Analysis of natural rubber market price on March 11
index
On March 11, the STR20 price index of natural rubber in the Qingdao market was US$1630/ton, down 20 or 1.2% 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 11
|
14280
|
14045
|
14350
|
14080
|
15280
|
14080
|
14215
|
|
March 8
|
13750
|
13720
|
14295
|
14250
|
15385
|
14250
|
14370
|
|
rise and fall
|
530
|
325
|
55
|
-170
|
-105
|
-170
|
-155
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
March 11
|
11735
|
11950
|
11735
|
11940
|
|
March 8
|
11935
|
11995
|
11935
|
12020
|
|
rise and fall
|
-200
|
-45
|
-200
|
-80
|
spot market
Supply:
Foreign: Thailand's raw material prices continue to rise, and the prices of glue and rubber cups have been raised again.
China: China is still in the cut-off period, and there is no offer from Yunnan and Hainan.
|
price type
|
March 8
|
March 11
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
73.5
|
74.8
|
1.3
|
baht/kg
|
|
cup glue
|
54.35
|
54.7
|
0.35
|
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)
|
0
|
0
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
0
|
0
|
0
|
Yuan/ton
|
On the demand side: There are sufficient foreign trade orders in the semi-steel tire industry, the market procurement atmosphere continues to be enthusiastic, and the supply of some models exceeds demand; most all-steel tire maintenance companies have resumed construction, and the overall operating rate is high. The transaction performance of new orders is average, and the market remains in a state of de-warehousing. In terms of the market, the downstream tire replacement market demand has gradually recovered. The overall performance of semi-steel tires is strong, and the overall performance of all-steel tires is weak.
Futures spot price list
|
price type
|
March 8
|
March 11
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13100
|
13433
|
333
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1650
|
1630
|
-20
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13180
|
13050
|
-130
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11450
|
11600
|
150
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12650
|
12850
|
200
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1070
|
1030
|
-40
|
Yuan/ton
|
|
Main force-China All Latex
|
1150
|
647
|
-503
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2129
|
7.2076
|
-0.0053
|
Yuan
|
|
Thai Baht to RMB
|
0.2065
|
0.2068
|
0.0003
|
Yuan
|
market outlook
China's raw material production areas are still in the cut-off period, and there is no supply in the market. Overseas Southeast Asia is in a low-production area, and the supply side has obvious advantages. Thailand's raw material prices continue to rise, and rubber cost support is strong; today, China's natural rubber market prices have increased significantly, but the on-site trading atmosphere has been relatively cold; the capacity utilization rate of the downstream tire and rubber products industry has steadily rebounded, and the demand side has a certain need for support. It is expected that the natural rubber market will operate strongly in the short term.
