[Natural Rubber]: Rubber Daily Journal (April 28)
43,512 
April 28, 2024, 4:53 PM
market analysis
spot market
Supply:
Abroad: Vietnam's raw material production areas are delayed in opening, and Thailand's raw material output is low.
China: Due to the impact of dry weather, many production areas in Yunnan and Hainan have suspended cutting, and a few production areas have successfully started cutting after rainfall.
|
price type |
April 26 |
April 28 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
72 |
- |
- |
baht/kg |
|
cup glue |
54.35 |
- |
- |
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) |
13000 |
13000 |
0 |
Yuan/ton |
|
|
Glue (Jinnong Dairy Factory) |
14300 |
14200 |
-100 |
Yuan/ton |
||
On the demand side: The capacity utilization rate of semi-steel tire enterprises exceeded 80%, up two points from the same period last year; the capacity utilization rate of all-steel tire enterprises was less than 70%, down 1.5 points from the same period last year. In terms of the market, cost support is insufficient, market inventories are relatively sufficient, and tire companies 'price policies are low.
Futures spot price list
|
price type |
April 26 |
April 28 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13283 |
- |
- |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1610 |
1610 |
0 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
12985 |
12985 |
0 |
Yuan/ton |
|
|
Ningbo |
Hainan |
10800 |
10800 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
11700 |
11700 |
0 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1210 |
1210 |
0 |
Yuan/ton |
|
|
Main force-China All Latex |
912 |
- |
- |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2642 |
7.1056 |
-0.1586 |
Yuan |
|
|
Thai Baht to RMB |
0.1998 |
0.1936 |
-0.0062 |
Yuan |
||
market outlook
Vietnam and Thailand have low raw material output and weak market prices, which provide general support for rubber costs; China's Yunnan and Hainan raw material prices are generally high, and the raw material market supply is relatively tight; today, China's natural rubber market prices are stable, and port inventories remain in decline. Trend; the shipment performance of the downstream tire and rubber products industry is lukewarm, and the enthusiasm for raw material procurement has dropped significantly. The natural rubber market is expected to operate weakly in the short term.