[Natural Rubber]: Rubber Daily Journal (April 17)
74,816 
April 17, 2024, 4:41 PM Analysis of natural rubber market price on April 17
index
On April 17, the STR20 price index of natural rubber in the Qingdao market was US$1635/ton, up 5 or 0.3% 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 17 |
14505 |
14400 |
14600 |
14560 |
15640 |
14320 |
14560 |
|
April 16 |
14700 |
14470 |
14710 |
14515 |
15610 |
14270 |
14515 |
|
rise and fall |
-195 |
-70 |
-110 |
45 |
30 |
50 |
45 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
April 17 |
11740 |
12300 |
11575 |
12050 |
|
April 16 |
11735 |
12450 |
11570 |
12065 |
|
rise and fall |
5 |
-150 |
5 |
-15 |
spot market
Supply:
Foreign: Southeast Asia's raw material output is low, and Thailand's glue market is declining.
China: The output of raw materials in Yunnan and Hainan is low, and Hainan glue prices continue to be stable and upward.
|
price type |
April 16 |
April 17 |
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) |
15200 |
15400 |
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 market, shipments in the Chinese market dropped significantly compared with the previous month, and foreign trade exports also shrank, but there is still some overall support.
Futures spot price list
|
price type |
April 16 |
April 17 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13783 |
13733 |
-50 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1630 |
1635 |
5 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13300 |
13300 |
0 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11450 |
11450 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12200 |
12200 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1215 |
1260 |
45 |
Yuan/ton |
|
|
Main force-China All Latex |
732 |
827 |
95 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2557 |
7.2562 |
0.0005 |
Yuan |
|
|
Thai Baht to RMB |
0.2006 |
0.2014 |
0.0008 |
Yuan |
||
market outlook
The decline in raw material prices in Thailand has weakened 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 port inventories have been digested and reduced; downstream tires and rubber products The industry's shipments are relatively flat, its attitude towards raw material stocking is more cautious, and the demand side has a strong bearish atmosphere. It is expected that the natural rubber market will operate weakly in the short term.