Analysis of natural rubber market price on March 12
index
On March 12, the STR20 price index of natural rubber in the Qingdao market was US$1620/ton, down 10 or 0.6% 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 12
|
14095
|
14010
|
14270
|
14135
|
15380
|
14135
|
14280
|
|
March 11
|
14280
|
14045
|
14350
|
14080
|
15280
|
14080
|
14215
|
|
rise and fall
|
-185
|
-35
|
-80
|
55
|
100
|
55
|
65
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
March 12
|
11765
|
11955
|
11765
|
11935
|
|
March 11
|
11735
|
11950
|
11735
|
11940
|
|
rise and fall
|
30
|
5
|
30
|
-5
|
spot market
Supply:
Foreign countries: Global rubber has entered low-production areas, Thailand's raw materials continue to reduce production, and market prices continue to rise.
China: China is still in the cut-off period, and there is no offer from Yunnan and Hainan.
|
price type
|
March 11
|
March 12
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
74.8
|
75.8
|
1
|
baht/kg
|
|
cup glue
|
54.7
|
55.03
|
0.33
|
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: The overall capacity utilization rate of the semi-steel tire industry continues to be high, foreign trade orders are sufficient, and the market supply exceeds demand; there are certain differences in the start-up situation of enterprises in the entire steel tire industry. Large enterprises have sufficient orders and high start-up levels. Some small and medium-sized enterprises have signed fewer new orders., low start-up levels. 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 11
|
March 12
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13433
|
13383
|
-50
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1630
|
1620
|
-10
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13050
|
13030
|
-20
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11600
|
11600
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12850
|
12700
|
-150
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1030
|
1105
|
75
|
Yuan/ton
|
|
Main force-China All Latex
|
647
|
752
|
105
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2076
|
7.1931
|
-0.0145
|
Yuan
|
|
Thai Baht to RMB
|
0.2068
|
0.2063
|
-0.0005
|
Yuan
|
market outlook
China's raw material production areas are still in the cut-off period, and there is no supply in the market. Global rubber has entered a low-production area. Thailand has been affected by severe weather, and raw material output has continued to decline, and tight goods and prices have increased, which has strong support for rubber costs; Today, China's natural rubber market prices have dropped slightly, and there are fewer new orders in the market; the overall downstream tire industry has started at a high level, but it lacks a certain positive boost. It maintains a cautious attitude towards raw material procurement, and it is expected that the natural rubber market will operate steadily in the short term.
