[Natural Rubber]: Rubber Daily Journal (April 16)
76,576 
April 16, 2024, 4:40 PM Analysis of natural rubber market price on April 16
index
On April 16, the STR20 price index of natural rubber in the Qingdao market was US$1630/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 16 |
14700 |
14470 |
14710 |
14515 |
15610 |
14270 |
14515 |
|
April 15 |
14725 |
14625 |
14825 |
14710 |
15815 |
14445 |
14710 |
|
rise and fall |
-25 |
-155 |
-115 |
-195 |
-205 |
-175 |
-195 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
April 16 |
11735 |
12450 |
11570 |
12065 |
|
April 15 |
11950 |
12570 |
11770 |
12225 |
|
rise and fall |
-215 |
-120 |
-200 |
-160 |
spot market
Supply:
Foreign countries: Thailand's raw material output is low, and market prices are starting to decline.
China: There is no quotation for raw materials in Yunnan, and the price of raw materials in Hainan continues to rise.
|
price type |
April 15 |
April 16 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
0 |
0 |
0 |
baht/kg |
|
cup glue |
0 |
0 |
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) |
14000 |
14000 |
0 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
15000 |
15200 |
200 |
Yuan/ton |
||
On the demand side: The shortage of goods in semi-steel tyre enterprises has eased, terminal demand has performed generally, and the market trading atmosphere has been relatively flat; the number of new orders signed by all steel tyre enterprises has declined compared with the previous period, making it difficult for enterprises to maintain a balance between production and sales, and some enterprises have plans to control production. In terms of the market, the construction of the downstream tire industry continues to be at a high level, the prices offered by companies are stable, the market mostly sets prices based on volume, and the speed of de-warehousing is relatively slow.
Futures spot price list
|
price type |
April 15 |
April 16 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13833 |
13783 |
-50 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1650 |
1630 |
-20 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13480 |
13300 |
-180 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11350 |
11450 |
100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12100 |
12200 |
100 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1230 |
1215 |
-15 |
Yuan/ton |
|
|
Main force-China All Latex |
877 |
732 |
-145 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.255 |
7.2557 |
0.0007 |
Yuan |
|
|
Thai Baht to RMB |
0.2012 |
0.2006 |
-0.0006 |
Yuan |
||
market outlook
Thailand's raw material prices have fallen, weakening support for rubber costs; China's Yunnan and Hainan production areas have been cut off one after another, and market prices have continued to rise; today, China's natural rubber market prices are fluctuating within a narrow range, and the spot market transactions are relatively flat; downstream tire and rubber products The demand in the industry is poor, and the attitude towards stocking raw materials is more cautious. The negative atmosphere on the demand side is strong. The natural rubber market is expected to operate weakly in the short term.