Daliy Report of NR & NR Latex Market on Aug 20th
CHEM99   Edit at:Thu, 21 Aug 2008 1:45:04 GMT 
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 1. Future market:
 
                                                                      Unit: Yen/kg
TOCOM 
Opening price
Top
Bottom
Closing offer
Markup
Latest contract808
322.1
323.7
316.4
319.2
-2.9
Benchmark 901
300.6
301.0
296.8
298.0
 1.8
 
                                                               Unit: Yuan/mt
SHFE
Opening price
Top
Bottom
Closing offer
Markup
Latest contract808
26,650
26,985
26,650
26,790
255
Main contract811
21,930
22,335
21,760
22,020
360
 
2. Pending order volumes and deal volumes in domestic plantation
 
Hainan:     
 
Products
Pending order volumes
Average price
Deal volume
Average price
SCR5(N)
126
26,633
-
-
SCR5(R)
646
26,861
588
26,878
SCR5(Z)
168
26,388
-
-
CNR
904
16,329
-
-
SCR10
-
-
-
-
 
Yunnan
 
Products
Pending order volumes
Average price
Deal volume
Average price
SCR5
580
27,350
-
-
CNR
-
-
-
-
SCR10
132
25,245
-
-
 
Guangdong:
 
 
Pending order volumes
Average price
Deal volume
Average price
Concentrated Latex
100
16,250
30
16,300
SCR10
42
25,300
-
-
 
3. Spot market in home and abroad:
 
Type
Markets/regions
Products
Market price (Yuan/mt)
Domestic Spot
N-China
SCR5
26,300-26,800
Thailand RSS3
24,200-24,500
Vietnam 3L
21,500
E-China
SCR5
26,600-26,700
Thailand RSS3
27,000
Imported Latex
18,400-18,600
S-China
Barrel NR Latex
18,500
Vietnam 3L
21,400-21,600
 
USD market:
 
Market
Markets/regions
Products
Market price ($/mt)
Qingdao Free Trade Zone
Thailand
RSS3
3,150
Indonesia
SIR20
3,020
Malaysia
SMR20
3,050
Thailand
STR20
3,060
    On Aug 20th, domestic spot prices continued weakness, and domestic SCR5 quotations was about Yuan26,500-26,800/mt, amid lower offers around Yuan26,300/mt. Vietnam 3L prices showed stable level at Yuan21,500/mt, and spot traders hold limited cargoes under flat sentiment. International NR prices appeared largely dropped. In Qingdao Free Trade Zone, Some reference quotations: SIR 20 offer was about $3,020/mt; STR 20 offer was about $3,050/mt. Recent deal offer of Thailand RSS3 was at $3,150/mt amid fewer offers, while deal prices were at lower level. SMR20 spot offer was reported at $3,060/mt.
 
4. Latex market:
 
    Today NR Latex market remained weakness, and imported NR latex CIF CMP prices were at $1,900-1,910/mt, and domestic market offers were around Yuan18,100-18,400/mt. Weaker demand continued sluggish, and slower dealing.
 
5. Summary:
 
    Fundamentals showed many shorts, and the medium-term short position remained. In views of short term, the trend will fluctuate effect by surrounding factor volatility; recent dollar index appeared adjustment, which will support to crude oil movements, such as crude oil on schedule in rebound, will have a certain degree of support to NR market trend, and this rebounded situation has always been closely linked to dollar index and the trend of crude oil. But considering the present situation, in the background of shorted fundamentals, this rebound was still only as market adjustments reflected pervious market.
 
    Today’s exchange rate: $1=6.8529RMB
 

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