Analysis of natural rubber market price on June 5
index
On June 5, the STR20 price index of natural rubber in the Qingdao market was US$1380/ton, which was stable from the previous trading day.
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 5
|
12025
|
11955
|
12085
|
11970
|
13280
|
13205
|
11970
|
|
June 4
|
11850
|
11795
|
12035
|
12000
|
13320
|
13250
|
12000
|
|
rise and fall
|
175
|
160
|
50
|
-30
|
-40
|
-45
|
-30
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
June 5
|
9665
|
9765
|
10195
|
9650
|
|
June 4
|
9640
|
9780
|
10195
|
9625
|
|
rise and fall
|
25
|
-15
|
0
|
25
|
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 2
|
June 5
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
43.7
|
--
|
--
|
baht/kg
|
|
cup glue
|
39.5
|
--
|
--
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
10900
|
11200
|
300
|
Yuan/ton
|
|
rubber block
|
11100
|
11400
|
300
|
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. Some enterprises with a relatively large proportion of foreign trade are affected by production scheduling problems and supply is tight. Some small-scale all-steel tire enterprises are under pressure on their inventories and moderately reduce their production scheduling. Overall, enterprises are scheduling production is relatively active. At the beginning of the month, some all-steel tire companies provided certain policy support to the market for some specifications.
Futures spot price list
|
price type
|
June 2
|
June 5
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
11600
|
11800
|
200
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1380
|
1380
|
0
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
10620
|
10620
|
0
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
8250
|
8300
|
50
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
8950
|
9000
|
50
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1380
|
1350
|
-30
|
Yuan/ton
|
|
Main force-China All Latex
|
400
|
170
|
-230
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.0921
|
7.1192
|
0.0271
|
Yuan
|
|
Thai Baht to RMB
|
0.2121
|
0.2112
|
-0.0009
|
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 enterprises in tire factories remains high. Some enterprises with a relatively large foreign trade account for production scheduling problems and tight supply. Some small-scale all-steel tire enterprises are under pressure on their inventories and moderately reduce their production scheduling. Overall, Enterprises are relatively active in scheduling production, and there are positive expectations on the macro level, which will support rubber prices in the short term.
