[Natural Rubber]: Rubber Daily Journal (April 23)
57,100 
April 23, 2024, 4:39 PM Analysis of natural rubber market price on April 23
index
On April 23, the STR20 price index of natural rubber in the Qingdao market was US$1620/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 23 |
14385 |
14260 |
14465 |
14280 |
15380 |
14060 |
14280 |
|
April 22 |
14550 |
14400 |
14700 |
14415 |
15515 |
14185 |
14415 |
|
rise and fall |
-165 |
-140 |
-235 |
-135 |
-135 |
-125 |
-135 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
April 23 |
11635 |
12295 |
11450 |
11885 |
|
April 22 |
11765 |
12470 |
11580 |
12040 |
|
rise and fall |
-130 |
-175 |
-130 |
-155 |
spot market
Supply:
Foreign: Thailand's raw material prices are fluctuating, and the prices of glue and cup glue have increased within a narrow range today.
China: China's raw material output is low, and Yunnan and Hainan have successively increased the number of areas to be opened.
|
price type |
April 22 |
April 23 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
70.5 |
71 |
0.5 |
baht/kg |
|
cup glue |
54.35 |
54.85 |
0.5 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
13100 |
13200 |
100 |
Yuan/ton |
|
|
rubber block |
11700 |
11800 |
100 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
14000 |
14000 |
0 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
15800 |
15800 |
0 |
Yuan/ton |
||
On the demand side: Semi-steel tire enterprises started at a high level, some enterprises replaced molds, and the enterprise's capacity utilization rate fluctuated slightly; the overall shipment of the entire steel tire market was average, there were many accumulated enterprises 'inventories, and the overall production and sales were uneven. In terms of the market, some tires have been suspended for maintenance plans, and the operating rate of enterprises has dropped within a narrow range.
Futures spot price list
|
price type |
April 22 |
April 23 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13733 |
13633 |
-100 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1630 |
1620 |
-10 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13280 |
13180 |
-100 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11300 |
11300 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12100 |
12100 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1135 |
1100 |
-35 |
Yuan/ton |
|
|
Main force-China All Latex |
682 |
647 |
-35 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2592 |
7.2627 |
0.0035 |
Yuan |
|
|
Thai Baht to RMB |
0.1999 |
0.1994 |
-0.0005 |
Yuan |
||
market outlook
The downward adjustment in overseas raw material prices has weak support for rubber costs; China's Yunnan and Hainan production areas are in progress, the market supply is low, and raw materials are tight and prices are rising; today, China's natural rubber market prices maintain a downward trend, and natural latex port spot stocks are gradually digested; The downstream tire industry is more depressed about high-priced rubber raw materials, and the supply pressure in the natural rubber market is greater. It is expected that the natural rubber market will operate weakly in the short term.