[Natural Rubber]: Rubber Daily Journal (April 26)
50,468 
April 26, 2024, 4:35 PM Analysis of natural rubber market price on April 26
index
On April 26, the STR20 price index of natural rubber in the Qingdao market was US$1610/ton, up 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 26 |
14075 |
13965 |
14200 |
14195 |
15250 |
13935 |
14195 |
|
April 25 |
14200 |
13955 |
14240 |
14045 |
15140 |
13805 |
14045 |
|
rise and fall |
-125 |
10 |
-40 |
150 |
110 |
130 |
150 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
April 26 |
11485 |
12065 |
11325 |
11755 |
|
April 25 |
11370 |
11905 |
11195 |
11645 |
|
rise and fall |
115 |
160 |
130 |
110 |
spot market
Supply:
Foreign countries: Thailand's raw material prices fluctuate, while Malaysia's raw materials maintain a downward trend.
China: Hainan's raw material prices fell sharply, while Yunnan's raw materials remained stable.
|
price type |
April 25 |
April 26 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
71.5 |
72 |
0.5 |
baht/kg |
|
cup glue |
54.35 |
54.35 |
0 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
13300 |
13300 |
0 |
Yuan/ton |
|
|
rubber block |
11800 |
11800 |
0 |
Yuan/ton |
||
|
Hainan |
Glue (into the dry glue factory) |
14000 |
13000 |
-1000 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
15000 |
14300 |
-700 |
Yuan/ton |
||
On the demand side: The inventory reserves in the Chinese market for semi-steel tires are slightly insufficient, and companies have ordered foreign trade production; some companies with all-steel tires have implemented certain promotional policies, but the downstream purchasing mentality is cautious, and overall shipments are slightly flat. In terms of the market, affected by weakening cost support, most tire companies have been sluggish in shipments and have moderate profits.
Futures spot price list
|
price type |
April 25 |
April 26 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13283 |
13283 |
0 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1600 |
1610 |
10 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13100 |
12985 |
-115 |
Yuan/ton |
|
|
Ningbo |
Hainan |
10900 |
10800 |
-100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
11900 |
11700 |
-200 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
945 |
1210 |
265 |
Yuan/ton |
|
|
Main force-China All Latex |
762 |
912 |
150 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2647 |
7.2642 |
-0.0005 |
Yuan |
|
|
Thai Baht to RMB |
0.1992 |
0.1998 |
0.0006 |
Yuan |
||
market outlook
Overseas raw material output is low, and market prices are weak, which provides general support for rubber costs; raw material prices in Yunnan and Hainan in China are generally high, and market supply is relatively tight; today, natural rubber market prices in China's Shandong and Zhejiang maintain a downward trend, and the market is bearish. The atmosphere is gradually fermentation; the downstream tire and rubber products industry still has large inventory reserves, and there is no demand for stocking. It is expected that the natural rubber market will operate weakly in the short term.