Analysis of natural rubber market price on April 1
index
On April 1, the STR20 price index of natural rubber in the Qingdao market was US$1670/ton, up 20 or 1.2% 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
|
|
April 1
|
14425
|
14300
|
14580
|
14545
|
15915
|
14545
|
14780
|
|
March 29
|
14435
|
14265
|
14485
|
14420
|
15790
|
14420
|
14665
|
|
rise and fall
|
-10
|
35
|
95
|
125
|
125
|
125
|
115
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
April 1
|
11945
|
12500
|
11945
|
12345
|
|
March 29
|
11865
|
12425
|
11865
|
12230
|
|
rise and fall
|
80
|
75
|
80
|
115
|
spot market
Supply:
Foreign: Thailand's raw material prices fluctuate, while glue and rubber cup prices maintain a downward trend.
China: Trial cutting is carried out in some rainy areas in Yunnan and Hainan, and the current yield is scarce.
|
price type
|
March 29
|
April 1
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
77
|
75.5
|
-1.5
|
baht/kg
|
|
cup glue
|
54.7
|
54.65
|
-0.05
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
0
|
0
|
0
|
Yuan/ton
|
|
rubber block
|
0
|
0
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
0
|
0
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
0
|
0
|
0
|
Yuan/ton
|
On the demand side: The overall production and sales of semi-steel tyre enterprises are high, foreign trade orders provide strong support, and corporate profits are relatively considerable; the production and sales of all-steel tyre enterprises are basically balanced, the market trading atmosphere is tepid, and the overall inventory is at a reasonable level. In terms of the market, most tire companies will implement price policies in April, putting certain pressure on companies to ship.
Futures spot price list
|
price type
|
March 29
|
April 1
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13733
|
13733
|
0
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1650
|
1670
|
20
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13380
|
13450
|
70
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11700
|
11700
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12700
|
12600
|
-100
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1040
|
1095
|
55
|
Yuan/ton
|
|
Main force-China All Latex
|
687
|
812
|
125
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2452
|
7.2432
|
-0.002
|
Yuan
|
|
Thai Baht to RMB
|
0.202
|
0.2026
|
0.0006
|
Yuan
|
market outlook
Overseas raw material production continues to tighten, China's raw materials are growing well, and manufacturers have successively carried out trial cutting; today, the price of China's natural rubber market is stable and fluctuated, and the market trading atmosphere is slightly dull; the downstream tire industry is more resistant to high-priced rubber. Most purchases are based on just-needed needs, and supply and demand are weak. It is expected that the natural rubber market will consolidate in the short term.
