Xinhua · Hainan Agricultural Reclamation - natural rubber series price index shows that from November 1 to November 7, 2022, natural rubber prices were mixed.

On November 7, the standard glue (TSR20) price index at 868.25 points, compared with (October 31, the same below) up 1.27%; Blended glue (20#) price index was at 847.16, down 0.78%; The milk price index was at 856.39, down 0.40%; The natural latex price index was at 806.08, down 0.56%.

Xinhua · Hainan Agricultural reclamation - natural rubber series price index running chart

　　

Data source: Xinhua Index

In terms of price, the average price of standard rubber increased slightly, while the average price of mixed rubber, concentrated milk and natural latex decreased slightly. Standard glue (TSR20) average price in the 1247.37-1277.37 / ton range fluctuation; The average price of mixed glue (20#) fluctuated in the range of $1244.87-1274.87 / ton; The average price of thick milk remains in the range of 7,670 to 7,740 yuan/ton; The average price of natural latex (dried) remained in the range of 10116.25-10246.60 yuan/ton.

At the supply end, the rainfall in Southeast Asia is further reduced, which weakens the influence on rubber cutting, and the supply of overseas raw materials tends to be relaxed overall. The phenological conditions in Hainan producing areas are normal and the supply of raw materials is stable.

Demand end, tire enterprise operating rate continues to fall. According to Lonzhong Information, as of November 3, 2022, the operating rate of all steel tire sample enterprises in China this week was 43.46%, down 8.49 percentage points month-on-month and 16.08 percentage points year-on-year; The operating rate of half steel tire sample enterprises was 57.66%, down 3.59 percentage points month-on-month and 2.81 percentage points year-on-year. Li Zhi, a senior analyst of Longzhong Information, believes that due to the impact of public health events, the production of enterprises in Guangrao area has not been resumed, and at the beginning of the month, some sample enterprises arranged routine maintenance, the start of the drag sample enterprises fell again, the foreign trade orders of enterprises increased within the week, domestic sales shipments are still relatively slow.

On the auto front, China's passenger car market sold 1.905 million units from Oct. 1 to 31, up 11 percent from a year earlier and down 1 percent from the same period last month, according to the Passenger Federation. As the weather turns cold, the end of the year purchase tax subsidy and new energy subsidy policies before the expiration will promote advance purchase, local pro-consumption policies will still help the end of the year car market strength.

On the supply end, the upstream supply growth rate is limited when the production areas at home and abroad enter the cut-off period in November. Demand end, tire operating rate is low, car sales are good, the overall supply and demand pattern is weak, but because the price of natural rubber has been at a low level, the range of continued decline is limited, it is expected that the price of natural rubber in a short time after the bottom rebound to maintain the shock trend.

Xinhua · Hainan Agricultural Reclamation - Natural Rubber series price index is jointly compiled and released by China Economic Information Agency and Hainan Agricultural Reclamation Investment Holding Group, including standard rubber (TSR20), mixed rubber (20#), concentrated milk and natural rubber latex four sub-indexes. The index is updated every working day, and the sample area covers Hainan, Yunnan, Thailand, Indonesia and Malaysia.