[Natural Rubber]: Rubber Daily Journal (February 20)
81,488 
February 20, 2024, 4:33 PM Analysis of natural rubber market price on February 20
index
On February 20, the STR20 price index of natural rubber in the Qingdao market was US$1560/ton, up US$10/ton from the previous trading day, or 0.65%.
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 |
|
|
on February 20 |
13505 |
13505 |
13620 |
13555 |
14675 |
13555 |
13710 |
|
February 19 |
13550 |
13400 |
13615 |
13465 |
14570 |
13465 |
13585 |
|
rise and fall |
-45 |
105 |
5 |
90 |
105 |
90 |
125 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
on February 20 |
11285 |
11680 |
11350 |
11470 |
|
February 19 |
11190 |
11380 |
11260 |
11390 |
|
rise and fall |
95 |
300 |
90 |
80 |
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 19 |
on February 20 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
67.3 |
67.5 |
0.2 |
baht/kg |
|
cup glue |
52 |
52.45 |
0.45 |
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 market, as channel dealers have returned to the market one after another, order meetings for some brand agents have been gradually held recently. On the basis of the meeting policy provided by the factory, 2-3 additional policy support points have been saved. Overall, the market gradually recovered after the holiday, but the enthusiasm for ordering was average, and most customers remained on the sidelines.
Futures spot price list
|
price type |
February 19 |
on February 20 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
12833 |
12783 |
-50 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1550 |
1560 |
10 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
12350 |
12400 |
50 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11400 |
11450 |
50 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12500 |
12550 |
50 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1115 |
1155 |
40 |
Yuan/ton |
|
|
Main force-China All Latex |
632 |
772 |
140 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2126 |
7.2141 |
0.0015 |
Yuan |
|
|
Thai Baht to RMB |
0.2042 |
0.2031 |
-0.0011 |
Yuan |
||
market outlook
The natural rubber market has shown good expectations after returning from the holiday. In the short term, it has gradually entered the off-season of global natural rubber supply. Raw material prices have provided strong support. As downstream tire factories are more motivated to resume work, both the supply side and the demand side have shown strong support expectations. Natural rubber stocks may be in the de-warehouse cycle, coupled with irregular interference from collection and disposal, rubber prices may have strong support after the year. It is expected that the atmosphere in the natural rubber market will remain warm in the short term.