Analysis of natural rubber market price on March 26
index
On March 26, the STR20 price index of natural rubber in the Qingdao market was US$1655/ton, up 15 or 0.9% 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 26
|
14500
|
14435
|
14700
|
14535
|
15830
|
14535
|
14735
|
|
March 25
|
14570
|
14370
|
14580
|
14440
|
15645
|
14440
|
14590
|
|
rise and fall
|
-70
|
65
|
120
|
95
|
185
|
95
|
145
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
March 26
|
12010
|
12505
|
12010
|
12315
|
|
March 25
|
11885
|
12490
|
11885
|
12265
|
|
rise and fall
|
125
|
15
|
125
|
50
|
spot market
Supply:
Foreign countries: Many cutting in Thailand's raw material producing areas has been suspended, market supply has been continuously reduced, and market prices have continued to decline slightly.
China: China has not officially opened the market yet, and there is no supply of goods in the market.
|
price type
|
March 25
|
March 26
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
79.5
|
79
|
-0.5
|
baht/kg
|
|
cup glue
|
54.95
|
54.95
|
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: Most semi-steel tire companies have high operating loads, foreign merchants concentrate on replenishing goods, and overseas export orders are booming; most all-steel tire companies have stable operating loads, tire replacement speeds are not as good as in previous years, and the market is slowly accumulating. In terms of the market, the tire replacement market economy is still recovering. The market supply is relatively sufficient and inventory consumption is relatively slow.
Futures spot price list
|
price type
|
March 25
|
March 26
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13783
|
13783
|
0
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1640
|
1655
|
15
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13330
|
13430
|
100
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11800
|
11800
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
13100
|
13000
|
-100
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1110
|
1105
|
-5
|
Yuan/ton
|
|
Main force-China All Latex
|
657
|
752
|
95
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2171
|
7.2351
|
0.018
|
Yuan
|
|
Thai Baht to RMB
|
0.2023
|
0.2024
|
0.0001
|
Yuan
|
market outlook
Thailand's raw material production areas are about to stop cutting, and market prices continue to fall, weakening the support for rubber costs; 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 continues to weaken, and the market supply is narrow. The range decline; the downstream tire industry is relatively resistant to high-priced rubber. Manufacturers replenish goods on dips and are more cautious in purchasing. The natural rubber market is expected to consolidate in the short term.
