Analysis of natural rubber market price on April 29
index
On April 29, the STR20 price index of natural rubber in the Qingdao market was US$1610/ton, which was unchanged 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 29
|
14195
|
14150
|
14295
|
14215
|
15295
|
13945
|
14215
|
|
April 26
|
14075
|
13965
|
14200
|
14195
|
15250
|
13935
|
14195
|
|
rise and fall
|
120
|
185
|
95
|
20
|
45
|
10
|
20
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
April 29
|
11500
|
12135
|
11395
|
11795
|
|
April 26
|
11485
|
12065
|
11325
|
11755
|
|
rise and fall
|
15
|
70
|
70
|
40
|
spot market
Supply:
Foreign: Vietnam's production areas are expected to start cutting in May, and Thailand's raw material output is low.
China: After the rainfall in Yunnan's production areas, some areas started cutting normally, but most production areas still stopped cutting.
|
price type
|
April 28
|
April 29
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
-
|
73
|
-
|
baht/kg
|
|
cup glue
|
-
|
53.8
|
-
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
13300
|
13300
|
0
|
Yuan/ton
|
|
rubber block
|
11800
|
11800
|
0
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
13000
|
13000
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
14200
|
14200
|
0
|
Yuan/ton
|
On the demand side: Semi-steel tire companies mostly maintain high-load operations, their production and sales remain high, overseas orders remain strong support, and some models of tires are out of stock; some all-steel tire companies are carrying out burden reduction maintenance at the end of the month, and the capacity utilization rate is slightly lower. In terms of the market, the tire market price policies are mostly stable and have not changed much.
Futures spot price list
|
price type
|
April 26
|
April 29
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13283
|
13533
|
250
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1610
|
1610
|
0
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
12985
|
13095
|
110
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
10800
|
10700
|
-100
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
11700
|
11550
|
-150
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1210
|
1120
|
-90
|
Yuan/ton
|
|
Main force-China All Latex
|
912
|
682
|
-230
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.1056
|
7.2662
|
0.1606
|
Yuan
|
|
Thai Baht to RMB
|
0.1936
|
0.1997
|
0.0061
|
Yuan
|
market outlook
There are many cutting stoppages in raw material production areas at home and abroad. The market supply is relatively low and the market price is operating at a high level, which provides reasonable support for rubber costs. Today, China's natural rubber market prices are falling and rising, and the market supply pressure is high; downstream tire and rubber products The demand in the industry is poor and the receiving volume is limited. It is expected that the natural rubber market will operate weakly in the short term.
