Analysis of natural rubber market price on March 22
index
On March 22, the STR20 price index of natural rubber in the Qingdao market was US$1650/ton, down 70 or 4% 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 22
|
14900
|
14305
|
15025
|
14510
|
15810
|
14510
|
14700
|
|
March 21
|
15305
|
14920
|
15405
|
14940
|
16130
|
14940
|
15055
|
|
rise and fall
|
-405
|
-615
|
-380
|
-430
|
-320
|
-430
|
-355
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
March 22
|
12055
|
12440
|
12055
|
12355
|
|
March 21
|
12350
|
12740
|
12350
|
12650
|
|
rise and fall
|
-295
|
-300
|
-295
|
-295
|
spot market
Supply:
Foreign: Thailand's raw materials are about to stop cutting, and market prices continue to fluctuate at high levels.
China: Raw materials in Yunnan and Hainan production areas are growing well, and trial cutting is carried out in some areas.
|
price type
|
March 21
|
March 22
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
81.2
|
81.2
|
0
|
baht/kg
|
|
cup glue
|
57.55
|
57.45
|
-0.1
|
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: Most semi-steel tire enterprises have started and operated smoothly, with sufficient orders in the domestic and export markets. Enterprises are actively scheduling production, and some types of tires are in short supply; most all-steel tire enterprises have stable starting loads, slow transaction progress of new orders, slow removal of enterprises from warehouses, and market inventories have risen slightly. In terms of the market, the tire replacement market economy is still recovering, with sufficient supply and average liquidity in the market.
Futures spot price list
|
price type
|
March 21
|
March 22
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
14483
|
13833
|
-650
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1720
|
1650
|
-70
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13750
|
13380
|
-370
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
12000
|
11900
|
-100
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
13300
|
13250
|
-50
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1190
|
1130
|
-60
|
Yuan/ton
|
|
Main force-China All Latex
|
457
|
677
|
220
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2153
|
7.2392
|
0.0239
|
Yuan
|
|
Thai Baht to RMB
|
0.2043
|
0.202
|
-0.0023
|
Yuan
|
market outlook
Global rainfall is scarce, many rubber raw material producing areas have stopped cutting. Thailand's raw material prices are running high, and rubber cost support is strong; China's raw materials are growing well, and some regions are conducting trial cutting; today, China's natural rubber market prices have fallen sharply, and the spot market inventories are sufficient., the trading atmosphere is relatively cold; the downstream tire industry has a certain resistance to high-priced rubber. In the short term, companies will mainly go to warehouses and have a cautious purchasing mentality. It is expected that the natural rubber market will consolidate in the short term.
