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[Natural Rubber]: Rubber Daily Journal (March 4)

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March 4, 2024, 4:49 PM

Analysis of natural rubber market price on March 4

index

On March 4, the STR20 price index of natural rubber in the Qingdao market was US$1625/ton, down 5 or 0.3% from the previous working day.

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

March 4

13950

13755

13955

13850

15020

13850

13975

March 1

13965

13820

13985

13915

15065

13915

14025

rise and fall

-15

-65

-30

-65

-45

-65

-50

 

date

Previous period energy: NR futures (closing price)

NR main force

NR01

NR05

NR09

March 4

11710

11910

11710

11780

March 1

11725

11900

11780

11800

rise and fall

-15

10

-70

-20

 

spot market

Supply:

Foreign: Thailand's raw material prices fluctuate, glue prices have increased, and rubber cup prices have fallen.

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

price type

March 1

March 4

rise and fall

units

raw material prices

Thailand

glue

70.5

71.8

1.3

baht/kg

cup glue

54

53.85

-0.15

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: Semi-steel tire companies have maintained a high level of start-up, and output has increased compared with the previous period; the all-steel tire market has declined. After the holiday, agent order meetings have been held one after another. Most brands have given certain sales policies to downstream channel customers, and channel customers are cautious when taking goods., lack of enthusiasm for replenishing goods. In terms of the market, the overall shipments of the tire industry are still acceptable, and the inventory in the city is relatively low.

Futures spot price list

price type

March 1

March 4

rise and fall

units

price of finished products

Shandong

China All Latex

13133

13133

0

Yuan/ton

Qingdao

Thailand No. 20 standard glue

1630

1625

-5

us dollars/ton

Qingdao

Thailand No. 20 mixed glue

13050

12930

-120

Yuan/ton

Ningbo

Hainan

11450

11450

0

Yuan/ton

Ningbo

Thailand Non-Yellow Bulk

12700

12700

0

Yuan/ton

the current price difference

Main force-Thailand No. 20 mixed glue

900

920

20

Yuan/ton

Main force-China All Latex

717

717

0

Yuan/ton

relevant exchange rate

us dollar against the RMB

7.215

7.2146

-0.0004

Yuan

Thai Baht to RMB

0.2045

0.205

0.0005

Yuan

 

market outlook

China's raw material production areas have been suspended, and there is no supply of goods in Southeast Asia and Vietnam. Thailand's output has been significantly reduced, prices have fluctuated, and the market supply has been relatively tight; the capacity utilization rate of the downstream tire industry continues to rise, and there is a certain need for support. It is expected that the short-term natural rubber market price will be stable and stable.