Analysis of natural rubber market price on March 15
index
On March 15, the STR20 price index of natural rubber in the Qingdao market was US$1670/ton, up 25 or 1.5% 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 15
|
14400
|
14365
|
14870
|
14790
|
16100
|
14790
|
14985
|
|
March 14
|
14250
|
14220
|
14540
|
14380
|
15760
|
14380
|
14570
|
|
rise and fall
|
150
|
145
|
330
|
410
|
340
|
410
|
415
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
March 15
|
12325
|
12655
|
12325
|
12555
|
|
March 14
|
11980
|
12125
|
11980
|
12140
|
|
rise and fall
|
345
|
530
|
345
|
415
|
spot market
Supply:
Foreign: Global rubber has entered low-production areas, and Thailand's raw material market prices have hit new highs.
China: Yunnan has dry weather, and many places have launched Incident Response Service, which may affect mining.
|
price type
|
March 14
|
March 15
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
77.5
|
78
|
0.5
|
baht/kg
|
|
cup glue
|
55.45
|
55.6
|
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
|
Demand: The overall production and sales of the semi-steel tire industry are high, and companies are actively scheduling production. Some companies have increased their production capacity to full production, with sufficient orders and good shipments; the overall shipment performance of the entire steel tire industry is average, with construction started at a regular level, and inventory is relatively sufficient. 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 14
|
March 15
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13607
|
13783
|
177
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1645
|
1670
|
25
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13270
|
13520
|
250
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11600
|
11600
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12750
|
12850
|
100
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1110
|
1270
|
160
|
Yuan/ton
|
|
Main force-China All Latex
|
773
|
1007
|
233
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2091
|
7.2126
|
0.0035
|
Yuan
|
|
Thai Baht to RMB
|
0.2057
|
0.2057
|
0.0000
|
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's raw material prices are tight and rising, and market prices continue to hit new highs, which provides strong support for rubber costs. Today, China's natural rubber market prices have risen sharply, and enterprises have maintained a de-warehouse trend; the overall construction of the downstream tire industry is at a high level, supported by automobile policies, and certain support exists on the demand side. It is expected that the natural rubber market will operate strongly in the short term.
