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[Natural Rubber]: Rubber Daily Journal (April 23)

57,100
April 23, 2024, 4:39 PM

Analysis of natural rubber market price on April 23

index

On April 23, the STR20 price index of natural rubber in the Qingdao market was US$1620/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 23

14385

14260

14465

14280

15380

14060

14280

April 22

14550

14400

14700

14415

15515

14185

14415

rise and fall

-165

-140

-235

-135

-135

-125

-135

 

date

Previous period energy: NR futures (closing price)

NR main force

NR01

NR05

NR09

April 23

11635

12295

11450

11885

April 22

11765

12470

11580

12040

rise and fall

-130

-175

-130

-155

 

spot market

Supply:

Foreign: Thailand's raw material prices are fluctuating, and the prices of glue and cup glue have increased within a narrow range today.

China: China's raw material output is low, and Yunnan and Hainan have successively increased the number of areas to be opened.

price type

April 22

April 23

rise and fall

units

raw material prices

Thailand

glue

70.5

71

0.5

baht/kg

cup glue

54.35

54.85

0.5

baht/kg

Yunnan

Glue (into the dry glue factory)

13100

13200

100

Yuan/ton

rubber block

11700

11800

100

Yuan/ton

Hainan

Glue (into the dry glue factory)

14000

14000

0

Yuan/ton

Glue (Jinnong Dairy Factory)

15800

15800

0

Yuan/ton

 

On the demand side: Semi-steel tire enterprises started at a high level, some enterprises replaced molds, and the enterprise's capacity utilization rate fluctuated slightly; the overall shipment of the entire steel tire market was average, there were many accumulated enterprises 'inventories, and the overall production and sales were uneven. In terms of the market, some tires have been suspended for maintenance plans, and the operating rate of enterprises has dropped within a narrow range.

Futures spot price list

price type

April 22

April 23

rise and fall

units

price of finished products

Shandong

China All Latex

13733

13633

-100

Yuan/ton

Qingdao

Thailand No. 20 standard glue

1630

1620

-10

us dollars/ton

Qingdao

Thailand No. 20 mixed glue

13280

13180

-100

Yuan/ton

Ningbo

Hainan

11300

11300

0

Yuan/ton

Ningbo

Thailand Non-Yellow Bulk

12100

12100

0

Yuan/ton

the current price difference

Main force-Thailand No. 20 mixed glue

1135

1100

-35

Yuan/ton

Main force-China All Latex

682

647

-35

Yuan/ton

relevant exchange rate

us dollar against the RMB

7.2592

7.2627

0.0035

Yuan

Thai Baht to RMB

0.1999

0.1994

-0.0005

Yuan

 

market outlook

The downward adjustment in overseas raw material prices has weak support for rubber costs; China's Yunnan and Hainan production areas are in progress, the market supply is low, and raw materials are tight and prices are rising; today, China's natural rubber market prices maintain a downward trend, and natural latex port spot stocks are gradually digested; The downstream tire industry is more depressed about high-priced rubber raw materials, and the supply pressure in the natural rubber market is greater. It is expected that the natural rubber market will operate weakly in the short term.