[Natural Rubber]: Rubber Daily Journal (July 7)
115,733 
July 7, 2023, 4:30 PM Analysis of natural rubber market price on July 7
index
On July 7, the STR20 price index of natural rubber in the Qingdao market was US$1355/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 |
|
|
on July 7 |
12505 |
12405 |
12565 |
12460 |
13330 |
13250 |
12460 |
|
July 6 |
12200 |
12165 |
12500 |
12485 |
13390 |
13305 |
12485 |
|
rise and fall |
305 |
240 |
65 |
-25 |
-60 |
-55 |
-25 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
on July 7 |
9725 |
9850 |
10045 |
9725 |
|
July 6 |
9740 |
9860 |
10045 |
9740 |
|
rise and fall |
-15 |
-10 |
0 |
-15 |
spot market
Supply:
Foreign countries: Rainfall in foreign production areas has eased, and raw materials are in a state of high volume, but the output in some regions has increased slowly, and glue prices have increased within a narrow range.
China: China's production areas are basically in the stage of starting and increasing the volume. Recent rainfall in Yunnan production areas has been relatively frequent, which has a significant impact on rubber tapping operations, but the price of raw materials fluctuates little; Hainan production areas are in the stage of steadily increasing the volume, and the daily output is basically At around 4500.
|
price type |
July 6 |
on July 7 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
43.4 |
43.4 |
0 |
baht/kg |
|
cup glue |
39.85 |
39.95 |
0.1 |
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 |
11000 |
-100 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
11100 |
11000 |
-100 |
Yuan/ton |
||
On the demand side: At the beginning of the month, the enthusiasm of enterprises to schedule production was still good. Most of the units were running smoothly. Some were appropriately adjusted according to the order situation within the month. At the beginning of the month, the company's shipment performance was average, and the overall inventory continued to grow slowly. In terms of the market, at the beginning of the month, some companies provided certain promotional policy support to the market, mostly targeting the best-selling specifications in the market. From the perspective of shipments, the shipment performance was not optimistic, and the overall performance was weak, with channels mainly digesting inventory.
Futures spot price list
|
price type |
July 6 |
on July 7 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
12200 |
12300 |
100 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1355 |
1355 |
0 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
10750 |
10730 |
-20 |
Yuan/ton |
|
|
Ningbo |
Hainan |
8150 |
8150 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
9100 |
9100 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1735 |
1730 |
-5 |
Yuan/ton |
|
|
Main force-China All Latex |
285 |
160 |
-125 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2685 |
7.266 |
-0.0025 |
Yuan |
|
|
Thai Baht to RMB |
0.2136 |
0.213 |
-0.0006 |
Yuan |
||
market outlook
Near the end of the week, under multiple stimuli such as "purchasing and storage","El Niño" and "macroeconomic market sentiment has warmed up", the rubber market has shown a significant upward trend. Judging from the supply and demand situation, the seasonal cutting volume of China's foreign producing areas rebounded in July, and China's producing areas entered a comprehensive up-to-date stage. However, the recent futures market has risen, which has pushed up the price of all latex to a certain extent, making the processing factory's All latex production enthusiasm has improved significantly, which in turn supports the relative strength of raw material prices; On the demand side, downstream tire start-ups have improved slightly, but actual market shipments have not yet fully recovered. The purchasing sentiment of processing plants is average. However, the entire supply and demand side still has good support in the short term, but global volume expectations are strong and we are cautious.