橡胶产业数据日报-20251106

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The rubber market is in a weak and volatile state. The overall downward space may be limited as the short - term commodity market is weak. The recommended trading strategy is to hold long single - side positions [3][4] 3. Summary by Relevant Catalogs 3.1 Futures Disk - Domestic Futures: RU主力 decreased by 25 to 14850, NR主力 decreased by 25 to 11935, and BR主力 increased by 30 to 10235 [3] - Foreign Futures: Tocom RSS3 increased by 0.7 to 310.8 yen/kg, Sicom TF remained unchanged at 167.8 cents/kg [3] - Futures Spreads: Some spreads changed, such as RU2605 - RU2601 increased by 10 to 95, RU2609 - RU2605 decreased by 15 to 55, etc [3] 3.2 Raw Material Prices - Thailand: The price of smoke - sheet rubber decreased by 0.70 to 58.30 baht/kg, and the price of glue remained stable at 56.30 baht/kg [3] - Hainan and Yunnan: The price of Yunnan glue for concentrated latex decreased by 200 to 13700 yuan/ton, and the price of Yunnan rubber block for whole - milk decreased by 200 to 13600 yuan/ton [3] 3.3 Factory Costs and Profits - Delivery Profits: Hainan's whole - milk latex delivery profit decreased by 27 to - 3067, while Yunnan's increased by 73 to - 547, and Thailand's increased by 15 to 500 [3] - Production Profits: Hainan's concentrated latex production profit remained unchanged, and Thailand's smoke - sheet rubber profit increased by 20 to 2045, etc [3] 3.4 Domestic Spot - Light - colored Rubber: The price of Vietnam 3L decreased by 50 to 14950, and the price of Thai mixed decreased by 20 to 14380 [3] - Dark - colored Rubber: The price of Thai standard increased by 3 to 12904, and the price of domestic standard II remained unchanged at 13700 [3] - Latex and Synthetic Rubber: The prices of Shanghai's Huangchunfa bulk latex and Hainan bulk latex decreased by 50, and the prices of synthetic rubbers such as BR9000, SBR1502, and SBR1712 also decreased [3] 3.5 Overseas Spot - The prices of overseas spot rubbers such as Thai mixed CIF, Malaysian mixed CIF, and Thai standard CIF all decreased [3] 3.6 Price Spreads - Futures - Spot Spreads: Some spreads changed, such as RU - Thai mixed decreased by 5 to 470, NR - Thai standard delivery profit decreased by 26 to - 863 [3] - Spot Spreads: The spreads between different rubber varieties also changed, such as the spread between old whole - milk and Vietnam 3L decreased by 50 to - 600 [3] 3.7 Exchange Rates and Interest Rates - Exchange Rates: The US dollar index remained unchanged at 100.2092, the US dollar/Chinese yuan increased by 0.002 to 7.0901, and other exchange rates remained stable [3] - Interest Rates: SHIBOR - overnight remained unchanged at 1.315, and SHIBOR - seven - day increased by 0.008 to 1.423 [3] 3.8 Supply and Demand - Supply: The price of raw material glue in Thailand remained stable, and the supply in Yunnan decreased slightly [3][4] - Inventory: As of November 2, 2025, China's natural rubber social inventory was 105.6 million tons, a month - on - month increase of 1.7 million tons (1.6%); the total social inventory of dark - colored rubber increased by 3%, and that of light - colored rubber decreased by 0.4% [4] - Demand: The capacity utilization rates of full - steel tire and semi - steel tire sample enterprises decreased [4]