[Natural Rubber]: Rubber Daily Journal (March 4)
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March 4, 2024, 4:49 PM Analysis of natural rubber market price on March 4
index
On March 4, the STR20 price index of natural rubber in the Qingdao market was US$1625/ton, down 5 or 0.3% from the previous working 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 |
|
|
March 4 |
13950 |
13755 |
13955 |
13850 |
15020 |
13850 |
13975 |
|
March 1 |
13965 |
13820 |
13985 |
13915 |
15065 |
13915 |
14025 |
|
rise and fall |
-15 |
-65 |
-30 |
-65 |
-45 |
-65 |
-50 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
March 4 |
11710 |
11910 |
11710 |
11780 |
|
March 1 |
11725 |
11900 |
11780 |
11800 |
|
rise and fall |
-15 |
10 |
-70 |
-20 |
spot market
Supply:
Foreign: Thailand's raw material prices fluctuate, glue prices have increased, and rubber cup prices have fallen.
China: China's production areas have entered a cut-off period, and raw material prices are not available.
|
price type |
March 1 |
March 4 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
70.5 |
71.8 |
1.3 |
baht/kg |
|
cup glue |
54 |
53.85 |
-0.15 |
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: Semi-steel tire companies have maintained a high level of start-up, and output has increased compared with the previous period; the all-steel tire market has declined. After the holiday, agent order meetings have been held one after another. Most brands have given certain sales policies to downstream channel customers, and channel customers are cautious when taking goods., lack of enthusiasm for replenishing goods. In terms of the market, the overall shipments of the tire industry are still acceptable, and the inventory in the city is relatively low.
Futures spot price list
|
price type |
March 1 |
March 4 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13133 |
13133 |
0 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1630 |
1625 |
-5 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13050 |
12930 |
-120 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11450 |
11450 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12700 |
12700 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
900 |
920 |
20 |
Yuan/ton |
|
|
Main force-China All Latex |
717 |
717 |
0 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.215 |
7.2146 |
-0.0004 |
Yuan |
|
|
Thai Baht to RMB |
0.2045 |
0.205 |
0.0005 |
Yuan |
||
market outlook
China's raw material production areas have been suspended, and there is no supply of goods in Southeast Asia and Vietnam. Thailand's output has been significantly reduced, prices have fluctuated, and the market supply has been 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 short-term natural rubber market price will be stable and stable.