[Natural Rubber]: Rubber Daily Journal (April 1)
81,745 
April 1, 2024, 4:23 PM Analysis of natural rubber market price on April 1
index
On April 1, the STR20 price index of natural rubber in the Qingdao market was US$1670/ton, up 20 or 1.2% from the previous working day.
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 |
|
|
April 1 |
14425 |
14300 |
14580 |
14545 |
15915 |
14545 |
14780 |
|
March 29 |
14435 |
14265 |
14485 |
14420 |
15790 |
14420 |
14665 |
|
rise and fall |
-10 |
35 |
95 |
125 |
125 |
125 |
115 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
April 1 |
11945 |
12500 |
11945 |
12345 |
|
March 29 |
11865 |
12425 |
11865 |
12230 |
|
rise and fall |
80 |
75 |
80 |
115 |
spot market
Supply:
Foreign: Thailand's raw material prices fluctuate, while glue and rubber cup prices maintain a downward trend.
China: Trial cutting is carried out in some rainy areas in Yunnan and Hainan, and the current yield is scarce.
|
price type |
March 29 |
April 1 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
77 |
75.5 |
-1.5 |
baht/kg |
|
cup glue |
54.7 |
54.65 |
-0.05 |
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 overall production and sales of semi-steel tyre enterprises are high, foreign trade orders provide strong support, and corporate profits are relatively considerable; the production and sales of all-steel tyre enterprises are basically balanced, the market trading atmosphere is tepid, and the overall inventory is at a reasonable level. In terms of the market, most tire companies will implement price policies in April, putting certain pressure on companies to ship.
Futures spot price list
|
price type |
March 29 |
April 1 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13733 |
13733 |
0 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1650 |
1670 |
20 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13380 |
13450 |
70 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11700 |
11700 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12700 |
12600 |
-100 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1040 |
1095 |
55 |
Yuan/ton |
|
|
Main force-China All Latex |
687 |
812 |
125 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2452 |
7.2432 |
-0.002 |
Yuan |
|
|
Thai Baht to RMB |
0.202 |
0.2026 |
0.0006 |
Yuan |
||
market outlook
Overseas raw material production continues to tighten, China's raw materials are growing well, and manufacturers have successively carried out trial cutting; today, the price of China's natural rubber market is stable and fluctuated, and the market trading atmosphere is slightly dull; the downstream tire industry is more resistant to high-priced rubber. Most purchases are based on just-needed needs, and supply and demand are weak. It is expected that the natural rubber market will consolidate in the short term.