[Natural Rubber]: Rubber Daily Journal (May 17)
11,029 
May 17, 2024, 5:17 PM Analysis of natural rubber market price on May 17
index
On May 17, the STR20 price index of natural rubber in the Qingdao market was US$1685/ton.
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 17 |
14700 |
14620 |
14735 |
14685 |
15755 |
15790 |
14685 |
|
May 16 |
14440 |
14390 |
14780 |
14710 |
15780 |
15830 |
14710 |
|
rise and fall |
260 |
230 |
-45 |
-25 |
-25 |
-40 |
-25 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
May 17 |
12215 |
12670 |
12815 |
12350 |
|
May 16 |
12220 |
12720 |
12790 |
12365 |
|
rise and fall |
-5 |
-50 |
25 |
-15 |
spot market
Supply:
Abroad: The weather in Thailand is gradually improving, but the growth rate of raw material output is unlikely to increase in the short term.
China: Raw material prices in Yunnan and Hainan remained stable today.
|
price type |
May 16 |
May 17 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
77 |
77.5 |
0.5 |
baht/kg |
|
cup glue |
56.65 |
56.85 |
0.2 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
13400 |
13400 |
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) |
14600 |
14600 |
0 |
Yuan/ton |
||
Demand: The capacity utilization rate of semi-steel tire enterprises this week was close to 80%, a slight increase from last week, up 2 percentage points year-on-year; the capacity utilization rate of all-steel tire enterprises this week was 6 points, up 13 percentage points month-on-month, down 2 percentage points year-on-year. 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 |
May 16 |
May 17 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13783 |
13933 |
150 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1685 |
1685 |
0 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13440 |
13645 |
205 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11400 |
11400 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12400 |
12450 |
50 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1270 |
1040 |
-230 |
Yuan/ton |
|
|
Main force-China All Latex |
927 |
752 |
-175 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2317 |
7.2451 |
0.0134 |
Yuan |
|
|
Thai Baht to RMB |
0.2061 |
0.2066 |
0.0005 |
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. Raw material prices are running at high levels, which provides good support for rubber costs. Today, China's natural rubber market prices are rising, social market inventories continue to be eliminated, and the overall decline is slow; Downstream tire companies are in the seasonal off-season, and the purchasing atmosphere of rubber raw materials is flat. It is expected that the natural rubber market will operate steadily in the short term.