Analysis of natural rubber market price on April 25
index
On April 25, the STR20 price index of natural rubber in the Qingdao market was US$1600/ton, down 15 or 0.9% 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 25
|
14200
|
13955
|
14240
|
14045
|
15140
|
13805
|
14045
|
|
on April 24
|
14260
|
14135
|
14325
|
14215
|
15325
|
13970
|
14215
|
|
rise and fall
|
-60
|
-180
|
-85
|
-170
|
-185
|
-165
|
-170
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
April 25
|
11370
|
11905
|
11195
|
11645
|
|
on April 24
|
11525
|
12140
|
11355
|
11800
|
|
rise and fall
|
-155
|
-235
|
-160
|
-155
|
spot market
Supply:
Foreign countries: Vietnam and Thailand have begun to cut raw material production areas one after another, and the current output is low.
China: Hainan's raw material prices fell again, while Yunnan's raw material prices maintained an upward trend.
|
price type
|
on April 24
|
April 25
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
71
|
71.5
|
0.5
|
baht/kg
|
|
cup glue
|
54.7
|
54.35
|
-0.35
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
13200
|
13300
|
100
|
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)
|
15500
|
15000
|
-500
|
Yuan/ton
|
On the demand side: Most semi-steel tire companies start operations and maintain a high level, and some companies have maintenance plans at the end of the month; new orders in the all-steel tire market have decreased significantly compared with the previous period, traders have high inventory reserves, and there is little willingness to replenish goods. In terms of the market, China's passenger and truck tire exports increased significantly in March compared with February, and sales in April showed a downward trend.
Futures spot price list
|
price type
|
on April 24
|
April 25
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13433
|
13283
|
-150
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1615
|
1600
|
-15
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13110
|
13100
|
-10
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11200
|
10900
|
-300
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12000
|
11900
|
-100
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1105
|
945
|
-160
|
Yuan/ton
|
|
Main force-China All Latex
|
782
|
762
|
-20
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.261
|
7.2647
|
0.0037
|
Yuan
|
|
Thai Baht to RMB
|
0.2003
|
0.1992
|
-0.0011
|
Yuan
|
market outlook
Overseas raw material market prices are operating weak, which provides general support for rubber costs; China's Yunnan and Hainan raw material prices are generally high, and the market supply is relatively tight; today, China's natural rubber market prices maintain a downward trend, and some companies have begun to lose money; the downstream tire industry demand is sluggish, and the supply pressure in the natural rubber market is high. It is expected that the natural rubber market will maintain a downward trend in the short term.
