Analysis of natural rubber market price on March 25
index
On March 25, the STR20 price index of natural rubber in the Qingdao market was US$1640/ton, down 10 or 0.6% 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 25
|
14570
|
14370
|
14580
|
14440
|
15645
|
14440
|
14590
|
|
March 22
|
14900
|
14305
|
15025
|
14510
|
15810
|
14510
|
14700
|
|
rise and fall
|
-330
|
65
|
-445
|
-70
|
-165
|
-70
|
-110
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
March 25
|
11885
|
12490
|
11885
|
12265
|
|
March 22
|
12055
|
12440
|
12055
|
12355
|
|
rise and fall
|
-170
|
50
|
-170
|
-90
|
spot market
Supply:
Foreign countries: Thailand's raw material market supply is low, and market prices have dropped from high levels.
China: There is no market quotation for Yunnan and Hainan producing areas.
|
price type
|
March 22
|
March 25
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
81.2
|
79.5
|
-1.7
|
baht/kg
|
|
cup glue
|
57.45
|
54.95
|
-2.5
|
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 companies have high starting loads, strong support from foreign trade orders, and supply of some models of tires exceeds demand. Enterprises actively adjust their production scheduling focus; most all-steel tire companies have stable starting loads, manufacturers 'shipment performance falls short of expectations, and downstream buying enthusiasm is poor., market inventories are sufficient. 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 22
|
March 25
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13833
|
13783
|
-50
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1650
|
1640
|
-10
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13380
|
13330
|
-50
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11900
|
11800
|
-100
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
13250
|
13100
|
-150
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1130
|
1110
|
-20
|
Yuan/ton
|
|
Main force-China All Latex
|
677
|
657
|
-20
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2392
|
7.2171
|
-0.0221
|
Yuan
|
|
Thai Baht to RMB
|
0.202
|
0.2023
|
0.0003
|
Yuan
|
market outlook
Thailand's raw material production areas are about to stop cutting, market prices are falling back at high levels, and rubber costs are strongly supported; China's raw materials are growing well, and some areas are conducting trial cutting, and there is no market quotation; today, China's natural rubber market prices are falling, Qingdao's inventories have risen slightly, and social inventories have an overall decline; the starting load of the downstream tire industry is high, and there is a certain need for support for raw materials. The natural rubber market is expected to consolidate in the short term.
