[Natural Rubber]: Rubber Daily Journal (March 20)
82,384 
March 20, 2024, 4:34 PM Analysis of natural rubber market price on March 20
index
On March 20, the STR20 price index of natural rubber in the Qingdao market was US$1750/ton, up 10 or 0.57% 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 20 |
15315 |
15235 |
15575 |
15390 |
16535 |
15390 |
15485 |
|
March 19 |
15600 |
15270 |
15805 |
15395 |
16490 |
15395 |
15440 |
|
rise and fall |
-285 |
-35 |
-230 |
-5 |
45 |
-5 |
45 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
March 20 |
12705 |
13020 |
12705 |
12950 |
|
March 19 |
12595 |
13100 |
12595 |
12895 |
|
rise and fall |
110 |
-80 |
110 |
55 |
spot market
Supply:
Foreign countries: Affected by drought weather, cutting has been suspended in many production areas in Thailand, and raw material prices are fluctuating today.
China: Yunnan and Hainan production areas have not been opened yet, and there is no supply of goods in the market.
|
price type |
March 19 |
March 20 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
80.2 |
81 |
0.8 |
baht/kg |
|
cup glue |
57.65 |
57.65 |
0 |
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; most all-steel tire companies have successively issued price increases in April, with an increase of about 3%. However, the overall market response is general, and traders are not motivated to replenish goods. In terms of the market, the speculation atmosphere in the tire market is lively, which has boosted shipments to a certain extent. However, most merchants have already reserved inventories in advance, and actual trading in the replacement market is scarce.
Futures spot price list
|
price type |
March 19 |
March 20 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
14683 |
14683 |
0 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1740 |
1750 |
10 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
14030 |
14040 |
10 |
Yuan/ton |
|
|
Ningbo |
Hainan |
12000 |
12100 |
100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
13300 |
13300 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1365 |
1350 |
-15 |
Yuan/ton |
|
|
Main force-China All Latex |
712 |
707 |
-5 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2156 |
7.2162 |
0.0006 |
Yuan |
|
|
Thai Baht to RMB |
0.2039 |
0.2037 |
-0.0002 |
Yuan |
||
market outlook
Recently, due to the impact of drought and severe weather, many rubber raw material production areas around the world have stopped cutting. The scarcity of output has led to continued high prices, which has strong support for rubber costs. During the suspension period of Chinese raw materials, there is no supply in the market; today, China's natural rubber market prices are high. Shock, the overall production and sales of the company maintain a balance; Supported by high rubber prices, downstream tire prices have begun to increase, but the final market performance is weak. It will take some time for the actual tire prices to be implemented. It is expected that the natural rubber market will operate strongly in the short term.