[Natural Rubber]: Rubber Daily Journal (April 2)
83,611 
April 2, 2024, 4:31 PM Analysis of natural rubber market price on April 2
index
On April 2, the STR20 price index of natural rubber in the Qingdao market was US$1650/ton, down 20 or 1.2% 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 |
|
|
April 2 |
14820 |
14575 |
14830 |
14615 |
15735 |
14385 |
14615 |
|
April 1 |
14425 |
14300 |
14580 |
14545 |
15915 |
14545 |
14780 |
|
rise and fall |
395 |
275 |
250 |
70 |
-180 |
-160 |
-165 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
April 2 |
11845 |
12475 |
11845 |
12240 |
|
April 1 |
11945 |
12500 |
11945 |
12345 |
|
rise and fall |
-100 |
-25 |
-100 |
-105 |
spot market
Supply:
Foreign: Thailand's raw material prices fluctuate endlessly. Today, glue prices are stable, and rubber cup prices have stopped falling and rising.
China: Trial cutting is carried out in some rainy areas in Yunnan and Hainan, and the current yield is scarce.
|
price type |
April 1 |
April 2 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
75.5 |
75.5 |
0 |
baht/kg |
|
cup glue |
54.65 |
54.8 |
0.15 |
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, downstream tire companies have high production costs. Although the demand for terminal replacement is weak, they have strong intentions to increase tire prices.
Futures spot price list
|
price type |
April 1 |
April 2 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13733 |
13833 |
100 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1670 |
1650 |
-20 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13450 |
13420 |
-30 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11700 |
11800 |
100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12600 |
12600 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1095 |
1195 |
100 |
Yuan/ton |
|
|
Main force-China All Latex |
812 |
782 |
-30 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2432 |
7.2532 |
0.01 |
Yuan |
|
|
Thai Baht to RMB |
0.2026 |
0.2014 |
-0.0012 |
Yuan |
||
market outlook
Overseas raw material prices are operating at high and volatile levels. China's raw materials are growing well, and Yunnan manufacturers have successively carried out trial cutting; today, China's natural rubber market prices are rising steadily, and inventory trends in some regions are declining; the downstream tire industry is highly resistant to high-priced rubber, and most purchases are based on demand. Focus on demand, the natural rubber market is expected to consolidate in the short term.