[Natural Rubber]: Rubber Daily Journal (March 19)
82,359 
March 19, 2024, 4:44 PM Analysis of natural rubber market price on March 19
index
On March 19, the STR20 price index of natural rubber in the Qingdao market was US$1740/ton, down 30 or 1.7% 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 19 |
15600 |
15270 |
15805 |
15395 |
16490 |
15395 |
15440 |
|
March 18 |
14820 |
14685 |
15500 |
15500 |
16820 |
15500 |
15710 |
|
rise and fall |
780 |
585 |
305 |
-105 |
-330 |
-105 |
-270 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
March 19 |
12595 |
13100 |
12595 |
12895 |
|
March 18 |
12760 |
13145 |
12760 |
13065 |
|
rise and fall |
-165 |
-45 |
-165 |
-170 |
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: Affected by dry weather, the opening of Yunnan production areas may be delayed.
|
price type |
March 18 |
March 19 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
79.5 |
80.2 |
0.7 |
baht/kg |
|
cup glue |
56.9 |
57.65 |
0.75 |
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 industry has sufficient foreign trade orders, supported by high export volume, and the starting load of enterprises is basically full; the all-steel tire industry has sufficient orders, and enterprises are actively scheduling production. Some all-steel tire enterprises have issued price increases for the next month, with the range around 3%. In terms of the market, national policies support the automobile industry and boost the tire industry to a certain extent.
Futures spot price list
|
price type |
March 18 |
March 19 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
14633 |
14683 |
50 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1770 |
1740 |
-30 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
14080 |
14030 |
-50 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11700 |
12000 |
300 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
13200 |
13300 |
100 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1420 |
1365 |
-55 |
Yuan/ton |
|
|
Main force-China All Latex |
867 |
712 |
-155 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2131 |
7.2156 |
0.0025 |
Yuan |
|
|
Thai Baht to RMB |
0.2044 |
0.2039 |
-0.0005 |
Yuan |
||
market outlook
Recently, global rubber raw material output has been scarce. Due to severe weather, raw material output has continued to decline. The price of raw materials in Thailand has increased by more than 40% compared with the same period last year. During the suspension of cutting of Chinese raw materials, there is no supply in the market. Today, the price of Chinese natural rubber market has increased, and the overall production and sales of enterprises The overall balance remains; the starting load of the downstream tire industry continues to operate at a high level, providing certain support for rubber demand. It is expected that the natural rubber market will operate strongly in the short term.