[Natural Rubber]: Rubber Daily Journal (August 14)
111,996 
August 14, 2023, 4:31 PM Analysis of natural rubber market price on August 14
index
On August 14, the STR20 price index of natural rubber in the Qingdao market was US$1335/ton, down US$10/ton from the previous trading day, or 0.74%.
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 |
|
|
August 14 |
12995 |
12770 |
13020 |
12830 |
12830 |
12820 |
11840 |
|
August 11 |
12985 |
12920 |
13075 |
13010 |
13010 |
12975 |
11985 |
|
rise and fall |
10 |
-150 |
-55 |
-180 |
-180 |
-155 |
-145 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
August 14 |
9435 |
9570 |
9780 |
9375 |
|
August 11 |
9530 |
9660 |
9780 |
9470 |
|
rise and fall |
-95 |
-90 |
0 |
-95 |
spot market
Supply:
Foreign countries: There are still disturbances in rainfall and weather in foreign production areas, the volume of raw materials has been blocked, and raw material prices have increased within a narrow range.
China: Yunnan's production areas in Hainan are basically in a stage of steady increase in volume. Rainfall has moderated and raw material prices have remained relatively low. Rainfall has been relatively frequent in Hainan's production areas recently, and raw material prices have risen within a narrow range and have remained relatively high so far.
|
price type |
August 11 |
August 14 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
41.6 |
-- |
-- |
baht/kg |
|
cup glue |
37.6 |
-- |
-- |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
10500 |
10500 |
0 |
Yuan/ton |
|
|
rubber block |
9400 |
9400 |
0 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
10700 |
10700 |
0 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
10700 |
10700 |
0 |
Yuan/ton |
||
Demand: Due to the impact of the summer tourist season, terminal demand for tyres in the short term remains relatively active in the four seasons. However, due to the concentrated scheduling of foreign trade orders, the gap in domestic orders for four-season tires has become increasingly serious. In order to avoid the risk of low order satisfaction rate, some agents have purchased goods in small quantities multiple times, and downstream terminal stores still maintain low inventory and purchase them as they go.
Futures spot price list
|
price type |
August 11 |
August 14 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
11850 |
11800 |
-50 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1345 |
1335 |
-10 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
10600 |
10520 |
-80 |
Yuan/ton |
|
|
Ningbo |
Hainan |
8100 |
8200 |
100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
9050 |
9050 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
2410 |
2310 |
-100 |
Yuan/ton |
|
|
Main force-China All Latex |
1210 |
1030 |
-180 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2452 |
7.2783 |
0.0331 |
Yuan |
|
|
Thai Baht to RMB |
0.2133 |
0.2138 |
0.0005 |
Yuan |
||
market outlook
As far as the current social inventory is concerned, there is no obvious trend of destocking, and pressure on the warehouse still exists, suppressing the space for rubber to rise to a certain extent. China's major production areas have recently experienced disturbances in phenological conditions such as weather. The output of raw materials has been limited. Pressure on the supply side has not yet been highlighted. In the short term, raw materials still provide support for the price side. Although the construction of downstream product companies has maintained a high level at present, they still continue to focus on just purchasing after actual purchases. There have not been any obvious demand highlights yet. The contradiction between supply and demand has not yet intensified. The narrow fluctuations in the market in the short term are relatively normal.