[Natural Rubber]: Rubber Daily Journal (April 19)
70,617 
April 19, 2024, 4:47 PM Analysis of natural rubber market price on April 19
index
On April 19, the STR20 price index of natural rubber in the Qingdao market was US$1640/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 19 |
14595 |
14450 |
14720 |
14565 |
15695 |
14335 |
14565 |
|
April 18 |
14560 |
14430 |
14640 |
14590 |
15655 |
14350 |
14590 |
|
rise and fall |
35 |
20 |
80 |
-25 |
40 |
-15 |
-25 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
April 19 |
11830 |
12420 |
11655 |
12065 |
|
April 18 |
11700 |
12350 |
11530 |
11995 |
|
rise and fall |
130 |
70 |
125 |
70 |
spot market
Supply:
Foreign countries: After the Songkran Festival in Thailand, raw materials were cut one after another, and the market situation declined.
China: Yunnan's drought has eased and cutting has begun smoothly, while Hainan's rubber tapping progress has been delayed.
|
price type |
April 18 |
April 19 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
70 |
70 |
0 |
baht/kg |
|
cup glue |
54.85 |
54.5 |
-0.35 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
0 |
12900 |
12900 |
Yuan/ton |
|
|
rubber block |
0 |
11600 |
11600 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
14000 |
14000 |
0 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
15700 |
15700 |
0 |
Yuan/ton |
||
On the demand side: Semi-steel tire companies are making slow price increases, companies give priority to foreign trade ordering, and order delivery in the Chinese market is slightly delayed; the circulation of goods in the entire steel tire market is slow, and there is no change in corporate price policies, and the market is mostly pricing based on volume. 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 18 |
April 19 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13683 |
13833 |
150 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1635 |
1640 |
5 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13300 |
13360 |
60 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11350 |
11400 |
50 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12200 |
12200 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1290 |
1205 |
-85 |
Yuan/ton |
|
|
Main force-China All Latex |
907 |
732 |
-175 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2542 |
7.2602 |
0.006 |
Yuan |
|
|
Thai Baht to RMB |
0.2006 |
0.2004 |
-0.0002 |
Yuan |
||
market outlook
Thailand's raw material prices are declining steadily, and support for rubber costs is weak; China's Yunnan and Hainan production areas have been cut one after another, the market supply is low, and raw material prices are tight; today, China's natural rubber market prices have increased within a narrow range, and Qingdao's warehouse removal speed continues to advance; The starting load of the downstream tire industry is stable at a high level. With the decline in the natural rubber market alone, tire companies are making up for stocks on dips, and it is expected that the natural rubber market will operate weakly in the short term.