[Natural Rubber]: Rubber Daily Journal (February 26)
79,989 
February 26, 2024, 5:01 PM Analysis of natural rubber market price on February 26
index
On February 26, the STR20 price index of natural rubber in the Qingdao market was US$1610/ton, which was unchanged from the previous trading 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 |
|
|
on February 26 |
13795 |
13680 |
13810 |
13750 |
14905 |
13750 |
13910 |
|
on February 23 |
13760 |
13695 |
13845 |
13810 |
14970 |
13810 |
13970 |
|
rise and fall |
35 |
-15 |
-35 |
-60 |
-65 |
-60 |
-60 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
on February 26 |
11695 |
11840 |
11740 |
11760 |
|
on February 23 |
11720 |
11795 |
11750 |
11880 |
|
rise and fall |
-25 |
45 |
-10 |
-120 |
spot market
Supply:
Foreign: Thailand's raw material market is in short supply, prices have increased slightly, and cost support is still acceptable.
China: China's production areas have entered a cut-off period, and raw material prices are not available.
|
price type |
on February 23 |
on February 26 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
68.25 |
68.25 |
0 |
baht/kg |
|
cup glue |
52.8 |
52.8 |
0 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
0 |
0 |
0 |
Yuan/ton |
|
|
rubber block |
|
|
|
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
0 |
0 |
0 |
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, the starting load of downstream tire companies has returned to the pre-holiday level. As logistics gradually recovers, company shipments have improved.
Futures spot price list
|
price type |
on February 23 |
on February 26 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13033 |
13033 |
0 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1610 |
1610 |
0 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
12750 |
12780 |
30 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11450 |
11550 |
100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12550 |
12550 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
800 |
970 |
170 |
Yuan/ton |
|
|
Main force-China All Latex |
517 |
717 |
200 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2141 |
7.2146 |
0.0005 |
Yuan |
|
|
Thai Baht to RMB |
0.204 |
0.204 |
0.0000 |
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.