Analysis of natural rubber market price on March 28
index
On March 28, the STR20 price index of natural rubber in the Qingdao market was US$1650/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 28
|
14250
|
14125
|
14445
|
14435
|
15790
|
14435
|
14655
|
|
March 27
|
14595
|
14175
|
14600
|
14280
|
15585
|
14280
|
14470
|
|
rise and fall
|
-345
|
-50
|
-155
|
155
|
205
|
155
|
185
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
March 28
|
11935
|
12395
|
11935
|
12270
|
|
March 27
|
11790
|
12345
|
11790
|
12120
|
|
rise and fall
|
145
|
50
|
145
|
150
|
spot market
Supply:
Foreign: Thailand's raw material output continues to decline. Today, glue prices have declined within a narrow range, and the price of rubber cups has temporarily stabilized.
China: Rainfall is coming in some production areas in China, and manufacturers are eager to cut rubber.
|
price type
|
March 27
|
March 28
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
78.5
|
77.5
|
-1
|
baht/kg
|
|
cup glue
|
54.8
|
54.8
|
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
|
Demand: The starting load of semi-steel tire enterprises is still high, and some enterprises are close to full production to complete orders, and the market inventory is low; the starting load of all-steel tire enterprises is stable, shipments at the end of the month are relatively concentrated, and market inventory has dropped significantly. In terms of the market, China's tire replacement market economy is still recovering. Merchants 'inventory consumption is slow and their purchasing mentality is more cautious.
Futures spot price list
|
price type
|
March 27
|
March 28
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13783
|
13583
|
-200
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1635
|
1650
|
15
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13300
|
13380
|
80
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11700
|
11700
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
13000
|
12700
|
-300
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
980
|
1055
|
75
|
Yuan/ton
|
|
Main force-China All Latex
|
497
|
852
|
355
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2442
|
7.2452
|
0.001
|
Yuan
|
|
Thai Baht to RMB
|
0.2024
|
0.2024
|
0.0000
|
Yuan
|
market outlook
Thailand's raw material output continues to decline, and market prices maintain a downward trend, weakening support for rubber costs; raw materials in China's production areas are growing well, and some areas are conducting trial cutting under the influence of rainfall; today, China's natural rubber market prices have fallen across the board, and the trading market has a negative atmosphere. The downstream tire industry is highly resistant to high-priced rubber. Manufacturers replenish goods on dips, which has exerted a certain pressure on the market, weakening supply and demand. It is expected that the natural rubber market will operate weakly in the short term.
