Analysis of natural rubber market price on May 16
index
On May 16, the STR20 price index of natural rubber in the Qingdao market was US$1685/ton, up 25 or 1.5% 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 16
|
14440
|
14390
|
14780
|
14710
|
15780
|
15830
|
14710
|
|
on May 15
|
14310
|
14295
|
14455
|
14430
|
15475
|
14075
|
14380
|
|
rise and fall
|
130
|
95
|
325
|
280
|
305
|
1755
|
330
|
|
date
|
Previous period energy: NR futures (closing price)
|
|
NR main force
|
NR01
|
NR05
|
NR09
|
|
May 16
|
12220
|
12720
|
12790
|
12365
|
|
on May 15
|
12020
|
12440
|
11715
|
12160
|
|
rise and fall
|
200
|
280
|
1075
|
205
|
spot market
Supply:
Abroad: Thailand and Malaysia's raw materials maintain an upward trend.
China: China's raw materials are tight and prices are rising.
|
price type
|
on May 15
|
May 16
|
rise and fall
|
units
|
|
raw material prices
|
Thailand
|
glue
|
75.8
|
77
|
1.2
|
baht/kg
|
|
cup glue
|
56.35
|
56.65
|
0.3
|
baht/kg
|
|
Yunnan
|
Glue (into the dry glue factory)
|
13300
|
13400
|
100
|
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)
|
14500
|
14600
|
100
|
Yuan/ton
|
On the demand side: Due to the increase in shipping prices and tight containers, the number of foreign trade orders from semi-steel tire companies declined; the number of foreign trade orders from most all-steel tire companies remained stable, while a small number of other all-steel tire companies shrank due to the increase in shipping prices. In terms of the market, the demand for tire replacement at home and abroad has performed poorly. Recently, some tire companies have flexibly controlled production in order to reduce pressure.
Futures spot price list
|
price type
|
on May 15
|
May 16
|
rise and fall
|
units
|
|
price of finished products
|
Shandong
|
China All Latex
|
13633
|
13783
|
150
|
Yuan/ton
|
|
Qingdao
|
Thailand No. 20 standard glue
|
1650
|
1685
|
35
|
us dollars/ton
|
|
Qingdao
|
Thailand No. 20 mixed glue
|
13355
|
13440
|
85
|
Yuan/ton
|
|
Ningbo
|
Hainan
|
11550
|
11400
|
-150
|
Yuan/ton
|
|
Ningbo
|
Thailand Non-Yellow Bulk
|
12350
|
12400
|
50
|
Yuan/ton
|
|
the current price difference
|
Main force-Thailand No. 20 mixed glue
|
1075
|
1270
|
195
|
Yuan/ton
|
|
Main force-China All Latex
|
797
|
927
|
130
|
Yuan/ton
|
|
relevant exchange rate
|
us dollar against the RMB
|
7.2507
|
7.2317
|
-0.019
|
Yuan
|
|
Thai Baht to RMB
|
0.2051
|
0.2061
|
0.0010
|
Yuan
|
market outlook
The rubber tapping process in raw material production areas at home and abroad is slow, and the shortage of market supply is difficult to alleviate. The high raw material prices provide good support for rubber costs; today, China's natural rubber market prices are operating at high levels and fluctuating levels, and market inventories continue to be depleted; downstream tire companies are in The seasonal off-season, the atmosphere for purchasing rubber raw materials is dull, and the natural rubber market is expected to operate steadily in the short term.
