[Natural Rubber]: Rubber Daily Journal (September 13)
84,180 
September 13, 2023, 4:44 PM Analysis of natural rubber market price on September 13
index
On September 13, the STR20 price index of natural rubber in the Qingdao market was US$1490/ton, down US$10/ton from the previous trading day, or 0.67%.
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 |
|
|
September 13 |
14375 |
14195 |
14405 |
14295 |
14295 |
14210 |
12720 |
|
September 12 |
14380 |
14230 |
14535 |
14370 |
14370 |
14310 |
12850 |
|
rise and fall |
-5 |
-35 |
-130 |
-75 |
-75 |
-100 |
-130 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
September 13 |
10840 |
10725 |
10800 |
10640 |
|
September 12 |
11045 |
10825 |
10855 |
10640 |
|
rise and fall |
-205 |
-100 |
-55 |
0 |
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: Rainy weather in Hainan's production area still affects normal rubber tapping operations, supporting raw material prices to remain firm at high levels. Rainfall in Yunnan's production areas eased, but the purchasing sentiment of dry rubber factories was high, driving up raw material prices.
|
price type |
September 12 |
September 13 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
47.2 |
47.4 |
0.2 |
baht/kg |
|
cup glue |
42.35 |
42.35 |
0 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
11700 |
11600 |
-100 |
Yuan/ton |
|
|
rubber block |
9900 |
9700 |
-200 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
12600 |
12500 |
-100 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
12600 |
12500 |
-100 |
Yuan/ton |
||
On the demand side: Tire companies have started operations and continued to operate at a high level. Due to external factors, shipments and production may have a certain impact. Recently, price increases have been reported frequently. Some companies with tight supply have also shown signs of price increases, and the stocking period is higher than that of other brands. The price increase has been shortened, and the company has entered a wave of "price increase".
Futures spot price list
|
price type |
September 12 |
September 13 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
12983 |
13017 |
33 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1500 |
1490 |
-10 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
11680 |
11550 |
-130 |
Yuan/ton |
|
|
Ningbo |
Hainan |
9300 |
9400 |
100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
10200 |
10200 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
2690 |
2745 |
55 |
Yuan/ton |
|
|
Main force-China All Latex |
1387 |
1278 |
-108 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.3053 |
7.3078 |
0.0025 |
Yuan |
|
|
Thai Baht to RMB |
0.2113 |
0.2104 |
-0.0009 |
Yuan |
||
market outlook
Recent rainfall of varying degrees in various production areas has had a certain impact on rubber cutting work. The narrow rise in raw material prices has provided support for the cost side. Rubber prices have remained high in the short term, but buying sentiment has gradually weakened, making it difficult to drag rubber prices. Continue upward space. China's ports and port inventories and social inventories have been slightly de-stocked, but downstream factories have intensified their rallies, and their willingness to replenish stocks has remained just in demand, making it difficult to boost rubber prices. Overall, the bullish news in the natural rubber market has begun to be digested one after another. In the short term, rubber prices have been slightly weak, with wide fluctuations dominant.