Analysis of natural rubber market price on May 8
index
On May 8, the STR20 price index of natural rubber in the Qingdao market was US$1635/ton, which was unchanged 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 8
|
14270
|
14235
|
14430
|
14255
|
15350
|
13910
|
14255
|
|
May 7
|
14150
|
14150
|
14390
|
14285
|
15385
|
14000
|
14285
|
|
rise and fall
|
120
|
85
|
40
|
-30
|
-35
|
-90
|
-30
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
May 8
|
11655
|
12200
|
11580
|
11880
|
|
May 7
|
11690
|
12250
|
11600
|
11915
|
|
rise and fall
|
-35
|
-50
|
-20
|
-35
|
spot market
Supply:
Abroad: Overseas raw material production is low, and Thailand's raw material market prices have increased slightly.
China: Hainan's raw material market prices fell, while Yunnan's raw material market prices remained stable.
|
price type
|
May 7
|
May 8
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
73.5
|
74
|
0.5
|
baht/kg
|
|
cup glue
|
55.2
|
55.4
|
0.2
|
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
|
13900
|
-100
|
Yuan/ton
|
On the demand side: The shipments of semi-steel tire companies are quite different. Overall, the circulation speed of goods supply is average; 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 overall shipment performance of the tire industry is average, market inventories show a slow growth trend, and the pressure on production and sales of enterprises increases.
Futures spot price list
|
price type
|
May 7
|
May 8
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13633
|
13633
|
0
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1635
|
1635
|
0
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13160
|
13265
|
105
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
10350
|
10350
|
0
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12100
|
12100
|
0
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1125
|
990
|
-135
|
Yuan/ton
|
|
Main force-China All Latex
|
652
|
622
|
-30
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2342
|
7.2407
|
0.0065
|
Yuan
|
|
Thai Baht to RMB
|
0.2034
|
0.2024
|
-0.0010
|
Yuan
|
market outlook
Recently, the prices of raw materials in Thailand have fluctuated continuously, but the prices are relatively high, which has strong support for rubber costs; China's raw materials have begun to be tapped on a large scale, and the market supply is relatively tight; today, the prices of China's natural rubber market are steadily rising, and Qingdao's spot goods continue to be destocked; The downstream tire industry has sufficient stocks, poor demand for raw materials procurement, and a negative atmosphere in the market. It is expected that the natural rubber market will operate steadily in the short term.
