[Natural Rubber]: Rubber Daily Journal (August 23)
110,931 
August 23, 2023, 4:23 PM Analysis of natural rubber market price on August 23
index
On August 23, the STR20 price index of natural rubber in the Qingdao market was US$1355/ton, up US$5/ton from the previous trading day, or 0.37%.
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 23 |
13045 |
13020 |
13280 |
13225 |
13225 |
13210 |
12080 |
|
August 22 |
13000 |
12940 |
13070 |
13050 |
13050 |
13000 |
11965 |
|
rise and fall |
45 |
80 |
210 |
175 |
175 |
210 |
115 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
August 23 |
9620 |
9765 |
9780 |
9545 |
|
August 22 |
9530 |
9685 |
9780 |
9465 |
|
rise and fall |
90 |
80 |
0 |
80 |
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 |
August 22 |
August 23 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
42.7 |
43 |
0.3 |
baht/kg |
|
cup glue |
38.45 |
38.75 |
0.3 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
10600 |
10500 |
-100 |
Yuan/ton |
|
|
rubber block |
9400 |
9400 |
0 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
10400 |
10500 |
100 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
10400 |
10500 |
100 |
Yuan/ton |
||
On the demand side: Semi-steel tyre enterprises have continued to start operations at a high level. Enterprises are actively scheduling foreign trade orders and snow tyre orders. The gap in tyre orders in the four seasons has not decreased. Due to waiting orders for shipments and signs of slowing shipments by individual companies, the overall inventory has improved slightly. In terms of the market, the domestic market continues to be in a normal state of goods delivery, with foreign trade occupying and scheduling production, and there is a large gap in domestic orders.
Futures spot price list
|
price type |
August 22 |
August 23 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
11900 |
11900 |
0 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1350 |
1355 |
5 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
10650 |
10730 |
80 |
Yuan/ton |
|
|
Ningbo |
Hainan |
8300 |
8500 |
200 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
9200 |
9300 |
100 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
2400 |
2495 |
95 |
Yuan/ton |
|
|
Main force-China All Latex |
1150 |
1325 |
175 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.3048 |
7.3003 |
-0.0045 |
Yuan |
|
|
Thai Baht to RMB |
0.215 |
0.2161 |
0.0011 |
Yuan |
||
market outlook
Recent periodic rainfall in other production areas in China has affected the output of new rubber, and expectations for supply reduction have strengthened in the short term. China's natural rubber dark rubber stocks continue to be removed from the warehouse, supply pressure has been slightly reduced, downstream tires have been steadily scheduled, and the domestic demand market has normalized shipments. In the short term, the market sentiment has improved, and there may be a slight upward trend. In the short term, positive support has begun to strengthen, which will drive rubber prices to rise significantly. However, the increase in supply in the later period is still a normal trend. Beware of falling rubber prices.