Group 1: Agricultural Products Price Index - The wholesale and retail price indices for agricultural products in Zibo have increased, with notable fluctuations in vegetables and fruits [1][2] - Garlic prices have decreased slightly, with a wholesale average of 3.19 yuan/kg, down 0.3 yuan/kg (7.89%) from last week, while retail prices remain stable at 5.13 yuan/kg [1] - Cucumber prices have risen significantly, with a wholesale average of 2.70 yuan/kg, up 0.50 yuan/kg (22.73%), driven by reduced supply due to weather conditions and high demand from the catering industry [1] - Leek prices have increased, with a wholesale average of 1.30 yuan/kg, up 0.30 yuan/kg (30.00%), attributed to slower growth and reduced supply of quality leeks [2] - Cabbage prices have also risen, with a wholesale average of 1.00 yuan/kg, up 0.20 yuan/kg (25.00%), due to adverse weather affecting vegetable production [2] - Pear prices have slightly decreased, with a wholesale average of 3.19 yuan/kg, down 0.03 yuan/kg (0.93%), as market demand shows seasonal recovery [3] - Overall, the supply of vegetables and fruits in Zibo is stable, with recommendations for consumers to purchase according to their needs [3] Group 2: Chemical Products Price Index - The Zibo chemical products price index is at 718.84, down from 721.70, indicating a slight decline [4] - The basic chemical products price index averages 708.16, down from 710.51, reflecting weak market conditions influenced by falling international oil prices [4] - The plastic products price index averages 744.34, down from 748.39, due to varying price trends among different plastic products [4] - The rubber products price index averages 548.27, up from 543.13, supported by strong synthetic rubber prices and tight supply of certain grades [4] Group 3: New Materials Price Index - The Zibo new materials price index is at 805.05, down from 808.07, indicating a downward trend [5] - The PC price index averages 758.32, down from 762.11, due to falling raw material prices [5] - The PA price index averages 678.37, down from 678.74, reflecting a stable but declining trend due to oversupply [5] - The PET bottle chip price index averages 894.20, down from 898.80, influenced by weak demand and declining raw material prices [5] Group 4: Natural Gas Price Index - The average LNG price in Zibo is 4192 yuan/ton, down 180 yuan/ton (4.13%) from last week, due to increased competition from imported LNG [6] - The liquid natural gas price index is declining, while the pipeline natural gas index remains unchanged [6] - Future expectations indicate continued downward pressure on LNG prices due to weak downstream demand [6] Group 5: Cement Price Index - The average price for various types of cement in Zibo remains stable, with no significant changes reported [7] - Specific prices include 264 yuan/ton for bagged PC42.5 cement and 270 yuan/ton for bulk PC42.5 cement, indicating stability in the market [7] - The overall cement price index in Zibo shows no fluctuations, reflecting a steady market environment [7]

Report Title - Rubber Sector Weekly Report for the 3rd Week of August 2025 [1] Report Author - Panshengjie, Head of the Chemical Research Team at the Commodity Research Institute, with investment consulting license number Z0014607 [2] Report Industry Investment Rating - Not provided Core Viewpoints - The fundamentals of natural rubber have improved month-on-month, but the year-on-year weak trend remains unchanged [5] - By the end of 2025, the mixed basis is expected to reach -1700 yuan/ton [4][8] - The year-end valuation of the unilateral price is expected to decline by -30% year-on-year [4][17] Summary by Related Catalogs Supply Side (Inventory and Imports) - In August, the inventory in Qingdao Free Trade Zone decreased for 3 - 4 consecutive weeks on a month-on-month basis, and the year-on-year inventory accumulation rate also narrowed. However, from the perspective of the 24-week average inventory change, both inside and outside the zone are still in the inventory accumulation stage. For example, the off-zone inventory was the same as the previous year in early April but had accumulated an additional 15.1 tons by August [4][8] - In July, the total inventory of NR warehouse receipts, in-zone inventory, and off-zone inventory in Qingdao Free Trade Zone was 67.56 tons, with an average inventory decrease of -8.0% year-on-year in the past six months and continuous inventory accumulation for eight months [15] - In June, the total import volume of standard rubber and mixed rubber from Thailand, Malaysia, and Indonesia was 35.45 tons, with an average year-on-year increase of 13.9% in the past six months and continuous marginal increase for 11 months [10] Supply Side (Raw Material Prices) - The upstream rainfall is relatively high, but the impact on price spreads is not significant due to low domestic production. In Thailand, the weighted rainfall for production has not increased significantly, especially in July and August, which decreased compared to the previous year [4][17] - The current marginal decrease in rainfall has a negative impact on the unilateral price, but the impact is not significant. It is more likely that the heavy rainfall in the first three quarters of 2024 will result in normal production in the second half of 2025, with a year-on-year decline of -30% in valuation [4][17] - The premium of Thai smoked sheet rubber over 20 rubber is +415 dollars/ton, with an average year-on-year decrease of -8.3% in the past three months, showing a marginal decline and being negative for the unilateral price of RU [24] - The premium of Thai glue over cup lump is +5.55 Thai baht/kg, with an average year-on-year decrease of -7.06 Thai baht/kg in the past nine months and continuous marginal weakening for ten months [24] Demand Side (Tire Consumption) - As of the end of last week, the production line operating rate of all-steel tires increased to 63.1%, with an average year-on-year increase of 10.7% in the past 12 weeks and continuous marginal increase for two weeks. The finished product inventory of all-steel tires has increased for two consecutive weeks to 40 days, with an average year-on-year decrease of -3.5% in the 24-week inventory and continuous marginal increase for three weeks [57] - The production line operating rate of semi-steel tires has decreased for four consecutive weeks to 72.1%, with an average year-on-year decrease of -3.8% in the past 24 weeks and continuous marginal decrease for four weeks. The product inventory of semi-steel tires has increased for two consecutive weeks to 47 days, with an average year-on-year increase of 36.0% in the 24-week inventory and continuous marginal decrease for 12 weeks [57] Demand Side (Automobile Industry) - As of July 2025, the domestic automobile inventory warning index has increased for two consecutive months to 57.2 points, with an average year-on-year decrease of -6.8% in the past 12 months and continuous expansion of the decline for four months, which is positive for the unilateral price of RU [66] - The European automobile industry index has rebounded for three consecutive months to -23.2 points [66] Spread Analysis - As of August, the discount of Indian standard rubber to Thai standard rubber has narrowed from -250 dollars/ton in April to -100 dollars/ton. The increasing trend of Indian standard rubber imports since February has not ended, which is negative for NR month spreads, NR - RU spreads, and the mixed basis [30] - Since mid-July, the RU September - January spread has started an anti-arbitrage logic, providing sufficient motivation to take delivery of old rubber. However, from the two factors determining the month spread, the current fundamentals still support the positive arbitrage logic of the near-month strengthening [37] - In August, the domestic annualized capital interest rate was 1.47%, with six consecutive months of interest rate cuts, which determines the narrowing of the September - January spread [37] - In August, the RU warehouse receipts decreased for four consecutive months to 17.77 tons, a year-on-year decrease of -25.5%, reaching a new low since September 2023. At the same time, the RU warehouse receipts have decreased marginally for seven consecutive months, which is positive for the near end [37] Synthetic Rubber Supply - As of last Friday, the domestic butadiene capacity utilization rate increased to 69.7%, with an average year-on-year increase of 0.8% in the past five weeks and continuous marginal increase for two weeks [50] - The domestic high-cis butadiene rubber capacity utilization rate decreased to 64.5%, with an average year-on-year increase of 12.1% in the past five weeks and continuous marginal increase for four weeks [50] - The domestic butadiene port inventory increased to 2.04 tons, with an average year-on-year decrease of -0.35 tons in the past five weeks and continuous marginal decrease for seven weeks [50] - The total inventory of domestic butadiene rubber traders and factories was 3.04 tons, with an average year-on-year increase of 0.68 tons in the five-week inventory and continuous marginal decrease for seven weeks [50]

Report Industry Investment Rating No relevant content provided. Core View of the Report - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run strongly, with an intraday view of being strongly volatile and a medium - term view of being volatile [1][5][7] Summary by Relevant Catalogs Shanghai Rubber (RU) - **Short - term, Medium - term and Intraday Views**: Short - term: volatile; Medium - term: volatile; Intraday: strongly volatile, with a reference view of running strongly [1][5] - **Core Logic**: As the previous macro - driving force weakens, the rubber market returns to a market dominated by a weak supply - demand structure. The Southeast Asian rubber - producing areas are in the peak tapping season, and domestic production areas are also releasing new rubber output, resulting in high supply pressure. However, the domestic heavy - truck sales data and new - car production and sales data for August are better than expected, showing a significant year - on - year increase. With the rubber market entering a stage of divergence between bulls and bears, the night session of the Shanghai rubber futures 2601 contract on Friday maintained a volatile and stable trend, with the futures price up 0.25% to 15,820 yuan/ton. It is expected that the Shanghai rubber futures 2601 contract may maintain a strongly volatile trend on Monday [5] Synthetic Rubber (BR) - **Short - term, Medium - term and Intraday Views**: Short - term: volatile; Medium - term: volatile; Intraday: strongly volatile, with a reference view of running strongly [1][7] - **Core Logic**: As the previous macro - driving force weakens, the synthetic rubber market returns to a market dominated by a weak supply - demand structure. The operating load of domestic synthetic rubber plants is stable, and supply pressure remains. The domestic heavy - truck sales data and new - car production and sales data for August are better than expected, showing a significant year - on - year increase. With the synthetic rubber market entering a stage of divergence between bulls and bears, the night session of the domestic synthetic rubber futures 2510 contract on Friday maintained a volatile and stable trend, with the futures price up 0.77% to 11,800 yuan/ton. It is expected that the domestic synthetic rubber futures 2510 contract may maintain a strongly volatile trend on Monday [7]

Report Summary 1. Industry Investment Rating No investment rating provided in the report. 2. Core View The market has support at the bottom, and short - term long trades are recommended. The overall situation of natural rubber is neutral, with multiple factors affecting supply, demand, and price [4]. 3. Summary by Directory Daily Hints - Fundamental situation: Supply is increasing, spot is strong, domestic inventory is rising, and tire operating rate is at a high level, overall neutral [4]. - Basis: Spot price is 14,750, basis is - 1,155, showing a bearish signal [4]. - Inventory: Shanghai Futures Exchange inventory increased week - on - week and decreased year - on - year; Qingdao area inventory decreased week - on - week and increased year - on - year, overall neutral [4]. - Market: The price is above the 20 - day line, and the 20 - day line is upward, showing a bullish signal [4]. - Main positions: The main net position is short, and short positions are decreasing, showing a bearish signal [4]. Fundamental Data - **Supply and Demand** - Supply is increasing, which is a bearish factor [4][6]. - Downstream consumption is high, which is a bullish factor [6]. - Tire production reached a new high in the same period, which is a bullish factor [29]. - Tire industry exports are falling, which is a bearish factor [32]. - Automobile production and sales are seasonally falling, which is a bearish factor [23][26]. - **Price** - The spot price of 2023 whole latex (non - deliverable) fell on August 15 [8]. - The basis weakened on August 15 [35]. - **Inventory** - Exchange inventory has increased recently [14]. - Qingdao area inventory has changed slightly recently [17]. Multi - empty Factors and Main Risk Points - **Bullish Factors** - High downstream consumption [6]. - Resilient spot prices [6]. - Anti - involution in the domestic market [6]. - **Bearish Factors** - Increasing supply [6]. - Qingdao area did not have seasonal inventory reduction [6].

Report Industry Investment Rating No relevant content provided. Core Viewpoints - Although the geopolitical premium has completely dissipated and the macro - environment is bearish, current oil prices are relatively undervalued, with good static fundamentals and positive dynamic forecasts. It's a good time for left - hand side layout, and if the geopolitical premium re - emerges, oil prices will have more upside potential [2] - For methanol, current reality is weak, but demand is expected to improve with the arrival of the peak season. It's recommended to wait and see [4] - For urea, the current situation is weak, but with low corporate profits, the downside is limited. There is a lack of upward drivers, but when positive factors emerge, prices may break out of the consolidation range. It's advisable to focus on long - position opportunities on dips [6] - For rubber, NR and RU are showing a strengthening trend in the oscillation. It's recommended to take a neutral view and wait and see in the short term, and consider a band - trading strategy of going long on RU2601 and short on RU2509 [8][10] - For PVC, it has a situation of strong supply, weak demand, and high valuation. It's necessary to observe whether exports can reverse the domestic inventory build - up situation. It's recommended to wait and see [10] - For benzene styrene, the cost side has support, and the BZN spread has room for upward repair. Prices are expected to follow the cost side and oscillate upwards [12] - For PX, it has high load, and with new PTA installations, it's expected to continue de - stocking. It's recommended to look for long - position opportunities on dips following crude oil when the peak season arrives [18][19] - For PTA, there is expected continuous inventory build - up, and the processing fee has limited room for operation. It's recommended to look for long - position opportunities on dips following PX when downstream performance improves in the peak season [20] - For ethylene glycol, the fundamental situation is expected to turn from strong to weak, and there is short - term pressure on valuation decline [21] Summary by Category Crude Oil - As of last Friday, WTI main crude oil futures closed down $0.79, a 1.24% decline, at $63.14; Brent main crude oil futures closed down $0.76, a 1.14% decline, at $66.13; INE main crude oil futures closed up 4.40 yuan, a 0.91% increase, at 486.3 yuan [1] - European ARA weekly data showed that gasoline inventory decreased by 0.63 million barrels to 8.75 million barrels, a 6.76% decline; diesel inventory increased by 0.73 million barrels to 13.89 million barrels, a 5.56% increase; fuel oil inventory increased by 0.20 million barrels to 6.75 million barrels, a 3.00% increase; naphtha inventory increased by 0.76 million barrels to 5.72 million barrels, a 15.25% increase; aviation kerosene inventory increased by 0.50 million barrels to 7.29 million barrels, a 7.31% increase; total refined oil inventory increased by 1.55 million barrels to 42.40 million barrels, a 3.78% increase [1] Methanol - On August 15, the 01 contract dropped 23 yuan/ton to 2412 yuan/ton, and the spot price dropped 25 yuan/ton, with a basis of - 87 [4] - Coal prices have bottomed out and risen, increasing methanol costs, but coal - to - methanol profits are still at a high level compared to the same period. Domestic production is gradually bottoming out and rising, and overseas installations are at a high level, so imports will gradually increase, resulting in large supply pressure [4] - Traditional demand has low profits, and attention should be paid to the actual demand during the "Golden September and Silver October". Olefin profits have improved, but port operation rates are low, and demand is weak [4] Urea - On August 15, the 01 contract rose 11 yuan/ton to 1737 yuan/ton, and the spot price dropped 10 yuan/ton, with a basis of - 37 [6] - Domestic production has turned from decline to increase, and corporate profits are still low but are expected to gradually bottom out and recover. Production is still at a medium - to - high level compared to the same period, and overall supply is relatively loose [6] - Domestic agricultural demand is ending and will enter the off - season. Compound fertilizer production is rising, and finished product inventory is at a high level. Exports are progressing steadily, and overall demand is average [6] Rubber - NR and RU are strengthening in the oscillation [8] - As of August 14, 2025, the operating load of all - steel tires of Shandong tire enterprises was 63.07%, up 2.09 percentage points from last week and 7.42 percentage points from the same period last year. Domestic and export orders for all - steel tires are normal. The operating load of semi - steel tires of domestic tire enterprises was 72.25%, down 2.28 percentage points from last week and 6.41 percentage points from the same period last year. Export orders for semi - steel tires are weak [9] - As of August 10, 2025, China's natural rubber social inventory was 127.8 tons, down 1.1 tons from the previous week, a 0.85% decline. The total inventory of dark rubber was 79.7 tons, down 0.8%; the total inventory of light rubber was 48 tons, down 0.8%. RU inventory increased by 1%. As of August 11, 2025, the inventory of natural rubber in Qingdao was 48.72(-1.4) tons [9] PVC - The PVC09 contract dropped 16 yuan to 4954 yuan, the spot price of Changzhou SG - 5 was 4850(-10) yuan/ton, the basis was - 104(+6) yuan/ton, and the 9 - 1 spread was - 143(+11) yuan/ton [10] - The cost of calcium carbide decreased, and the overall PVC operating rate was 80.3%, up 0.9% from the previous period. Among them, the calcium carbide method was 80%, up 1.3%; the ethylene method was 81.3%, down 0.2% [10] - The overall downstream operating rate was 42.8%, down 0.1% from the previous period. Factory inventory was 32.7 tons (-1), and social inventory was 81.2 tons (+3.5) [10] Benzene Styrene - Spot prices dropped, futures prices rose, and the basis weakened [12] - The market's macro - sentiment is good, and the cost side still has support. The BZN spread is at a relatively low level compared to the same period, with large upward repair space [12] - The profit of ethylbenzene dehydrogenation has increased, and production is rising. Port inventory is continuously and significantly decreasing, and the demand - side operating rate of three S products is oscillating upwards [12] PX - The PX11 contract rose 74 yuan to 6688 yuan, PX CFR rose 3 dollars to 827 dollars, the basis was 115 yuan (-46), and the 11 - 1 spread was 6 yuan (+10) [18] - China's PX load was 84.3%, up 2.3% from the previous period; Asian load was 74.1%, up 0.5% [18] - Some domestic and overseas installations had restarts and shutdowns. PTA load was 76.4%, up 1.7%. In August, South Korea's PX exports to China were 11.2 tons, down 0.5 tons from the same period last year [18] PTA - The PTA09 contract rose 36 yuan to 4676 yuan, the spot price in East China rose 10 yuan to 4660 yuan, the basis was - 13 yuan (+1), and the 9 - 1 spread was - 40 yuan (-14) [20] - PTA load was 76.4%, up 1.7%. Some installations had restarts and shutdowns. Downstream load was 89.4%, up 0.6%. Terminal draw - texturing load rose 2% to 72%, and loom load rose 4% to 63% [20] - As of August 8, social inventory (excluding credit warehouse receipts) was 227.3 tons, up 3.3 tons from the previous period [20] Ethylene Glycol - The EG09 contract rose 2 yuan to 4369 yuan, the spot price in East China dropped 6 yuan to 4462 yuan, the basis was 88 yuan (+6), and the 9 - 1 spread was - 43 yuan (+4) [21] - The supply - side load was 66.4%, down 2%. Among them, synthetic gas - based production was 80.5%, up 5.3%; ethylene - based production was 57.9%, down 6.4%. Some installations had restarts and shutdowns [21] - Downstream load was 89.4%, up 0.6%. Terminal draw - texturing load rose 2% to 72%, and loom load rose 4% to 63%. The expected import volume was 14.1 tons, and the outbound volume from East China on August 14 was 0.67 tons. Port inventory was 55.3 tons, up 3.7 tons [21]

Group 1 - Canada has imposed high tariffs on Chinese goods, including a 100% tariff on electric vehicles and a 25% tariff on steel and aluminum, in an attempt to appease the United States [1][3] - The Chinese market is crucial for Canada, with over half of its canola exports relying on China, amounting to nearly 26 billion RMB last year [3] - In response to Canada's actions, China has implemented significant countermeasures, including a 75.8% deposit on canola and anti-dumping investigations on other products [3][5] Group 2 - The U.S. has increased tariffs on Canadian imports, raising the stakes for Canada as it tries to align with U.S. interests while facing backlash from China [3][5] - China's response is framed as a legitimate action under its trade laws, contrasting with the U.S. approach of unilateral tariff increases [5] - The situation highlights the risks of relying on a single market, as Canada may struggle to find alternative buyers like China in the future [7]

Investment Rating - The report maintains a positive outlook on the chemical industry, particularly focusing on heat dissipation materials and helium gas from Russia, as well as incidents affecting Zhongkun Chemical [3][4]. Core Insights - The macroeconomic judgment indicates that non-OPEC countries are expected to lead an increase in oil production, with a significant overall supply growth anticipated. Global GDP growth is projected at 2.8%, with stable oil demand despite some slowdown due to tariffs [3][4]. - The trend towards liquid cooling in AI servers is highlighted, with significant power requirements leading to increased demand for specialized cooling materials. The report suggests monitoring companies like Bayi Shikong, New Era, Dongyangguang, Yonghe Co., and Juhua Co. [3][4]. - Recent incidents affecting helium supply in Russia and a fire at Zhongkun Biotech are expected to positively impact the helium supply-demand balance, with recommendations to focus on companies like Guanggang Gas, Huate Gas, and Jinhong Gas [3][4]. Summary by Sections Industry Dynamics - Oil supply is expected to increase significantly, with non-OPEC countries leading the way. Global oil demand remains stable, but growth may slow due to tariff impacts. Coal prices are expected to stabilize at low levels, while natural gas export facilities in the U.S. may reduce import costs [4][5]. Chemical Sector Configuration - The report notes a decrease in oil prices and an increase in coal prices, with industrial product PPI showing a year-on-year decline of 3.6%. Manufacturing PMI recorded at 49.3%, indicating a slight contraction in manufacturing activity [3][5]. Investment Analysis - Traditional cyclical investments should focus on leading companies in their respective sectors, including Wanhu Chemical, Hualu Hengsheng, and Baofeng Energy. Growth sectors include semiconductor materials and OLED panel materials, with specific companies highlighted for their potential [3][4][17].

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The short - term rainy weather in the production areas continues to affect the release of new rubber, the raw material trend is strong, and the cost support is strong. There is still a bullish sentiment in the market. However, according to Longzhong, downstream enterprises may control production in late August, and the de - stocking speed of spot inventory is expected to slow down, which may suppress the price rebound. Under the game of supply and demand, it is expected that the short - term natural rubber price will maintain a range - bound consolidation [80][81]. 3. Summary by Related Catalogs Industry News - Cambodia's rubber production in the first 7 months of 2025 reached 179,198 tons, a year - on - year increase of 1.31%. In July, the production was 36,855 tons, a month - on - month increase of 12.37% and a year - on - year increase of 8.99%. The latex export volume decreased by 15.4% to 147,071 tons, but the domestic consumption increased by 76% to 64,978 tons [5]. - Malaysia's natural rubber production in the first half of 2025 decreased by 0.4% to 163,044 tons. In June, the export volume decreased by 25.3% year - on - year, the import volume increased by 2.7% year - on - year, and the domestic consumption decreased by 6.4% year - on - year [6]. - In July 2025, China's passenger vehicle production and sales were 229.3 million and 228.7 million respectively, a month - on - month decrease of 6% and 9.8%, and a year - on - year increase of 13% and 14.7%. The production and sales of new energy vehicles were 124.3 million and 126.2 million respectively, a year - on - year increase of 26.3% and 27.4% [7]. Market Trends - This week, the domestic and foreign markets continued to rise synchronously. On August 15, 2025, the closing prices of RU2601, NR2601, Singapore TSR20:2601, and Tokyo RSS3:2601 were 15905 yuan/ton, 12815 yuan/ton, 174 cents/kg, and 319.5 yen/kg respectively, with weekly increases of 2.28%, 1.83%, 1.52%, and 0.66% [10][11]. Basis and Calendar Spreads - On August 15, 2025, the basis of whole - milk rubber to RU was - 1005 yuan/ton, with a month - on - month decrease of 0.50% and a year - on - year increase of 36.19%. The 01 - 05 month spread was - 80 yuan/ton, with a month - on - month increase of 15.79% and a year - on - year increase of 48.39% [20]. Other Spreads - Spreads such as RU - NR, RU - BR, NR - SGX TSR20, and RU - JPX RSS3 increased. On August 15, 2025, the spreads of RU01 - NR01, RU01 - BR01, NR01 - TSR20 01, and RU01 - Tokyo RSS3 01 were 3090 yuan/ton, 4075 yuan/ton, 396.45 yuan/ton, and 292.22 yuan/ton respectively [23][24]. - The spreads of imported rubber to RU decreased. On August 15, 2025, the spreads of Thai mixed rubber - RU01, Malaysian mixed rubber - RU01, 3L - RU01, and African No. 10 rubber - RU01 were - 1255 yuan/ton, - 1305 yuan/ton, - 1005 yuan/ton, and - 3486.45 yuan/ton respectively [27]. - The spread of whole - milk rubber to Thai mixed rubber increased, while the spread of 3L to Thai mixed rubber decreased. On August 15, 2025, the spreads were 250 yuan/ton, with a month - on - month change of 47.06% and - 32.43% respectively [32][33]. Substitute Prices - The price of synthetic rubber increased slightly, with a smaller increase than RU, and the spread between synthetic rubber and RU widened. On August 15, 2025, the prices of Chinese mainstream market butadiene rubber and styrene - butadiene rubber were 11700 yuan/ton and 12200 yuan/ton respectively [35][36]. Fund Flows - On August 15, 2025, the virtual - to - physical ratio of RU was 10.36, with a month - on - month decrease of 0.16% and a year - on - year increase of 10.79%. The virtual - to - physical ratio of NR was 22.92, with a month - on - month decrease of 8.14% and a year - on - year increase of 256.95%. The settled funds of RU and NR were 58.51 billion yuan and 27.54 billion yuan respectively [38][39]. Fundamental Data Supply - The temperature and rainfall in southern Thailand increased significantly recently. The rainfall in Hainan and Yunnan has eased recently [43][44]. - Due to continuous rainfall in the production areas, the release of new rubber was limited, pushing up the raw material purchase price. On August 15, 2025, the prices of Thai cup rubber, glue, smoked sheets, and raw sheets were 49.8 baht/kg, 54.2 baht/kg, 63.15 baht/kg, and 59.25 baht/kg respectively [46][47]. - The spread between Thai glue and cup rubber and the spread of Hainan glue between concentrated latex factories and whole - milk factories decreased. On August 15, 2025, they were 4.40 baht/kg and 600 yuan/ton respectively [55][56]. - The production profits of Thai standard rubber and smoked sheets and Hainan concentrated latex decreased, while the production profit of Thai concentrated latex increased. On August 15, 2025, they were - 209 yuan/ton, 2543 yuan/ton, 814.13 yuan/ton, and 670.13 yuan/ton respectively [58][59]. - In June 2025, China's natural rubber imports (including mixed and composite rubber) increased by 2.21% month - on - month and 33.95% year - on - year. The imports of Thai mixed rubber, Vietnamese mixed rubber, and Vietnamese standard rubber increased significantly month - on - month, while the import of Thai standard rubber decreased significantly month - on - month [62][63]. Demand - The capacity utilization rate of China's semi - steel tire sample enterprises was 69.11%, with a month - on - month decrease of 0.86 percentage points and a year - on - year decrease of 13.24 percentage points. The capacity utilization rate of China's full - steel tire sample enterprises was 62.62%, with a month - on - month increase of 4.26 percentage points and a year - on - year increase of 6.26 percentage points. Tire inventory increased slightly compared with last week [66][67]. - In June 2025, the exports of full - steel tires and semi - steel tires decreased both month - on - month and year - on - year. The sales volume of heavy - duty trucks improved significantly both month - on - month and year - on - year. In July, the sales volume of passenger vehicles weakened seasonally month - on - month but remained at a high level year - on - year [70][71]. Inventory - This week, the social inventory of natural rubber decreased significantly, with both dark and light rubber decreasing. Qingdao Port had a significant decrease in inventory, while Yunnan and Vietnamese rubber had a slight increase in inventory [72].

Group 1 - In April 2025, China's synthetic rubber production reached 743,000 tons, representing a year-on-year growth of 15.2% [1] - The growth rate in April 2025 was 16.7 percentage points higher than the same month in the previous year [1] - For the period from January to April 2025, the total synthetic rubber production was 2,947,000 tons, with a year-on-year increase of 11.3% [4] - The growth rate for the first four months of 2025 was 10.2 percentage points higher compared to the same period in the previous year [4]

证券之星消息，8月15日橡胶板块较上一交易日上涨2.22%，利通科技领涨。当日上证指数报收于 3696.77，上涨0.83%。深证成指报收于11634.67，上涨1.6%。橡胶板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300767 | 震安科技 | - 4711.79万 | 14.24% | 347.41万 | 1.05% | -5059.20万 | -15.30% | | 002068 | 黑猫股份 | 4029.69万 | 9.00% | -2502.81万 | -5.59% | -1526.88万 | -3.41% | | 300587 | 天铁科技 | 3917.91万 | 14.28% | -1253.21万 | -4.57% | -2664.69万 | ...