Analysis of natural rubber market price on July 19
index
On July 19, the STR20 price index of natural rubber in the Qingdao market was US$1320/ton, down US$10/ton from the previous trading day, or 0.75%.
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
|
|
July 19
|
12150
|
12140
|
12225
|
12200
|
13135
|
13120
|
12200
|
|
July 18
|
12135
|
12090
|
12175
|
12160
|
13115
|
13090
|
12160
|
|
rise and fall
|
15
|
50
|
50
|
40
|
20
|
30
|
40
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
July 19
|
9340
|
9495
|
9920
|
9340
|
|
July 18
|
9355
|
9515
|
9920
|
9355
|
|
rise and fall
|
-15
|
-20
|
0
|
-15
|
spot market
Supply:
Foreign countries: Rainfall in foreign production areas has moderated, and raw materials are in a state of high volume, which has led to a narrow decline in raw material prices. However, the overall volume is limited, which still provides support for raw material prices.
China: China's production areas are basically in the stage of opening and increasing the volume. The recent rainfall in Yunnan production areas has not been significantly alleviated, and the amount of glue is expected to be blocked. According to the weather forecast, the impact of rainfall in Hainan production areas has eased recently, and raw glue has begun to increase.
|
price type
|
on July 17
|
July 18
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
--
|
--
|
--
|
baht/kg
|
|
cup glue
|
--
|
--
|
--
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
11000
|
11000
|
0
|
Yuan/ton
|
|
rubber block
|
9800
|
9800
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
10600
|
10600
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
10600
|
10600
|
0
|
Yuan/ton
|
Demand: At present, the start-up of enterprises still maintains a relatively high level, but the market has weakened. The demand for domestic sales of semi-steel tires has been flat. Downstream retail stores have not reduced their attention to low-priced sources of goods. Market prices are seriously entangled. Replenishment is mainly sought. Low-priced sources of goods are mainly sought and purchased as they are used. Auto repair shops pay more attention to the speed of delivery services and are less sensitive to price than the retail terminal market.
Futures spot price list
|
price type
|
on July 17
|
July 18
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
12000
|
12000
|
0
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1330
|
1320
|
-10
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
10420
|
10420
|
0
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
8000
|
8000
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
9000
|
9000
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1780
|
1780
|
0
|
Yuan/ton
|
|
Main force-China All Latex
|
160
|
200
|
40
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.1879
|
7.2269
|
0.039
|
Yuan
|
|
Thai Baht to RMB
|
0.2167
|
0.219
|
0.0023
|
Yuan
|
market outlook
In late July, China's major foreign producing areas have successively entered the seasonal rubber tapping season. Without the influence of special weather, the amount of raw glue is expected to strengthen, and supply support is weak. Downstream factories are still operating at present, but actual demand has weakened. Trend, some dealers have slowed down the replenishment pace; Up to now, Qingdao's inventories have continued to increase and are basically at their highest point this year. The high inventory pressure has suppressed the upward space for rubber prices to a certain extent. Rubber prices are unlikely to rise significantly in the short term, and most of them continue to fluctuate mainly.
