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[Natural Rubber]: Rubber Daily Journal (February 27)

81,491
February 27, 2024, 4:56 PM

Analysis of natural rubber market price on February 27

index

On February 27, the STR20 price index of natural rubber in the Qingdao market was US$1630/ton, up 20 or 1.24% from yesterday.

market analysis

futures market

date

Previous period: RU Futures

main contract

closing price

opening price

Low-end price

High-end price

closing price

RU01

RU05

RU09

on February 27

13770

13765

14015

13965

15140

13965

14115

on February 26

13795

13680

13810

13750

14905

13750

13910

rise and fall

-25

85

205

215

235

215

205

 

date

Previous period energy: NR futures (closing price)

NR main force

NR01

NR05

NR09

on February 27

11925

11950

11965

11970

on February 26

11695

11840

11740

11760

rise and fall

230

110

225

210

 

spot market

Supply:

Foreign: Thailand's raw material market is in short supply, prices have increased slightly, and cost support is still acceptable.

China: China's production areas have entered a cut-off period, and raw material prices are not available.

price type

on February 26

on February 27

rise and fall

units

raw material prices

Thailand

glue

68.25

68.75

0.5

baht/kg

cup glue

52.8

53.65

0.85

baht/kg

Yunnan

Glue (into the dry glue factory)

0

0

0

Yuan/ton

rubber block

 

 

 

Yuan/ton

Hainan

Glue (into the dry glue factory)

0

0

0

Yuan/ton

Glue (Jinnong Dairy Factory)

 

 

 

Yuan/ton

 

On the demand side: There is currently a shortage of some models in the semi-steel tire market; the peak of full-steel tire shipments after the holiday has been delayed compared with previous years. In terms of the market, the overall operating load of the downstream tire industry is relatively stable, and companies are not willing to reduce prices and promote sales. Currently, foreign trade shipments are still acceptable, but the overall domestic sales volume is not high. The overall market shipment performance is relatively average, and companies are slow to remove warehouses.

Futures spot price list

price type

on February 26

on February 27

rise and fall

units

price of finished products

Shandong

China All Latex

13033

13233

200

Yuan/ton

Qingdao

Thailand No. 20 standard glue

1610

1630

20

us dollars/ton

Qingdao

Thailand No. 20 mixed glue

12780

13050

270

Yuan/ton

Ningbo

Hainan

11550

11600

50

Yuan/ton

Ningbo

Thailand Non-Yellow Bulk

12550

12700

150

Yuan/ton

the current price difference

Main force-Thailand No. 20 mixed glue

970

915

-55

Yuan/ton

Main force-China All Latex

717

732

15

Yuan/ton

relevant exchange rate

us dollar against the RMB

7.2146

7.2146

0

Yuan

Thai Baht to RMB

0.204

0.2048

0.0008

Yuan

 

market outlook

The supply of raw materials in the overseas rubber market is relatively tight, and the price policy in the Thai market is not yet in place; the overall inventory of the natural rubber market remains high. Although downstream companies have resumed work and production, the inventory of finished products on the site has accumulated serious, and the demand for raw materials is mostly just demand. It is expected that the short-term natural rubber market prices are stable.