81,949
February 19, 2024, 4:56 PM
index
On February 19, the STR20 price index of natural rubber in the Qingdao market was US$1550/ton, up US$15/ton from the previous trading day, or 0.98%.
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
|
|
February 19
|
13550
|
13400
|
13615
|
13465
|
14570
|
13465
|
13585
|
|
February 7
|
13345
|
13225
|
13350
|
13240
|
14370
|
13240
|
13375
|
|
rise and fall
|
205
|
175
|
265
|
225
|
200
|
225
|
210
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
February 19
|
11190
|
11380
|
11260
|
11390
|
|
February 7
|
11010
|
11450
|
11075
|
11195
|
|
rise and fall
|
180
|
-70
|
185
|
195
|
spot market
Supply:
Foreign countries: The production situation in southern Thailand has been affected, which supports raw materials to remain firm to a certain extent and strong cost support.
China: China's production areas have entered a cut-off period, and raw material prices are not available.
|
price type
|
February 18
|
February 19
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
--
|
67.3
|
--
|
baht/kg
|
|
cup glue
|
--
|
52
|
--
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
--
|
--
|
--
|
Yuan/ton
|
|
rubber block
|
--
|
--
|
--
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
--
|
--
|
--
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
--
|
--
|
--
|
Yuan/ton
|
On the demand side: Tire companies mostly resume work and production as planned. At present, the operating rate of all-steel tire companies is slowly increasing. Most semi-steel tire companies rely on the advantage of pre-holiday orders to recover quickly after the holiday. In terms of the market, tire dealers returned to the market one after another from the seventh to the eighth day of the first month and received orders one after another. Some agents held order meetings after the holiday. The overall effect was average. Some major customers regularly replenished goods, and most other channel dealers had a strong wait-and-see attitude.
Futures spot price list
|
price type
|
February 18
|
February 19
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
12533
|
12833
|
300
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1535
|
1550
|
15
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
12180
|
12350
|
170
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11350
|
11400
|
50
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12500
|
12500
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1060
|
1115
|
55
|
Yuan/ton
|
|
Main force-China All Latex
|
707
|
632
|
-75
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2151
|
7.2126
|
-0.0025
|
Yuan
|
|
Thai Baht to RMB
|
0.204
|
0.2042
|
0.0002
|
Yuan
|
market outlook
During the Spring Festival, processing factories and traders were basically closed, and actual order transactions were also sporadic. Most orders before the year were delayed until delivery after the year, which in turn had a relatively limited impact on the natural rubber market. The overall price fluctuations of various rubber species in the spot market are limited. After the Spring Festival, as the resumption of work and production began, both the supply and demand sides showed strong support expectations. Tianjiao stocks may be in the de-warehouse cycle. Coupled with irregular interference from collecting and selling stocks, rubber prices may have strong support after the year. Futures will rise after the opening, expectations are heating up.
