Analysis of natural rubber market price on May 7
index
On May 7, the STR20 price index of natural rubber in the Qingdao market was US$1635/ton, up 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
|
|
May 7
|
14150
|
14150
|
14390
|
14285
|
15385
|
14000
|
14285
|
|
May 6
|
14005
|
14000
|
14195
|
14150
|
15235
|
13840
|
14150
|
|
rise and fall
|
145
|
150
|
195
|
135
|
150
|
160
|
135
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
May 7
|
11690
|
12250
|
11600
|
11915
|
|
May 6
|
11580
|
12105
|
11530
|
11810
|
|
rise and fall
|
110
|
145
|
70
|
105
|
spot market
Supply:
Abroad: Overseas raw material production is low, and Thailand's raw material prices have increased significantly compared with last year.
China: Raw material prices in Hainan remained stable today, while raw material prices in Yunnan increased slightly.
|
price type
|
May 6
|
May 7
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
0
|
73.5
|
73.5
|
baht/kg
|
|
cup glue
|
0
|
55.2
|
55.2
|
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)
|
14000
|
14000
|
0
|
Yuan/ton
|
On the demand side: Most semi-steel tire companies maintain normal operation, the market demand for terminal replacement is poor, and the market purchasing atmosphere is sluggish; during the holidays, a few all-steel tire companies that have stopped production for maintenance are gradually resuming production, and market supply is slowly increasing. In terms of the market, the shipment performance of the downstream tire industry was average at the beginning of the month. Most companies started operating at regular levels, and inventory reserves were within a reasonable range.
Futures spot price list
|
price type
|
May 6
|
May 7
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13433
|
13633
|
200
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1630
|
1635
|
5
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13085
|
13160
|
75
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
10300
|
10350
|
50
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
11700
|
12100
|
400
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1065
|
1125
|
60
|
Yuan/ton
|
|
Main force-China All Latex
|
717
|
652
|
-65
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2622
|
7.2342
|
-0.028
|
Yuan
|
|
Thai Baht to RMB
|
0.2024
|
0.2034
|
0.0010
|
Yuan
|
market outlook
Thailand's raw material market prices fluctuated and fell, but prices increased significantly compared with the same period last year, which provided strong support for rubber costs; China's raw materials have begun to be tapped on a large scale, and the market supply is relatively low; today, China's natural rubber market prices have increased within a narrow range, and social inventories continue to be digested.; The downstream tire industry has sufficient stocks, poor demand for raw material procurement, and a strong bearish atmosphere in the market. It is expected that the natural rubber market will operate steadily in the short term.
