[Natural Rubber]: Rubber Daily Journal (April 10)
84,476 
April 10, 2024, 4:49 PM Analysis of natural rubber market price on April 10
index
On April 10, the STR20 price index of natural rubber in the Qingdao market was US$1690/ton, down 10 or 0.6% 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 10 |
15130 |
15005 |
15190 |
15070 |
16205 |
14805 |
15070 |
|
April 9 |
14860 |
14835 |
15185 |
15140 |
16305 |
14865 |
15140 |
|
rise and fall |
270 |
170 |
5 |
-70 |
-100 |
-60 |
-70 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
April 10 |
12285 |
12860 |
12120 |
12540 |
|
April 9 |
12380 |
12955 |
12205 |
12615 |
|
rise and fall |
-95 |
-95 |
-85 |
-75 |
spot market
Supply:
Foreign countries: Thailand's raw material prices have stabilized and moved slightly, and the overall situation is high.
China: Raw material prices in Yunnan have increased, while raw material prices in Hainan have increased significantly from February.
|
price type |
April 9 |
April 10 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
75 |
74.5 |
-0.5 |
baht/kg |
|
cup glue |
55.3 |
55.55 |
0.25 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
12800 |
12800 |
0 |
Yuan/ton |
|
|
rubber block |
10900 |
11300 |
400 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
0 |
14000 |
14000 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
0 |
14500 |
14500 |
Yuan/ton |
||
On the demand side: Semi-steel tyre enterprises started operations and maintained high levels. The prices of most enterprises increased smoothly, and a small number of enterprises had follow-up plans; the overall shipping pressure of all steel tyre enterprises was high, and their inventories increased significantly compared with the previous month. After the increase in April, the implementation of the new price policy was relatively slow. In terms of the market, demand in the terminal market is relatively flat, the tire market has sufficient inventory, and merchants mainly digest inventory.
Futures spot price list
|
price type |
April 9 |
April 10 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13983 |
14183 |
200 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1700 |
1690 |
-10 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13800 |
13750 |
-50 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11400 |
11400 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12400 |
12300 |
-100 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1340 |
1320 |
-20 |
Yuan/ton |
|
|
Main force-China All Latex |
1157 |
887 |
-270 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2512 |
7.2462 |
-0.005 |
Yuan |
|
|
Thai Baht to RMB |
0.2012 |
0.2033 |
0.0021 |
Yuan |
||
market outlook
Thailand's raw material prices are operating at high and volatile levels, providing strong support for rubber costs; China's Yunnan and Hainan produce less raw materials, and spot prices are high; today, China's natural rubber market prices are falling and rising, and enterprises 'production and sales are basically balanced; the downstream tire industry has accumulated stocks. Serious, poor sentiment about raw material procurement, and a strong negative atmosphere on the demand side. It is expected that the natural rubber market will operate weakly in the short term.