Analysis of natural rubber market price on April 11
index
On April 11, the STR20 price index of natural rubber in the Qingdao market was US$1670/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 11
|
15050
|
14750
|
15055
|
14915
|
16035
|
14645
|
14915
|
|
April 10
|
15130
|
15005
|
15190
|
15070
|
16205
|
14805
|
15070
|
|
rise and fall
|
-80
|
-255
|
-135
|
-155
|
-170
|
-160
|
-155
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
April 11
|
12135
|
12730
|
11960
|
12380
|
|
April 10
|
12285
|
12860
|
12120
|
12540
|
|
rise and fall
|
-150
|
-130
|
-160
|
-160
|
spot market
Supply:
Foreign: Thailand's raw material glue prices continue to decline, while the price of rubber cups continues to rise.
China: Yunnan raw material prices are rising steadily, while Hainan raw material market prices are stable.
|
price type
|
April 10
|
April 11
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
74.5
|
73.5
|
-1
|
baht/kg
|
|
cup glue
|
55.55
|
55.95
|
0.4
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
12800
|
12800
|
0
|
Yuan/ton
|
|
rubber block
|
11300
|
11500
|
200
|
Yuan/ton
|
|
Hainan
|
Glue (into the dry glue factory)
|
14000
|
14000
|
0
|
Yuan/ton
|
|
Glue (Jinnong Dairy Factory)
|
14500
|
14500
|
0
|
Yuan/ton
|
On the demand side: Foreign trade shipments in the semi-steel tire market are booming, and companies are actively ordering orders, and the delivery of orders in the Chinese market has been delayed; all steel tire companies have equipment operating normally, and start-up continues to be stable. Recently, shipments have slowed down, and finished product inventory is reasonable range. In terms of the market, downstream traders have sufficient inventories, mostly consuming inventories, and there is no large demand for stocking.
Futures spot price list
|
price type
|
April 10
|
April 11
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
14183
|
13933
|
-250
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1690
|
1670
|
-20
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13750
|
13650
|
-100
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11400
|
11400
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12300
|
12100
|
-200
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1320
|
1265
|
-55
|
Yuan/ton
|
|
Main force-China All Latex
|
887
|
982
|
95
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2462
|
7.2542
|
0.008
|
Yuan
|
|
Thai Baht to RMB
|
0.2033
|
0.2014
|
-0.0019
|
Yuan
|
market outlook
Thailand's high raw material prices have strong support for rubber costs; China's Yunnan and Hainan raw materials have been affected by dry weather, and the market supply is low; China's natural rubber market prices have fallen today, and the Qingdao market has been significantly de-stocked; the downstream tire industry has accumulated serious inventories, and raw material procurement The mood is poor, and the demand side is strong. The natural rubber market is expected to operate weakly in the short term.
