Analysis of natural rubber market price on June 12
index
On June 12, the STR20 price index of natural rubber in the Qingdao market was US$1360/ton, down US$20/ton from the previous trading day, or 1.45%.
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 12
|
12080
|
11835
|
12170
|
11895
|
13180
|
13115
|
11895
|
|
June 9
|
12130
|
12020
|
12165
|
12060
|
13330
|
13250
|
12060
|
|
rise and fall
|
-50
|
-185
|
5
|
-165
|
-150
|
-135
|
-165
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
June 12
|
9605
|
9715
|
10070
|
9590
|
|
June 9
|
9765
|
9800
|
9990
|
9720
|
|
rise and fall
|
-160
|
-85
|
80
|
-130
|
spot market
Supply:
Foreign countries: Thailand's production areas have not yet been fully increased, and the output of raw materials is relatively limited. It is expected that the increase will begin to resume in the middle of the year. As of now, the prices of glue raw materials are low, and rubber farmers are less willing to buy and sell glue.
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, with a daily output of nearly 4000.
|
price type
|
June 9
|
June 12
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
43.3
|
43.3
|
0
|
baht/kg
|
|
cup glue
|
39.6
|
39.6
|
0
|
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)
|
11300
|
11200
|
-100
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
11300
|
11200
|
-100
|
Yuan/ton
|
Demand side: It is understood that the recent equipment maintenance of individual enterprises in Guangrao is currently in the finishing work before maintenance. The overall output is expected to fall, and the shortage of goods may increase. Overall, the overall supply of all-steel tires is slightly delayed. In terms of the market, terminal demand has continued to be weak recently, competition among market products has intensified, and promotion policies among various brands have gradually emerged.
Futures spot price list
|
price type
|
June 9
|
June 12
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
11850
|
11700
|
-150
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1380
|
1360
|
-20
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
10600
|
10500
|
-100
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
8350
|
8350
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
9000
|
9000
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1485
|
1395
|
-90
|
Yuan/ton
|
|
Main force-China All Latex
|
235
|
195
|
-40
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.1448
|
7.1623
|
0.0175
|
Yuan
|
|
Thai Baht to RMB
|
0.2134
|
0.2134
|
0.0000
|
Yuan
|
market outlook
The overall output of Thailand's producing areas is currently low, and it is expected to officially enter the stage of increasing production in the middle of the year. So far, raw material prices have not fluctuated significantly. However, last week's market rose, which is conducive to a slight improvement in the processing profit of standard rubber cigarette chips. However, raw material prices in China's producing areas have remained relatively firm, and processing plants still prefer to produce whole milk, and the concentrated milk diversion capacity remains low. News of China's purchasing and purchasing continues to disturb the market's trend, but no substantive news has been implemented. The demand side has not improved significantly, and the speed at which tire factories move to warehouses still requires continuous attention. China's social inventories have also remained in a depleted state. The news of long and short periods is accompanied, and the expectation of Tianjiao shocks is strong.
