Analysis of natural rubber market price on April 7
index
On April 7, the STR20 price index of natural rubber in the Qingdao market was US$1650/ton, which was unchanged from the previous working day.
market analysis
spot market
Supply:
Foreign: Thailand's raw material market has declined, and cost support has weakened.
China: Trial cutting is carried out in some rainy areas in Yunnan and Hainan, and the current yield is scarce.
|
price type
|
April 3
|
April 7
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
76
|
76
|
0
|
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: 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, some tire companies were undergoing maintenance during Qingming Festival and have not yet resumed construction. The operating rate of the tire industry dropped slightly.
Futures spot price list
|
price type
|
April 3
|
April 7
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13683
|
13683
|
0
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1635
|
1635
|
0
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13360
|
13360
|
0
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11600
|
11600
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12500
|
12500
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1255
|
1255
|
0
|
Yuan/ton
|
|
Main force-China All Latex
|
932
|
932
|
0
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2547
|
7.2512
|
-0.0035
|
Yuan
|
|
Thai Baht to RMB
|
0.2015
|
0.2017
|
0.0002
|
Yuan
|
market outlook
Overseas raw material prices have fallen, weakening support for rubber costs. China's raw materials are growing well, and Yunnan manufacturers have successively carried out trial cutting; today, China's natural rubber market prices are stable and downward, and port spot inventories are relatively low; the downstream tire industry purchases rubber mostly focus on just needs, and the demand side has limited support. It is expected that the natural rubber market will operate steadily in the short term.
