuan/ton |
|
|
futures prices |
SHFE |
RU main contract closing price |
11915 |
11850 |
-65 |
Yuan/ton |
|
INE |
NR main contract closing price |
9550 |
9540 |
-10 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1315 |
1300 |
-15 |
Yuan/ton |
|
|
Main force-China All Latex |
215 |
150 |
-65 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.0856 |
7.1092 |
0.0236 |
Yuan |
|
|
Thai Baht to RMB |
0.2106 |
0.2112 |
0.0006 |
Yuan |
||
market outlook
The recent phenological conditions in the upstream producing areas have been relatively normal, and rubber tapping work in other producing areas in China is also being carried out one after another, and the supply increase is expected to continue to increase. The arrival of goods from the port has increased. Compared with the downstream receiving of goods, Qingdao's inventory is not expected to be removed from the warehouse, and it will still maintain a accumulated warehouse in the short term. While the terminal market has entered the off-season of sales, new orders and goods are sluggish, and downstream procurement still There are plans to shorten the procurement cycle. In the short term, the positive release of the natural rubber market is too limited, and rubber prices are likely to fluctuate.