[Natural Rubber]: Rubber Daily Journal (August 21)
110,589 
August 21, 2023, 4:42 PM Analysis of natural rubber market price on August 21
index
On August 21, the STR20 price index of natural rubber in the Qingdao market was US$1350/ton, up US$20/ton from the previous trading day, or 1.50%.
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 21 |
12795 |
12795 |
13055 |
13000 |
13000 |
12965 |
11960 |
|
on August 18 |
12820 |
12765 |
12875 |
12795 |
12795 |
12805 |
11815 |
|
rise and fall |
-25 |
30 |
180 |
205 |
205 |
160 |
145 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
August 21 |
9515 |
9690 |
9780 |
9460 |
|
on August 18 |
9390 |
9545 |
9780 |
9320 |
|
rise and fall |
125 |
145 |
0 |
140 |
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. The rainfall has moderated and raw material prices have remained relatively low. Recently, the rainfall in Hainan production areas has been relatively frequent. It is heard that the actual rubber prices received by processing plants are high.
|
price type |
on August 18 |
August 21 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
42.1 |
42.4 |
0.3 |
baht/kg |
|
cup glue |
37.85 |
38.2 |
0.35 |
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) |
10500 |
10400 |
-100 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
10500 |
10400 |
-100 |
Yuan/ton |
||
Demand: There is a shortage of regular specifications in the semi-steel tire market, and shipments are mainly adjusted between channels. Brand stickiness is reduced. Terminal stores still focus on low prices and services. In terms of all-steel tires, the performance of shipments in the replacement market is average, and the market demand for low-cost sources remains unchanged. Some agents have launched promotional policy support to complete the third quarter tasks. The overall effect is acceptable, but the increase is limited.
Futures spot price list
|
price type |
on August 18 |
August 21 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
11750 |
11900 |
150 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1330 |
1350 |
20 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
10560 |
10650 |
90 |
Yuan/ton |
|
|
Ningbo |
Hainan |
8225 |
8225 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
9150 |
9150 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
2235 |
2350 |
115 |
Yuan/ton |
|
|
Main force-China All Latex |
1045 |
1100 |
55 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.3023 |
7.3238 |
0.0215 |
Yuan |
|
|
Thai Baht to RMB |
0.2131 |
0.2141 |
0.0010 |
Yuan |
||
market outlook
Recently, China's outbound royal wine has been affected by rainfall and weather, and the output of raw materials has been limited. The relative support raw material prices have remained firm. The recent downstream start-up situation has also improved. The overall opening rate has been at a high level. In addition, overseas demand for snow tires has been concentrated and China's demand for replacement tires has brought about an improvement in the demand side to a certain extent. Moreover, Qingdao's social inventories are still in a narrow range of warehouses. In the short term, positive support has begun to strengthen, which has driven rubber prices to rise significantly. However, the increase in supply in the later period is still a normal trend, so beware of falling rubber prices.