Highlights:
1, the spot price: Shanghai market 15 years as state-owned cloud of whole milk offer 15800-16000 yuan / ton (+400). Qingdao RMB adhesive, glue mixture 15,500 yuan / ton (+500), Vietnam 3L plastic offer 15,400 yuan mix / ton (+0), 15 years of 3 # smoke film 18,500 yuan / ton (+400). Free Trade Zone, tobacco sheet 16 in 2050 dollars / ton (+10), near Hong Kong and Thailand Standard 1840-1860 (+10), 12, 1, February cargo 1720-1760 (-0). Outer disk, RSS3 # at $ 2050-2080 / ton (+70), STR20 # at $ 1890-1900 / ton (+50). Hainan private plastic materials glue factory price 14.4-14.7 yuan / kg, Yunnan glue purchase price at 14.3-14.5 yuan / kg. Thai raw material price increases, raw film 63.21, up 2.03; smoked sheet 66.67, up 2.28; glue 56.50, unchanged; plastic cup 53.00, up 0.50. (Baht / kg)
2, spread structure: Full latex adhesive spread of RMB 400 yuan / ton. 1705 and 1701 spread 485 yuan / ton.
3, the stock: As of mid-November, Qingdao Bonded rubber stocks rebound, the total stock amounted to 90,900 tons, representing an increase of 07,700 tons at the end of 10, or 9.25%. Currently on the amount of warehouse receipts 300,000 tons, 146,560 tons warrants expire in November, while RU1611 contract expires on the 15th delivery volume 50,970 tons. On Monday of natural rubber futures warehouse receipts of 30.0 million tons, an increase of 60 tons. Among them, Shanghai increased 180 tons, Shandong reduced by 20 tons, 90 tons reduction Yunnan, Hainan and reduce 10 tons, unchanged from Tianjin.
4, car sales: October heavy truck sales 67 000 (+ 49% year on year, the chain +27%); January-October total sales of 560,000 (+ 23% YoY). October China’s automobile production and sales were 2.5863 million and 2.6499 million, up 17.63 percent and 18.65 percent, respectively. October auto sales last month, a slight increase of 1 – Car sales increase in October is also higher than the same period last year, but the growth rate is still far lower than expected, no surprises.
5, rubber production: Association of Natural Rubber Producing Countries (ANRPC) data show, ANRPC report shows that in October, natural rubber production rose 8.8% to 1.126 million tons, the first 10 months natural rubber production 9.072 million tons, an increase of 0.9% . Among them, China and Malaysia have declined; Thailand, Indonesia, Vietnam, India, Cambodia, there are different degrees of rise, while Cambodia is growing rapidly. In addition, from January to October, exports of natural rubber rose 0.8 percent to 7.489 million tons. Among them, the export growth led Vietnam, Cambodia, Thailand has also increased.
6, natural rubber import and export: According to Customs news October, China imported rubber (including natural rubber rubber, synthetic rubber) 45 million tons, an increase of 9.8%, a decline of 8.2%. As of October this year, total imports rubber China 452 million tons, an increase of 24.2%.
7, tire production and capacity utilization: In September, Chinese tire tire production 81,519,000, an increase of 5.1%, growth of 1.8%. 1 to 9 months, the national tire production 703,631,000, down 0.8%. October in Shandong steel tire tire companies average capacity utilization rate of 65.28 percent, 2.99 percentage point decline in the previous month started.
summary:
Hujiao opening to go, the overall spot prices of RMB 200-600 dollars / ton, the current situation due to the spot price to pull up too quickly resulting in spot market inquiry deserted, most businesses on the high acceptance is limited, the recent turnover is rare. Dollar cargo prices rose $ 40-120 / ton; Qingdao Bonded higher market price of $ 10-20 / tonne, with the rise slowed from the previous month.
Yesterday Hujiao opened higher, high profit taking more money. Raw material point of view on the current spread, glue price stability and smoked sheet, white sheet prices, smoked sheet raw material price premium than the glue more than 10 baht / kg, which will stimulate rubber, mainly smoked sheet production. Raw material prices stagflation NOTE Currently the supply side is no shortage of raw materials, tight supply situation has improved, so in the case of imported tobacco sheet window is already open, high Hujiao high risk chase, it is recommended to wait for a callback buying opportunity.
Source: Hongyuan Futures
Translated by Google Translator from http://market.cria.org.cn/20/35483.html
