Analysis of natural rubber market price on July 24
index
On July 24, the STR20 price index of natural rubber in the Qingdao market was US$1320/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
|
|
July 24
|
12055
|
12020
|
12115
|
12050
|
13010
|
12995
|
12050
|
|
July 21
|
12165
|
12040
|
12245
|
12125
|
13050
|
13040
|
12125
|
|
rise and fall
|
-110
|
-20
|
-130
|
-75
|
-40
|
-45
|
-75
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
July 24
|
9385
|
9505
|
9920
|
9385
|
|
July 21
|
9330
|
9480
|
9920
|
9330
|
|
rise and fall
|
55
|
25
|
0
|
55
|
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: Yunnan's production areas in Hainan are basically in a stage of steady increase in volume. Among them, Yunnan's production areas have had occasional rainfall impact recently, but the overall impact is small. Hainan's production areas have recently been affected by typhoon weather, and rainfall may show signs of increasing. Raw material prices are slightly higher.
|
price type
|
July 21
|
July 24
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
42.2
|
41.4
|
-0.8
|
baht/kg
|
|
cup glue
|
38.05
|
38.2
|
0.15
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
11000
|
10900
|
-100
|
Yuan/ton
|
|
rubber block
|
9800
|
9700
|
-100
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
10500
|
10600
|
100
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
10500
|
10600
|
100
|
Yuan/ton
|
Demand: At present, the downward pressure on the operating rate of all-steel tire enterprises remains unabated. Due to the impact of high temperature weather, the output of individual enterprises is limited. Coupled with the increased pressure on domestic sales, some enterprises still have maintenance expectations at the end of the month, which will have a certain impact on the overall operating rate. Drag. In terms of the market, the current market supply is sufficient, and agents have insufficient ability to replenish goods again.
Futures spot price list
|
price type
|
July 21
|
July 24
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
11950
|
11950
|
0
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1320
|
1320
|
0
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
10400
|
10450
|
50
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
7900
|
7900
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
8950
|
8950
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1725
|
1600
|
-125
|
Yuan/ton
|
|
Main force-China All Latex
|
175
|
100
|
-75
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.1909
|
7.2046
|
0.0137
|
Yuan
|
|
Thai Baht to RMB
|
0.2168
|
0.2159
|
-0.0009
|
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 weakens; China's total natural rubber stocks are still climbing, which has a negative impact on rubber prices. The terminal market is weak and stable in summer, domestic shipments are slow, and purchasing raw materials on bargain hunting makes it difficult to significantly boost rubber prices. Currently, rubber prices are close to the cost line, and there is insufficient room for reduction. Without the guidance of obvious positive news, the natural rubber market may remain low and volatile.
