[Natural Rubber]: Rubber Daily Journal (March 18)
83,272 
March 18, 2024, 5:04 PM Analysis of natural rubber market price on March 18
index
On March 18, the STR20 price index of natural rubber in the Qingdao market was US$1770/ton, an increase of 100 or 6% 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 18 |
14820 |
14685 |
15500 |
15500 |
16820 |
15500 |
15710 |
|
March 15 |
14400 |
14365 |
14870 |
14790 |
16100 |
14790 |
14985 |
|
rise and fall |
420 |
320 |
630 |
710 |
720 |
710 |
725 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
March 18 |
12760 |
13145 |
12760 |
13065 |
|
March 15 |
12325 |
12655 |
12325 |
12555 |
|
rise and fall |
435 |
490 |
435 |
510 |
spot market
Supply:
Foreign: Thailand's raw material market continues to rise, with prices rising by more than 40% compared with the same period last year.
China: There is no supply of goods and no market price in Yunnan and Hainan producing areas in China.
|
price type |
March 15 |
March 18 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
78 |
79.5 |
1.5 |
baht/kg |
|
cup glue |
55.6 |
56.9 |
1.3 |
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 semi-steel tire trading floor is still lively. Orders from some companies are in short supply, and there is a large gap in some tire models. Companies are actively scheduling production to fill the order gap; the overall construction of all steel tire companies is at a high level, and their inventory reserves are still acceptable, but the new order transaction performance is average. In terms of the market, the starting load of the tire industry continues to operate at a high level, with some companies starting to approach full production levels, and most companies have decent inventories.
Futures spot price list
|
price type |
March 15 |
March 18 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13783 |
14633 |
850 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1670 |
1770 |
100 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13520 |
14080 |
560 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11600 |
11700 |
100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12850 |
13200 |
350 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1270 |
1420 |
150 |
Yuan/ton |
|
|
Main force-China All Latex |
1007 |
867 |
-140 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2126 |
7.2131 |
0.0005 |
Yuan |
|
|
Thai Baht to RMB |
0.2057 |
0.2044 |
-0.0013 |
Yuan |
||
market outlook
Global rubber raw material output is scarce, Thai factories 'profits continue to shrink, raw material output continues to decline, and market prices are rising day by day; China's production areas have not yet been cut, and there is no supply in the market; today, China's natural rubber market prices have increased significantly, and companies continue to destock trend; The starting load of the downstream tire industry continues to operate at a high level, and the overall demand for rubber is relatively stable. The natural rubber market is expected to operate strongly in the short term.