78,201
February 29, 2024, 4:40 PM
Analysis of natural rubber market price on February 29
index
On February 29, the STR20 price index of natural rubber in the Qingdao market was US$1630/ton, which was the same as yesterday.
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 29
|
13945
|
13820
|
13965
|
13900
|
15055
|
13900
|
14030
|
|
28 February
|
13950
|
13900
|
14030
|
13950
|
15115
|
13950
|
14105
|
|
rise and fall
|
-5
|
-80
|
-65
|
-50
|
-60
|
-50
|
-75
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
on February 29
|
11740
|
11930
|
11805
|
11785
|
|
28 February
|
11880
|
11930
|
11930
|
11900
|
|
rise and fall
|
-140
|
0
|
-125
|
-115
|
spot market
Supply:
Foreign countries: Southeast Asia and Vietnam have no supply of goods, and Thailand's production has been significantly reduced.
China: China's production areas have entered a cut-off period, and raw material prices are not available.
|
price type
|
28 February
|
on February 29
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
69.25
|
71.9
|
2.65
|
baht/kg
|
|
cup glue
|
53.7
|
54.3
|
0.6
|
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
|
On the demand side: Most semi-steel tyre enterprises have resumed production, the start-up load of enterprises has remained high, the number of domestic and export orders is sufficient, and the market supply is slightly tight; all steel tyre enterprises have gradually returned to pre-holiday levels, and finished product inventories are at a reasonable level. In terms of the market, terminal demand in the tire market has gradually recovered, and the market trading atmosphere has been significantly active.
Futures spot price list
|
price type
|
28 February
|
on February 29
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13233
|
13183
|
-50
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1630
|
1630
|
0
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13050
|
13030
|
-20
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11450
|
11450
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12800
|
12700
|
-100
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
900
|
920
|
20
|
Yuan/ton
|
|
Main force-China All Latex
|
717
|
767
|
50
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2156
|
7.2136
|
-0.002
|
Yuan
|
|
Thai Baht to RMB
|
0.2049
|
0.2042
|
-0.0007
|
Yuan
|
market outlook
China's raw material production areas have been suspended, there is no supply of goods in Southeast Asia and Vietnam, Thailand's output has been significantly reduced, and the market supply is relatively tight; the capacity utilization rate of the downstream tire industry continues to rise, and there is a certain need for support. It is expected that the natural rubber market price will remain stable in the short term.
