[Natural Rubber]: Rubber Daily Journal (April 24)
54,648 
April 24, 2024, 4:47 PM Analysis of natural rubber market price on April 24
index
On April 24, the STR20 price index of natural rubber in the Qingdao market was US$1615/ton, down 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 |
|
|
on April 24 |
14260 |
14135 |
14325 |
14215 |
15325 |
13970 |
14215 |
|
April 23 |
14385 |
14260 |
14465 |
14280 |
15380 |
14060 |
14280 |
|
rise and fall |
-125 |
-125 |
-140 |
-65 |
-55 |
-90 |
-65 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
on April 24 |
11525 |
12140 |
11355 |
11800 |
|
April 23 |
11635 |
12295 |
11450 |
11885 |
|
rise and fall |
-110 |
-155 |
-95 |
-85 |
spot market
Supply:
Foreign countries: Thailand's raw material prices are weak, and cost support is weak.
China: China's raw material prices are generally high. Hainan's raw materials fell for the first time this year, and Yunnan's prices are stable.
|
price type |
April 23 |
on April 24 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
71 |
71 |
0 |
baht/kg |
|
cup glue |
54.85 |
54.7 |
-0.15 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
13200 |
13200 |
0 |
Yuan/ton |
|
|
rubber block |
11800 |
11800 |
0 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
14000 |
14000 |
0 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
15800 |
15500 |
-300 |
Yuan/ton |
||
On the demand side: Semi-steel tyre enterprises started at a high level, some enterprises replaced molds, and the utilization rate of enterprises 'capacity fluctuated slightly; the overall shipments of the entire steel tyre market were average, and there were many accumulated inventory phenomena in enterprises, and some enterprises lost their production plans. In terms of the market, there is a serious accumulation of inventories in the tire market. Recently, raw material prices have declined. Some tire companies have implemented certain promotional policies to promote shipments.
Futures spot price list
|
price type |
April 23 |
on April 24 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13633 |
13433 |
-200 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1620 |
1615 |
-5 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13180 |
13110 |
-70 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11300 |
11200 |
-100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12100 |
12000 |
-100 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1100 |
1105 |
5 |
Yuan/ton |
|
|
Main force-China All Latex |
647 |
782 |
135 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2627 |
7.261 |
-0.0017 |
Yuan |
|
|
Thai Baht to RMB |
0.1994 |
0.2003 |
0.0009 |
Yuan |
||
market outlook
The trend of overseas raw material prices has declined, weakening the support for rubber costs; the overall high raw material prices in Yunnan and Hainan in China are operating, and the market supply is relatively tight; today, China's natural rubber market prices have maintained a downward trend, and natural latex port spot inventories have gradually been digested; the downstream tire industry The pressure on high-priced rubber raw materials is strong. The natural rubber market is expected to maintain a downward trend in the short term.