Analysis of natural rubber market price on May 9
index
On May 9, the STR20 price index of natural rubber in the Qingdao market was US$1620/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
|
|
May 9
|
14245
|
14110
|
14255
|
14240
|
15340
|
13880
|
14240
|
|
May 8
|
14270
|
14235
|
14430
|
14255
|
15350
|
13910
|
14255
|
|
rise and fall
|
-25
|
-125
|
-175
|
-15
|
-10
|
-30
|
-15
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
May 9
|
11660
|
12160
|
11400
|
11895
|
|
May 8
|
11655
|
12200
|
11580
|
11880
|
|
rise and fall
|
5
|
-40
|
-180
|
15
|
spot market
Supply:
Foreign countries: Southeast Asia's raw material production areas have been opened one after another, and the raw material market supply expectations have increased significantly.
China: China's production areas have ushered in large-scale opening after the rain, and market prices have remained stable at high levels.
|
price type
|
May 8
|
May 9
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
74
|
74.3
|
0.3
|
baht/kg
|
|
cup glue
|
55.4
|
55.5
|
0.1
|
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)
|
13900
|
13900
|
0
|
Yuan/ton
|
On the demand side: The shipments of semi-steel tire companies are quite different, and the shortage of some models of tires remains, and the companies are more active in scheduling production; the overall shipments of all steel tire companies are relatively general, the companies are more active in resuming production, and market inventories are gradually accumulating. In terms of the market, the production capacity of the tire industry has gradually recovered, spot inventories have shown an upward trend, and companies have plans for promotion.
Futures spot price list
|
price type
|
May 8
|
May 9
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13633
|
13483
|
-150
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1635
|
1620
|
-15
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13265
|
13245
|
-20
|
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
|
990
|
995
|
5
|
Yuan/ton
|
|
Main force-China All Latex
|
622
|
757
|
135
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2407
|
7.2442
|
0.0035
|
Yuan
|
|
Thai Baht to RMB
|
0.2024
|
0.2026
|
0.0002
|
Yuan
|
market outlook
The supply of overseas raw materials in the market is slowly increasing, and market prices are relatively high, which provides strong support for rubber costs; China's raw materials have begun to tap widely, and the market prices are operating at high levels; today, China's natural rubber market prices have fallen within a narrow range, and the spot market supply is sufficient; The downstream tire market demand is still sluggish and it is difficult to improve in the short term. The main focus is to digest inventories. The natural rubber market is expected to operate in a weak manner in the short term.
