< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

[Natural Rubber]: Rubber Daily Journal (April 10)

84,476
April 10, 2024, 4:49 PM

Analysis of natural rubber market price on April 10

index

On April 10, the STR20 price index of natural rubber in the Qingdao market was US$1690/ton, down 10 or 0.6% 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

April 10

15130

15005

15190

15070

16205

14805

15070

April 9

14860

14835

15185

15140

16305

14865

15140

rise and fall

270

170

5

-70

-100

-60

-70

 

date

Previous period energy: NR futures (closing price)

NR main force

NR01

NR05

NR09

April 10

12285

12860

12120

12540

April 9

12380

12955

12205

12615

rise and fall

-95

-95

-85

-75

 

spot market

Supply:

Foreign countries: Thailand's raw material prices have stabilized and moved slightly, and the overall situation is high.

China: Raw material prices in Yunnan have increased, while raw material prices in Hainan have increased significantly from February.

price type

April 9

April 10

rise and fall

units

raw material prices

Thailand

glue

75

74.5

-0.5

baht/kg

cup glue

55.3

55.55

0.25

baht/kg

Yunnan

Glue (into the dry glue factory)

12800

12800

0

Yuan/ton

rubber block

10900

11300

400

Yuan/ton

Hainan

Glue (into the dry glue factory)

0

14000

14000

Yuan/ton

Glue (Jinnong Dairy Factory)

0

14500

14500

Yuan/ton

 

On the demand side: Semi-steel tyre enterprises started operations and maintained high levels. The prices of most enterprises increased smoothly, and a small number of enterprises had follow-up plans; the overall shipping pressure of all steel tyre enterprises was high, and their inventories increased significantly compared with the previous month. After the increase in April, the implementation of the new price policy was relatively slow. In terms of the market, demand in the terminal market is relatively flat, the tire market has sufficient inventory, and merchants mainly digest inventory.

Futures spot price list

price type

April 9

April 10

rise and fall

units

price of finished products

Shandong

China All Latex

13983

14183

200

Yuan/ton

Qingdao

Thailand No. 20 standard glue

1700

1690

-10

us dollars/ton

Qingdao

Thailand No. 20 mixed glue

13800

13750

-50

Yuan/ton

Ningbo

Hainan

11400

11400

0

Yuan/ton

Ningbo

Thailand Non-Yellow Bulk

12400

12300

-100

Yuan/ton

the current price difference

Main force-Thailand No. 20 mixed glue

1340

1320

-20

Yuan/ton

Main force-China All Latex

1157

887

-270

Yuan/ton

relevant exchange rate

us dollar against the RMB

7.2512

7.2462

-0.005

Yuan

Thai Baht to RMB

0.2012

0.2033

0.0021

Yuan

 

market outlook

Thailand's raw material prices are operating at high and volatile levels, providing strong support for rubber costs; China's Yunnan and Hainan produce less raw materials, and spot prices are high; today, China's natural rubber market prices are falling and rising, and enterprises 'production and sales are basically balanced; the downstream tire industry has accumulated stocks. Serious, poor sentiment about raw material procurement, and a strong negative atmosphere on the demand side. It is expected that the natural rubber market will operate weakly in the short term.