As of the close on July 25th, the closing price of the Asian MTBE market has increased by $5.5/ton compared to the previous trading day, with FOB Singapore closing at $800.99-802.99/ton. The closing price of the European MTBE market decreased by $23.75/ton compared to the previous trading day, and FOB ARA closed at $940.49-940.99/ton. The closing price of the MTBE market in the United States increased by $5.89/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $973.15-973.51/ton (274.13-274.23 cents/gallon).
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
7.1-7.26
https://www.100ppi.com/news/detail-20240726-3515072.html
SunSirs: The Natural Rubber Market Prices in China Shandong and Shanghai Increased on July 26
On July 26th, the price of natural rubber in the Shandong region rose. Natural rubber futures prices have fluctuated, with weak market demand for essential goods, and spot market merchants have slightly increased their offers by 50-250 RMB/ton. As of now, the 23 year Guangken full latex report is 14,300-14,350 RMB/ton; In 2022, Baodao/Guangkenbao reported a price of 14,000-14,050 RMB/ton; Thai RSS3 reports 18,200-18,250 RMB/ton; The price for 3L in Vietnam ranges from 14,600 to 14,650 RMB/ton.
On July 26th, the natural rubber market in Shanghai experienced an upward trend. Downstream demand is weak, and the price range of Shanghai adhesive is fluctuating. Spot merchants have raised their offers by around 100-200 RMB/ton. In 2022, the price of Baodao full latex was reported at 14,000-14,150 RMB/ton, and in 2023, the price of Thai No. 3 cigarette adhesive was reported at 18,200-18,250 RMB/ton. Vietnam 3L was reported at 14,450-14,500 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
7.1-7.26
https://www.100ppi.com/news/detail-20240726-3515057.html
SunSirs: China's Domestic Palm Oil Supply may Become Loose in the Fourth Quarter
On July 26th, the National Grain and Oil Information Center reported that there has been an increase in the purchase of palm oil for shipping, and the import of palm oil to ports has also increased. According to shipping schedule monitoring, the estimated arrival volume of palm oil in China from July to September is 350,000 tons, 320,000 tons, and 420,000 tons, respectively. At present, the procurement of shipping schedules from October to December is still underway. Considering the continuous accumulation of palm oil reserves in the production area, the import profit of palm oil in China is expected to improve in the future, and the purchase of ships will continue to increase. It is expected that the domestic supply of palm oil may be significantly loose in the fourth quarter, and prices will weaken.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
7.1-7.26