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.