Analysis of natural rubber market price on March 7
index
On March 7, the STR20 price index of natural rubber in the Qingdao market was US$1595/ton, down 5 or 0.3% from 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
|
|
March 7
|
13835
|
13675
|
13880
|
13725
|
14940
|
13725
|
13885
|
|
March 6
|
13780
|
13675
|
13830
|
13805
|
15000
|
13850
|
13940
|
|
rise and fall
|
55
|
0
|
50
|
-80
|
-60
|
-125
|
-55
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
March 7
|
11570
|
11905
|
11570
|
11695
|
|
March 6
|
11650
|
11905
|
11650
|
11750
|
|
rise and fall
|
-80
|
0
|
-80
|
-55
|
spot market
Supply:
Foreign countries: The prices of raw materials in the Thai market are tight, and the prices of glue and rubber cups continue to rise.
China: China's production areas have entered a cut-off period, and raw material prices are not available.
|
price type
|
March 6
|
March 7
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
72.8
|
73.2
|
0.4
|
baht/kg
|
|
cup glue
|
54.3
|
54.35
|
0.05
|
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: Semi-steel tire enterprises have started at a high level overall, domestic and export orders are sufficient, some models are in short supply, and some enterprises are in a situation of short supply; shipments in the entire steel tire market have dropped from last week, and the company's output has increased rapidly after the year. On-site inventory digestion is slow, and company sales pressure increases. In terms of the market, the weather has gradually warmed up, logistics and transportation has gradually increased, the market demand for tire replacement is insufficient, and inventory digestion is slow.
Futures spot price list
|
price type
|
March 6
|
March 7
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13033
|
13133
|
100
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1600
|
1595
|
-5
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
12850
|
12810
|
-40
|
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
|
955
|
915
|
-40
|
Yuan/ton
|
|
Main force-China All Latex
|
772
|
592
|
-180
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2152
|
7.2161
|
0.0009
|
Yuan
|
|
Thai Baht to RMB
|
0.205
|
0.2062
|
0.0012
|
Yuan
|
market outlook
China's raw material production areas have been suspended, and foreign countries, Southeast Asia and Vietnam have no supply of goods. Thailand's raw material supply is tight, market prices continue to rise, and cost support is strong; most downstream tire companies have started operations smoothly, and the overall shipment performance has been lukewarm, and on-site inventory consumption has been slow; enterprises in the downstream product industry have started to increase, but the early inventory has not yet been fully digested, and demand-side support is weak. It is expected that the natural rubber market price will remain stable in the short term.
