[Natural Rubber]: Rubber Daily Journal (August 28)
103,407 
August 28, 2023, 4:32 PM Analysis of natural rubber market price on August 28
index
On August 28, the STR20 price index of natural rubber in the Qingdao market was US$1365/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 |
|
|
on August 28 |
13270 |
13170 |
13425 |
13205 |
13205 |
13195 |
12090 |
|
August 25 |
13205 |
13190 |
13340 |
13270 |
13270 |
13240 |
12085 |
|
rise and fall |
65 |
-20 |
85 |
-65 |
-65 |
-45 |
5 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
on August 28 |
9730 |
9855 |
9920 |
9650 |
|
August 25 |
9700 |
9855 |
9850 |
9625 |
|
rise and fall |
30 |
0 |
70 |
25 |
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 25 |
on August 28 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
43.4 |
43.7 |
0.3 |
baht/kg |
|
cup glue |
39.25 |
39.65 |
0.4 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
10500 |
10600 |
100 |
Yuan/ton |
|
|
rubber block |
9500 |
9600 |
100 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
10600 |
11200 |
600 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
10800 |
11700 |
900 |
Yuan/ton |
||
On the demand side: Supported by foreign trade and snow tire orders, the operating rate of semi-steel tire companies remains high in the short term. Some all-steel tire companies said that the shortage of goods in domestic sales has been alleviated, and the overall production and sales are balanced. In terms of the market, in the latter part of the year, the replenishment situation of market agents in northern regions such as Hebei, Shanxi, and Northeast China has slightly improved. However, the profits of the transportation industry are low, and the overall terminal replacement demand performance is still weak. The overall increase in replacement demand is limited.
Futures spot price list
|
price type |
August 25 |
on August 28 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
12000 |
12050 |
50 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1360 |
1365 |
5 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
10750 |
10760 |
10 |
Yuan/ton |
|
|
Ningbo |
Hainan |
8600 |
8800 |
200 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
9350 |
9650 |
300 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
2520 |
2445 |
-75 |
Yuan/ton |
|
|
Main force-China All Latex |
1270 |
1155 |
-115 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.3023 |
7.3003 |
-0.002 |
Yuan |
|
|
Thai Baht to RMB |
0.215 |
0.2127 |
-0.0023 |
Yuan |
||
market outlook
The world is about to enter a seasonal increase in production. However, at present, periodic rainfall has led to a shortage of new rubber supply. Demand for latex products has picked up and pushed up raw material prices. There is a certain support for rubber prices. Downstream tires are scheduled smoothly and just need to be replaced and shipped. The situation has improved slightly. The superimposed dark glue continues to go to the warehouse, or the sentiment of being bullish on the market still exists. Rubber prices may remain strong and volatile, but the increase in supply in the later period is still a normal trend, so beware of falling rubber prices.