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index
On May 15, the STR20 price index of natural rubber in the Qingdao market was US$1375/ton, an increase of US$15/ton or 1.10% from the previous trading day.
market analysis
Futures market: On May 15, the opening price of RU2309 contract: 12050 yuan/ton, the highest price: 12335 yuan/ton, the lowest price: 12040 yuan/ton, and the closing price was 12305 yuan/ton, an increase of 335 yuan/ton from the previous trading day; The opening price of NR2307 contract: 9500 yuan/ton, the highest price: 9605 yuan/ton, the lowest price: 9480 yuan/ton, and the closing price was 9565 yuan/ton, an increase of 105 yuan/ton from the previous trading day.
spot market
Supply:
Foreign countries: Thailand's production areas are basically in the early stages of cutting and have not been fully increased.
China: The rainfall and weather in China's production areas have improved recently. The opening of Yunnan production areas is around 2- 3%, and the opening of Hainan production areas is better than that of Yunnan.
|
price type |
May 12 |
on May 15 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
43 |
43.1 |
0.1 |
baht/kg |
|
cup glue |
40 |
39.85 |
-0.15 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
10000 |
10000 |
0 |
Yuan/ton |
|
|
rubber block |
10100 |
10100 |
0 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
10700 |
10900 |
200 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
11400 |
11400 |
0 |
Yuan/ton |
||
On the demand side: The capacity utilization rate of maintenance companies has mostly returned to regular levels. Currently, the volume of foreign trade orders is supported, and the enthusiasm for scheduling is good. The overall inventory is growing. Due to production scheduling problems, the shortage of individual domestic specifications still exists. Currently, most semi-steel tire enterprise policies are not clear, and the overall shipment performance is average.
Futures spot price list
|
price type |
May 12 |
on May 15 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
11600 |
11900 |
300 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1360 |
1375 |
15 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
10580 |
10700 |
120 |
Yuan/ton |
|
|
Ningbo |
Hainan |
8300 |
8400 |
100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
8950 |
9100 |
150 |
Yuan/ton |
|
|
futures prices |
SHFE |
RU main contract closing price |
12015 |
12305 |
290 |
Yuan/ton |
|
INE |
NR main contract closing price |
9475 |
9565 |
90 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1435 |
1605 |
170 |
Yuan/ton |
|
|
Main force-China All Latex |
415 |
405 |
-10 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
6.9703 |
6.9814 |
0.0111 |
Yuan |
|
|
Thai Baht to RMB |
0.2121 |
0.2132 |
0.0011 |
Yuan |
||
market outlook
Futures continued to rise at the opening of today, and market bullish sentiment gradually warmed up. Some participants said it was still rumors surrounding purchasing and purchasing. Up to now, raw glue from China's foreign producing areas has not yet fully entered the stage of increasing quantity, and there is still support on the cost side. The start of tires on the demand side has rebounded. However, terminal demand is close to the seasonal off-season in the Chinese market. There is cumulative pressure on the inventory of finished products in tire factories, which has a negative impact on rubber prices. In the later period, China's arrival in Hong Kong may have a decline in imports due to the seasonal low production period, but the actual demand situation is weak, dragging rubber prices and insufficient motivation to increase.
