[Natural Rubber]: Rubber Daily Journal (May 10)
9,341 
May 10, 2024, 4:21 PM Analysis of natural rubber market price on May 10
index
On May 10, the STR20 price index of natural rubber in the Qingdao market was US$1620/ton, which was the same as 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 10 |
14250 |
14120 |
14305 |
14130 |
15220 |
13845 |
14130 |
|
May 9 |
14245 |
14110 |
14255 |
14240 |
15340 |
13880 |
14240 |
|
rise and fall |
5 |
10 |
50 |
-110 |
-120 |
-35 |
-110 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
May 10 |
11685 |
12155 |
11420 |
11840 |
|
May 9 |
11660 |
12160 |
11400 |
11895 |
|
rise and fall |
25 |
-5 |
20 |
-55 |
spot market
Supply:
Foreign countries: The rubber tapping situation in Vietnam's raw material producing areas is poor, and Thailand's raw material output is low.
China: China's raw material prices are high and volatile, and manufacturers 'supplies are low.
|
price type |
May 9 |
May 10 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
74.3 |
- |
- |
baht/kg |
|
cup glue |
55.5 |
- |
- |
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 |
||
Demand: After the holidays, the peak shipment period of semi-steel tire companies gradually faded, and downstream buying sentiment fell; the production and sales pressure of all-steel tire companies remained unchanged, and the willingness of terminals to hoard goods was less than expected, mainly to digest inventory. In terms of the market, in May, construction of outdoor engineering and infrastructure projects began one after another, boosting the demand for tire replacement market.
Futures spot price list
|
price type |
May 9 |
May 10 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13483 |
13383 |
-100 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1620 |
1620 |
0 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13245 |
13220 |
-25 |
Yuan/ton |
|
|
Ningbo |
Hainan |
10350 |
10350 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12100 |
12200 |
100 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
995 |
910 |
-85 |
Yuan/ton |
|
|
Main force-China All Latex |
757 |
747 |
-10 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2442 |
7.2432 |
-0.001 |
Yuan |
|
|
Thai Baht to RMB |
0.2026 |
0.2034 |
0.0008 |
Yuan |
||
market outlook
Affected by severe weather, the rubber tapping process in raw material producing areas at home and abroad has been slow, the supply of new rubber in the market has continued to be low, and the market price has fluctuated at a high level, which has acceptable support for rubber costs; today, the price of China's natural rubber market has fluctuated and declined, and the market de-warehousing speed has gradually slowed down; the starting load of the downstream tire industry has not yet returned to the pre-holiday level, and market shipments have slowed down slightly. The natural rubber market is expected to continue to be weak in the short term.