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February 23, 2024, 5:01 PM
Analysis of natural rubber market price on February 23
index
On February 23, the STR20 price index of natural rubber in the Qingdao market was US$1610/ton, up US$10/ton from the previous trading day, or 0.62%.
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 23
|
13500
|
13475
|
13625
|
13550
|
14645
|
13550
|
13700
|
|
on February 22
|
13505
|
13505
|
13620
|
13555
|
14675
|
13555
|
13710
|
|
rise and fall
|
-5
|
-30
|
5
|
-5
|
-30
|
-5
|
-10
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
on February 23
|
11310
|
11625
|
11375
|
11470
|
|
on February 22
|
11285
|
11680
|
11350
|
11470
|
|
rise and fall
|
25
|
-55
|
25
|
0
|
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
|
on February 22
|
on February 23
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
68
|
68.25
|
0.25
|
baht/kg
|
|
cup glue
|
52.55
|
52.8
|
0.25
|
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)
|
|
|
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
|
|
|
Yuan/ton
|
Demand: Most tire companies have resumed work and production. At present, all-steel tire dealer meetings in some regions have been gradually held, but the actual shipment effect has been average; most semi-steel tire companies have maintained a high capacity utilization rate, and merchants have sufficient orders. In terms of the market, as the market gradually recovers, agents have strong trading after resuming work after the holiday, allowing them to eliminate their stocks. In order to meet downstream demand, agents have recently replenished stocks one after another. However, the factory's supply is tight and the arrival of orders is delayed.
Futures spot price list
|
price type
|
on February 22
|
on February 23
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
12783
|
13033
|
250
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1560
|
1610
|
50
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
12400
|
12750
|
350
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11450
|
11450
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12550
|
12550
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1155
|
800
|
-355
|
Yuan/ton
|
|
Main force-China All Latex
|
772
|
517
|
-255
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2141
|
7.2141
|
0
|
Yuan
|
|
Thai Baht to RMB
|
0.2031
|
0.204
|
0.0009
|
Yuan
|
market outlook
The supply of raw materials in the overseas rubber market is relatively tight. Coupled with the low inventory of upstream factories, raw material prices are prone to rise but not fall, and the supply side provides certain support; the overall inventory of the natural rubber market remains high, and the performance of the demand side has improved compared with the previous period. However, the peak of replenishment of downstream factories It will still take some time to arrive, and the price of the natural rubber market is expected to remain stable in the short term.
