Analysis of natural rubber market price on June 27
index
On June 27, the STR20 price index of natural rubber in the Qingdao market was US$1345/ton, up US$5/ton from the previous trading day, or 0.37%.
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 27
|
11880
|
11870
|
11980
|
11950
|
13095
|
13040
|
11950
|
|
on June 26
|
11985
|
11820
|
11985
|
11860
|
13040
|
13015
|
11860
|
|
rise and fall
|
-105
|
50
|
-5
|
90
|
55
|
25
|
90
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
June 27
|
9570
|
9680
|
10045
|
9570
|
|
on June 26
|
9520
|
9620
|
10045
|
9525
|
|
rise and fall
|
50
|
60
|
0
|
45
|
spot market
Supply:
Foreign: Rainfall in foreign production areas has eased, raw materials are in an increasing state, glue output has improved, and raw material prices have fallen within a narrow range.
China: China's production areas are basically in the stage of opening and increasing production. The output of raw materials in Yunnan's production areas has also gradually improved. Hainan's production areas are in a stage of steady increase, with daily output basically around 4,000 - 4,500.
|
price type
|
on June 26
|
June 27
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
43.3
|
43.3
|
0
|
baht/kg
|
|
cup glue
|
40
|
39.8
|
-0.2
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
10950
|
10950
|
0
|
Yuan/ton
|
|
rubber block
|
11000
|
11000
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
11300
|
11100
|
-200
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
11300
|
11100
|
-200
|
Yuan/ton
|
Demand: Most maintenance companies returned to work before the Dragon Boat Festival. At present, the overall capacity utilization rate has returned to the normal level. Due to slow shipments during the period, inventories are still increasing. Other companies have maintenance plans at the end of the month and will gradually enter the near future. Finish work. In terms of the market, with the arrival of high temperature weather, tire wear has increased, and the market demand for terminal replacement of all-steel tires in some areas of the northern region has improved slightly.
Futures spot price list
|
price type
|
on June 26
|
June 27
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
11800
|
11800
|
0
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1340
|
1345
|
5
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
10520
|
10550
|
30
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
8350
|
8300
|
-50
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
9000
|
9050
|
50
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1340
|
1400
|
60
|
Yuan/ton
|
|
Main force-China All Latex
|
60
|
150
|
90
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2355
|
7.233
|
-0.0025
|
Yuan
|
|
Thai Baht to RMB
|
0.2123
|
0.2124
|
0.0001
|
Yuan
|
market outlook
Supply expectations in China's foreign producing areas are gradually strengthening, supply pressure has been released, and raw material prices have shown varying degrees of decline. However, as far as the current raw material prices are concerned, they are already at a low level, and there is relatively limited room for further exploration, and there is bottom support at the cost end. The start of all-steel continued to weaken, while semi-steel remained at a high level. Terminal demand did not improve significantly. Qingdao Port's general trade and bonded inventories continued to maintain a narrow accumulation of stocks, bringing resistance to the upward trend of rubber prices. As of now, there is no clear positive support for the supply and demand of rubber itself, and it will still remain low and volatile in the short term.
