[Natural Rubber]: Rubber Daily Journal (January 3)
91,754 
January 3, 2024, 4:38 PM Analysis of natural rubber market price on January 3
index
On January 3, the STR20 price index of natural rubber in the Qingdao market was US$1560/ton, down US$20/ton from the previous trading day, or 1.27%.
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 |
|
|
January 3 |
14150 |
14045 |
14205 |
14115 |
13925 |
14115 |
14170 |
|
January 2 |
14350 |
14195 |
14540 |
14205 |
14030 |
14205 |
14270 |
|
rise and fall |
-200 |
-150 |
-335 |
-90 |
-105 |
-90 |
-100 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
January 3 |
11225 |
11095 |
11320 |
11550 |
|
January 2 |
11300 |
11190 |
11385 |
11500 |
|
rise and fall |
-75 |
-95 |
-65 |
50 |
spot market
Supply:
Foreign countries: Rainfall and weather still exist in southern Thailand's production areas, and the volume of production areas has been affected. To a certain extent, raw material prices have a narrow upward trend and cost support is strong.
China: Hainan production area has entered into a ban on cutting ahead of schedule. At present, some processing plants have begun to shut down. China's Yunnan production area has stopped cutting, and the price of raw material glue is not yet available.
|
price type |
January 2 |
January 3 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
55.3 |
55 |
-0.3 |
baht/kg |
|
cup glue |
46.15 |
46.2 |
0.05 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
-- |
-- |
-- |
Yuan/ton |
|
|
rubber block |
10400 |
10400 |
0 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
11600 |
11500 |
-100 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
12600 |
12500 |
-100 |
Yuan/ton |
||
Demand: During the New Year's Day period, some enterprises in Shandong's main producing areas, Weifang and Dongying, had maintenance plans for about 3 days. Overall shipments during this period were normal, but shipments were relatively general. In terms of the market, the overall market trading performance at the beginning of the month was sporadic, and the price policy was still unclear. The market remained on the sidelines, focusing on digesting inventories, and focused more on collecting money.
Futures spot price list
|
price type |
January 2 |
January 3 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13283 |
13183 |
-100 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1580 |
1560 |
-20 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
12430 |
12330 |
-100 |
Yuan/ton |
|
|
Ningbo |
Hainan |
10500 |
10500 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
11250 |
11200 |
-50 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1775 |
1785 |
10 |
Yuan/ton |
|
|
Main force-China All Latex |
922 |
932 |
10 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.142 |
7.161 |
0.019 |
Yuan |
|
|
Thai Baht to RMB |
0.2124 |
0.2127 |
0.0003 |
Yuan |
||
market outlook
Yesterday, the rubber market experienced a sudden rise, stimulated by the sudden incident in the Qingdao warehouse. Judging from the current supply and demand situation in the natural rubber market, the news has been gradually absorbed. There is still room for growth in rubber prices in the short term, but in the long term, support is limited. The supply side of the main rubber-producing areas is still relatively tight in the short term, raw material prices remain firm, and costs support upstream profits. However, due to the reduction of burdens by Chinese downstream companies and maintenance, the overall market trading performance is sporadic, mainly wait-and-see, and the receiving sentiment is relatively weak. There is limited room for increase in spot prices. After a short period of time, the natural rubber market climbs, or it may be expected while maintaining stability.