Analysis of natural rubber market price on March 14
index
On March 14, the STR20 price index of natural rubber in the Qingdao market was US$1645/ton, up 25 or 1.23% 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 14
|
14250
|
14220
|
14540
|
14380
|
15760
|
14380
|
14570
|
|
on March 13
|
14135
|
14090
|
14255
|
14200
|
15520
|
14200
|
14385
|
|
rise and fall
|
115
|
130
|
285
|
180
|
240
|
180
|
185
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
March 14
|
11980
|
12125
|
11980
|
12140
|
|
on March 13
|
11825
|
12095
|
11825
|
12000
|
|
rise and fall
|
155
|
30
|
155
|
140
|
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
|
on March 13
|
March 14
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
77
|
77.5
|
0.5
|
baht/kg
|
|
cup glue
|
55.3
|
55.45
|
0.15
|
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, there is a strong atmosphere of speculation in the downstream tire market, but demand in the replacement market has not performed as expected, and most companies remain wait-and-see in their price policies.
Futures spot price list
|
price type
|
on March 13
|
March 14
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13433
|
13607
|
173
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1625
|
1645
|
20
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13060
|
13270
|
210
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11600
|
11600
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12700
|
12750
|
50
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1140
|
1110
|
-30
|
Yuan/ton
|
|
Main force-China All Latex
|
767
|
773
|
7
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2036
|
7.2091
|
0.0055
|
Yuan
|
|
Thai Baht to RMB
|
0.2051
|
0.2057
|
0.0006
|
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.
