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[Natural Rubber]: Rubber Daily Journal (May 27)

151
May 27, 2024, 4:21 PM

Analysis of natural rubber market price on May 27

index

On May 27, the STR20 price index of natural rubber in the Qingdao market was US$1745/ton, down 5 or 0.29% 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 27

15020

14875

15120

14965

16140

16190

14965

May 24

14925

14915

15200

15025

16205

16265

15025

rise and fall

95

-40

-80

-60

-65

-75

-60

 

date

Previous period energy: NR futures (closing price)

NR main force

NR01

NR05

NR09

May 27

12665

12985

13180

12790

May 24

12700

12960

13150

12770

rise and fall

-35

25

30

20

 

spot market

Supply:

Foreign countries: There are frequent rainfall and weather overseas, and raw material output is low.

China: Yunnan and Hainan raw material markets maintained an upward trend.

price type

May 24

May 27

rise and fall

units

raw material prices

Thailand

glue

79.2

79.2

0

baht/kg

cup glue

59.45

60.65

1.2

baht/kg

Yunnan

Glue (into the dry glue factory)

13600

13700

100

Yuan/ton

rubber block

12000

12300

300

Yuan/ton

Hainan

Glue (into the dry glue factory)

13000

13000

0

Yuan/ton

Glue (Jinnong Dairy Factory)

15100

15600

500

Yuan/ton

 

Demand: The operating rate of semi-steel tire enterprises exceeded 80%, up 0.9 percentage points month-on-month and 3 percentage points year-on-year; the operating rate of all-steel tire enterprises was 66%, up 1 percentage point month-on-month and down 0.5 percentage points year-on-year. In terms of the market, overall shipments in the tire market are average, production and sales are slightly unbalanced, and market inventories maintain a rising trend.

Futures spot price list

price type

May 24

May 27

rise and fall

units

price of finished products

Shandong

China All Latex

14383

14333

-50

Yuan/ton

Qingdao

Thailand No. 20 standard glue

1750

1745

-5

us dollars/ton

Qingdao

Thailand No. 20 mixed glue

14080

14255

175

Yuan/ton

Ningbo

Hainan

11900

11900

0

Yuan/ton

Ningbo

Thailand Non-Yellow Bulk

12950

12950

0

Yuan/ton

the current price difference

Main force-Thailand No. 20 mixed glue

785

710

-75

Yuan/ton

Main force-China All Latex

482

632

150

Yuan/ton

relevant exchange rate

us dollar against the RMB

7.2642

7.2612

-0.003

Yuan

Thai Baht to RMB

0.2048

0.2049

0.0001

Yuan

 

market outlook

Affected by rainfall and weather at home and abroad, raw material output is insufficient, and the cost side maintains an upward trend, which supports rubber well; today, China's natural rubber market prices are falling and rising, and the spot supply of natural latex at ports is tight, mostly based on the price of ship and cargo offers.; The downstream tire industry is in a seasonal off-season. Most companies are not shipping well and are not enthusiastic about purchasing raw materials. The natural rubber market is expected to operate in a volatile manner in the short term.