The spot price of natural rubber mesh in the fifth week of August 2022 is shown in the figure below.
Rubber futures closed in the fifth week of August 2022: narrow range shock on August 29, range shock on August 30, and weak operation on August 31.
The spot price of natural rubber mesh in the first week of September 2022 is shown in the chart below.
Rubber futures closed in the first week of September 2022: hovering for the bottom on September 1 and rebounding from a new low on September 2.
The spot price of natural rubber mesh in the fifth week of August 2022 is shown in the figure below.
Inventory aspect
As of September 2, 2022, the natural rubber inventory of the previous period was 288790 (1908) tons, and the warehouse receipt was 262270 (810) tons. No. 20 rubber inventory 67596 (-1462) tons, warehouse receipt 59412 (-1380) tons.
Market-wise
1. As of September 2, 2022, the operating load of all steel tires of rubber tire enterprises in Shandong was 57.7%, up 7.57 percentage points over the same period last year.
The operating load of semi-steel tires of domestic rubber tire enterprises was 62.70%, up 8.04 percentage points over the same period last year.
2. According to the China Rubber Information Trade Network, in the first seven months of 2022, Thailand's exports of natural rubber (excluding composite rubber) totaled 1.988 million tons, an increase of 6.6% year-on-year.
From January to July, the total export of natural rubber to China was 586,000 tons, down 7% year-on-year.
3. According to the first commercial vehicle network, in August this year, the mainland heavy-duty truck market sold about 45,000 vehicles (billing caliber), basically unchanged from July this year, down 12% from 51,300 units in the same period last year, a net decrease of 6,300 vehicles.
From January to August this year, the heavy-duty truck market sold 470,000 units, down 60% from 1.174 million units in the same period last year, a decrease of 700,000 units.
4. According to Jinlianchuang Rubber News, in July 2022, Thailand's natural rubber (including latex, tobacco film glue, standard rubber, mixed rubber, composite rubber, other rubber) exported 426,900 tons, up 2.65% month-on-month and 20.35% year-on-year.
In July, Thailand's natural rubber (excluding composite rubber and mixed rubber) exported 285,300 tons, up 5.09% month-on-month and 15.42% year-on-year.
Message aspect
1. According to the Rubber Research Institute of the Chinese Academy of Tropical Agricultural Sciences, looking forward to 2022, global natural rubber production may increase by 1.80% to 3.50%, consumption increased by 3.00%, and the possibility of a substantial increase in natural rubber prices is small and volatile; Among them, the production and sales of natural rubber in the mainland may increase slightly, and the competition in the concentrated latex market may be aggravated.
2. According to the news of China Tire Business Network, on August 30, Triangle Tire released its 2022 semi-annual report, and from January to June, the company achieved revenue of 4.277 billion yuan and net profit of 217 million yuan.
Among them, the second quarter achieved revenue of 2.426 billion yuan, an increase of 31% over the first quarter; Achieved a net profit of 159 million yuan, an increase of 172% over the first quarter.
3. According to the news of tire world network, on August 27, Hainan Natural Rubber Industry Group Co., Ltd. released the 2022 semi-annual report.
Hainan Rubber's revenue in the first half of the year fell slightly, and the loss decreased year-on-year.
The data shows that from January to June, the company achieved operating income of 6.421 billion yuan, down 1.36% year-on-year.
4. According to the news of poly rubber, Qingdao Shuangxing released a semi-annual performance report on the evening of August 28, saying that the operating income in the first half of 2022 was about 1.935 billion yuan, a year-on-year decrease of 14.68%.
5. According to the news of China Rubber Magazine, on August 29, Qingdao Sen Qilin Tire Co., Ltd. released its 2022 semi-annual report.
In the first half of 2022, Sen Qilin achieved operating income of 3.159 billion yuan, an increase of 24.83% year-on-year; Attributable net profit was 478 million yuan, an increase of 20.36% year-on-year.
Among them, the operating income in the second quarter was 1.711 billion yuan, an increase of 28.14% year-on-year and an increase of 18.23% month-on-month; Attributable net profit was 245 million yuan, an increase of 44.03% year-on-year and 4.93% month-on-month.
6. According to poly rubber news, Fengshen Tire released its 2022 semi-annual report. According to the report, from January to June, Fengshen Tire achieved operating income of 2.391 billion yuan (the following are rounded up), a decrease of 20.70% compared with the same period last year; The net profit attributable to the shareholders of the listed company was 10.8795 million yuan.
7. According to the news of poly rubber, Guizhou Tire released its 2022 semi-annual report on the evening of August 30, and the company achieved operating income of 3.95 billion yuan, an increase of 13.16% over the same period last year; Net profit was 160 million yuan, down 18.80% from the same period last year.
8. According to the news of tire world network, on August 30, Pulin Chengshan Holdings Co., Ltd. disclosed the performance from January to June.
According to the data, the company achieved revenue of 4.0912 billion yuan, an increase of about 9% year-on-year;
Net profit attributable to shareholders was approximately RMB158.6 million, down approximately 35.4% year-on-year.
9. According to the China Automobile Dealers Association, on August 31, 2022, the latest issue of the "China Auto Dealers Inventory Alert Index Survey" VIA (Vehicle Inventory Alert Index) released by the China Automobile Dealers Association shows that the inventory warning index of Chinese auto dealers in August 2022 was 54.7%, up 3.0 percentage points year-on-year and 0.3 percentage points month-on-month, and the inventory warning index was above the boom-bust line. (Text/Natural Rubber Mesh)