[Natural Rubber]: Rubber Daily Journal (April 9)
81,176 
April 9, 2024, 4:51 PM Analysis of natural rubber market price on April 9
index
On April 9, the STR20 price index of natural rubber in the Qingdao market was US$1700/ton, up 30 or 1.8% 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 9 |
14860 |
14835 |
15185 |
15140 |
16305 |
14865 |
15140 |
|
April 8 |
14505 |
14335 |
14985 |
14850 |
16045 |
14595 |
14850 |
|
rise and fall |
355 |
500 |
200 |
290 |
260 |
270 |
290 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
April 9 |
12380 |
12955 |
12205 |
12615 |
|
April 8 |
12195 |
12820 |
12025 |
12500 |
|
rise and fall |
185 |
135 |
180 |
115 |
spot market
Supply:
Foreign countries: Thailand's raw material prices are falling and rising, and the overall situation is high.
China: Some production areas in Yunnan have been suspended due to dry weather, and Hainan has not yet started cutting.
|
price type |
April 8 |
April 9 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
76 |
75 |
-1 |
baht/kg |
|
cup glue |
54.95 |
55.3 |
0.35 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
0 |
12800 |
12800 |
Yuan/ton |
|
|
rubber block |
0 |
10900 |
10900 |
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 operating rate of semi-steel tire enterprises increased slightly compared with last week, a significant increase compared with the same period last year, and the market spot inventory increased; the operating rate of all-steel tire enterprises increased in a narrow range compared with last week, declining compared with the same period last year, and the market spot inventory increased. In terms of the market, the starting load of downstream tire companies is still high, but the shipment speed has slowed down significantly, and the phenomenon of companies accumulating stocks has increased.
Futures spot price list
|
price type |
April 8 |
April 9 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13833 |
13983 |
150 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1670 |
1700 |
30 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13580 |
13800 |
220 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11550 |
11400 |
-150 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12400 |
12400 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1270 |
1340 |
70 |
Yuan/ton |
|
|
Main force-China All Latex |
1017 |
1157 |
140 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2487 |
7.2512 |
0.0025 |
Yuan |
|
|
Thai Baht to RMB |
0.2012 |
0.2012 |
0.0000 |
Yuan |
||
market outlook
Thailand's raw material prices are operating at a high level, which has strong support for rubber costs; China's raw materials have not yet been cut on a large scale, and the supply of raw materials in the market is low; today, China's natural rubber market prices have fallen and risen, and the spot market has been successfully removed from the warehouse; the downstream tire industry has experienced average shipment performance, and there is no mood to stock raw materials purchased. It is expected that the natural rubber market will be consolidated and operated in the short term.