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Analysis of natural rubber market price on May 20
index
On May 20, the STR20 price index of natural rubber in the Qingdao market was US$1700/ton, up 20 or 1.2% from the previous working day.
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 20 |
14685 |
14575 |
14930 |
14865 |
15955 |
15970 |
14865 |
|
May 17 |
14700 |
14620 |
14735 |
14685 |
15755 |
15790 |
14685 |
|
rise and fall |
-15 |
-45 |
195 |
180 |
200 |
180 |
180 |
|
date |
Previous period energy: NR futures (closing price) |
|||
|
NR main force |
NR01 |
NR05 |
NR09 |
|
|
May 20 |
12335 |
12685 |
12815 |
12440 |
|
May 17 |
12215 |
12670 |
12815 |
12350 |
|
rise and fall |
120 |
15 |
0 |
90 |
spot market
Supply:
Abroad: Overseas raw material production areas such as Thailand and Vietnam are seriously affected by the weather, and the progress of rubber tapping is slow.
China: Yunnan still has dry weather, Hainan has a small amount of rainfall, and raw material output is low.
|
price type |
May 17 |
May 20 |
rise and fall |
units |
||
|
raw material prices |
Thailand |
glue |
77.5 |
78.2 |
0.7 |
baht/kg |
|
cup glue |
56.85 |
57.85 |
1 |
baht/kg |
||
|
Yunnan |
Glue (into the dry glue factory) |
13400 |
13500 |
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) |
14600 |
14600 |
0 |
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, there is insufficient market demand for terminal replacement, and tire companies have gradually increased price reduction promotion policies.
Futures spot price list
|
price type |
May 17 |
May 20 |
rise and fall |
units |
||
|
price of finished products |
Shandong |
China All Latex |
13933 |
14083 |
150 |
Yuan/ton |
|
Qingdao |
Thailand No. 20 standard glue |
1680 |
1700 |
20 |
us dollars/ton |
|
|
Qingdao |
Thailand No. 20 mixed glue |
13645 |
13655 |
10 |
Yuan/ton |
|
|
Ningbo |
Hainan |
11400 |
11400 |
0 |
Yuan/ton |
|
|
Ningbo |
Thailand Non-Yellow Bulk |
12450 |
12550 |
100 |
Yuan/ton |
|
|
the current price difference |
Main force-Thailand No. 20 mixed glue |
1040 |
1210 |
170 |
Yuan/ton |
|
|
Main force-China All Latex |
752 |
782 |
30 |
Yuan/ton |
||
|
relevant exchange rate |
us dollar against the RMB |
7.2451 |
7.2472 |
0.0021 |
Yuan |
|
|
Thai Baht to RMB |
0.2066 |
0.2074 |
0.0008 |
Yuan |
||
market outlook
The output of overseas raw materials has dropped significantly compared with last year. The raw material market has been short of supply for a long time, and raw material prices have risen sharply compared with last year, which has strong support for rubber costs; today, prices in China's natural rubber market have risen widely, social inventories have declined slightly, and production and sales in the Qingdao market are high; Downstream tire companies are in a seasonal off-season and need insufficient support for rubber raw materials. The natural rubber market is expected to operate stably in the short term.
