xinhua index | heavy rainfall continues in southeast asian production areas, and natural rubber prices have risen sharply
2024-09-24
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xinhua finance, beijing, september 24 (ji chao) xinhua index monitoring of natural rubber price index shows that from september 10 to september 23, the price of natural rubber rose sharply.
as of september 23, the price index of standard rubber (tsr20) was 1260.82 points, up 3.77% from the previous release date (september 9, the same below); the price index of mixed rubber (20#) was 1315.77 points, up 5.88% from the previous month.
natural rubber price index operation chart
data source: xinhua index
in terms of price, the average price of standard rubber and mixed rubber increased significantly. the average price of standard rubber (tsr20) fluctuated between us$1869.30 and us$1898.65 per ton; the average price of mixed rubber (20#) remained in the range of us$1890.00 to us$2020.00 per ton.
on the supply side, heavy rainfall continued in some production areas in southeast asia, with more rainfall than usual in vietnam, southern thailand, southwestern cambodia and other regions, affecting rubber tapping and causing raw material prices to continue to run at a high level.
on the demand side, the capacity utilization rate of tire companies fell slightly. according to data from longzhong information, as of september 19, the capacity utilization rate of china's full-steel tire sample companies was 60.18%, down 1.90 percentage points from the previous month and 5.12 percentage points from the previous year; the capacity utilization rate of semi-steel tire sample companies was 79.66%, down 0.26 percentage points from the previous month and up 0.58 percentage points from the previous year. li zhi, a senior analyst at longzhong information, believes that the "mid-autumn festival" holiday was during the week, and a few companies arranged a day or so of holiday, dragging the overall capacity utilization rate of sample companies down slightly. before the "national day", most companies had stable production schedules to reserve some inventory, and the overall shipment performance was average.
in terms of automobiles, according to statistics from the china passenger car association, from september 1 to 15, the passenger car market retailed 828,000 vehicles, an increase of 18% year-on-year and 12% month-on-month. the cumulative retail sales so far this year have reached 14.293 million vehicles, a year-on-year increase of 3%; from september 1 to 15, the national passenger car manufacturers wholesaled 868,000 vehicles, a year-on-year increase of 9% and a month-on-month increase of 45%. the cumulative wholesales so far this year have reached 16.808 million vehicles, a year-on-year increase of 4%.
comprehensive analysis shows that natural factors currently have a greater impact on rubber prices, and domestic and foreign raw material prices are strong. as the national day holiday approaches, market sentiment weakens and natural rubber prices tend to fall.
the natural rubber price index is operated by xinhua index research institute under china economic information service. the index includes four sub-indices: standard rubber (tsr20), mixed rubber (20#), concentrated latex and natural latex. the index is updated every working day, and the sample areas cover hainan and yunnan in my country, as well as thailand, indonesia and malaysia.
source: xinhua news agency client
