[Natural Rubber]: Rubber Daily Journal (March 13)
81,510 
March 13, 2024, 4:48 PM Analysis of natural rubber market price on March 13
index
On March 13, the STR20 price index of natural rubber in the Qingdao market was US$1625/ton, up 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 |
|
|
on March 13 |
14135 |
14090 |
14255 |
14200 |
15520 |
14200 |
14385 |
|
March 12 |
14095 |
14010 |
14270 |
14135 |
15380 |
14135 |
14280 |
|
rise and fall |
40 |
80 |
-15 |
65 |
140 |
65 |
105 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
on March 13 |
11825 |
12095 |
11825 |
12000 |
|
March 12 |
11765 |
11955 |
11765 |
11935 |
|
rise and fall |
60 |
140 |
60 |
65 |
spot market
Supply:
Foreign countries: Global rubber has entered low-producing areas, Thailand's raw material output has shrunk, and market prices have remained high.
China: China is still in the cut-off period, and there is no supply of goods in Yunnan and Hainan.
|
price type |
March 12 |
on March 13 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
75.8 |
77 |
1.2 |
baht/kg |
|
cup glue |
55.03 |
55.3 |
0.27 |
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, and transactions in the market for some models of tires are in full swing, and enterprises are actively scheduling production; the start-up situation and inventory of enterprises in the entire steel tire industry show certain differences. The overall operation of large enterprises is good, and some small and medium-sized enterprises have fewer new orders signed, low start-up, and accumulated inventories. In terms of the market, the overall performance of semi-steel tires is strong, and some companies are eager to increase prices; the overall performance of all-steel tires is weak, and the price policy is stable.
Futures spot price list
|
price type |
March 12 |
on March 13 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13383 |
13433 |
50 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1620 |
1625 |
5 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13030 |
13060 |
30 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11600 |
11600 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12700 |
12700 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1105 |
1140 |
35 |
Yuan/ton |
|
|
Main force-China All Latex |
752 |
767 |
15 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.1931 |
7.2036 |
0.0105 |
Yuan |
|
|
Thai Baht to RMB |
0.2063 |
0.2051 |
-0.0012 |
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 a strong support for rubber costs; Today, China's natural rubber market prices have fallen and risen, and new market orders have been sold lukewarm; the overall downstream tire industry has started at a high level, but it lacks a certain positive boost. Market shipments will be difficult to increase in the short term. It is expected that the natural rubber market will operate steadily in the short term.