On Tuesday, rubber prices fluctuated slightly. On the spot side, today’s Shanghai spot market trading atmosphere is deserted. As factories have been on holiday, the actual buying atmosphere has weakened, and mainstream quotes have slightly adjusted. The reference price is as follows: 17 years of Yunxiang, Jinfeng full latex offer 12,450 yuan / ton, 18 years of Baodao, Guangken whole milk price of 12450-12500 yuan / ton, 18 years Yunxiang, Jinfeng full latex price of 12,500 yuan / ton. In 18 years, the reference price of Vietnam 3L was 12,500 yuan / ton, and the price of Thai RSS3 # tobacco chip was 14,750 yuan / ton. Data show that in December 2019, the output of generalized passenger cars was 2.144 million units, an increase of 1.1% year-on-year; the sales volume was 2.171 million units, a decrease of 3.6% year-on-year. From January to December, the cumulative production and sales of generalized passenger cars were 21,127,800 and 21,370,700, down 9.7% and 7.5% year-on-year. At present, less precipitation in Thailand is beneficial to tapping, but from the point of view of the continuous rebound of raw material prices, the amount of raw material released may be less than expected, plus the possibility of stopping cutting early, so the benefits of the cutting period may be advanced, and the callback is still waiting for opportunities before the Spring Festival. There are multiple orders. The market is still in the stage of accumulated inventory, but there is a hedge of shrinking imports. The accumulated storage pressure does not constitute a large selling pressure, and the futures basis is also trending smoothly. The demand side noticed that the shutdown of the downstream Spring Festival caused demand to decrease. Technically, the price of rubber has remained bullish for a long time. Operation recommendations, low positions can be held light.
Translated by Google Translator from http://www.cria.org.cn/newsdetail/52662.html