[Natural Rubber]: Rubber Daily Journal (May 21)
3,599 
May 21, 2024, 5:00 PM Analysis of natural rubber market price on May 21
index
On May 21, the STR20 price index of natural rubber in the Qingdao market was US$1695/ton, down 5 or 0.3% 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 21 |
14815 |
14715 |
15045 |
14725 |
15855 |
15920 |
14725 |
|
May 20 |
14685 |
14575 |
14930 |
14865 |
15955 |
15970 |
14865 |
|
rise and fall |
130 |
140 |
115 |
-140 |
-100 |
-50 |
-140 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
May 21 |
12290 |
12635 |
12960 |
12390 |
|
May 20 |
12335 |
12685 |
12815 |
12440 |
|
rise and fall |
-45 |
-50 |
145 |
-50 |
spot market
Supply:
Foreign countries: Raw material market prices in Thailand and Malaysia remain high and upward.
China: The prices of raw materials for making whole milk, concentrated latex and rubber blocks in Yunnan have increased by more than 1,000 yuan from the end of last month.
|
price type |
May 20 |
May 21 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
78.2 |
78.5 |
0.3 |
baht/kg |
|
cup glue |
57.85 |
58.3 |
0.45 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
13500 |
13500 |
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 |
14900 |
300 |
Yuan/ton |
||
On the demand side, the starting load of semi-steel tire enterprises is high, domestic shipments are not smooth, and finished product inventory maintains growth; the starting load of all-steel tire enterprises is less than 70%. Due to poor shipments, enterprises are flexibly controlling production to reduce pressure. In terms of the market, the logistics and transportation industry has more vehicles and less work, market competition pressure is high, demand for tire replacement is insufficient, and the market transaction atmosphere is cold.
Futures spot price list
|
price type |
May 20 |
May 21 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
14083 |
14083 |
0 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1700 |
1695 |
-5 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13655 |
13780 |
125 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11400 |
11500 |
100 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12550 |
12850 |
300 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1210 |
945 |
-265 |
Yuan/ton |
|
|
Main force-China All Latex |
782 |
642 |
-140 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2472 |
7.2582 |
0.011 |
Yuan |
|
|
Thai Baht to RMB |
0.2074 |
0.207 |
-0.0004 |
Yuan |
||
market outlook
The output of raw materials at home and abroad is insufficient, and market prices are operating at high levels, which has strong support for rubber costs; today, prices in China's natural rubber market are stable and rising, and transactions in the spot market are weak; downstream tires are highly resistant to high-priced rubber raw materials, and traders are limited in their willingness to receive goods. Enquiries are relatively cold, and the natural rubber market is expected to consolidate in the short term.