Analysis of natural rubber market price on June 28
index
On June 28, the STR20 price index of natural rubber in the Qingdao market was US$1345/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 28
|
11945
|
11870
|
11960
|
11935
|
13080
|
13020
|
11935
|
|
June 27
|
11880
|
11870
|
11980
|
11950
|
13095
|
13040
|
11950
|
|
rise and fall
|
65
|
0
|
-20
|
-15
|
-15
|
-20
|
-15
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
June 28
|
9565
|
9665
|
10045
|
9565
|
|
June 27
|
9570
|
9680
|
10045
|
9570
|
|
rise and fall
|
-5
|
-15
|
0
|
-5
|
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
|
June 27
|
June 28
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
43.3
|
43.3
|
0
|
baht/kg
|
|
cup glue
|
39.8
|
39.8
|
0
|
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)
|
11100
|
11100
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
11100
|
11100
|
0
|
Yuan/ton
|
Demand: Currently, semi-steel tyre companies have sufficient foreign trade orders. Coupled with the gradual scheduling of foreign trade snow tyres, the company's capacity utilization rate has remained at a high level. The pressure on domestic shipments of all steel tyres has increased. The foreign trade order volume has also shown signs of shrinking. Overall inventory continues to increase. Trend, some small-scale enterprises have maintenance plans at the end of the month, which has caused a certain drag on the overall start of construction.
Futures spot price list
|
price type
|
June 27
|
June 28
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
11800
|
11750
|
-50
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1345
|
1345
|
0
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
10550
|
10550
|
0
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
8300
|
8300
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
9050
|
9050
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1400
|
1385
|
-15
|
Yuan/ton
|
|
Main force-China All Latex
|
150
|
185
|
35
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.233
|
7.2465
|
0.0135
|
Yuan
|
|
Thai Baht to RMB
|
0.2124
|
0.2112
|
-0.0012
|
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.
