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Wednesday, December 8, 2021

Lack of confidence in the market, Shanghai rubber fell again

The Thursday Hujiao continue to sell, stock market slump dragged down commodities, the eve of the major central banks Yee Lee, the lack of market confidence, and Hujiao fell below 24,000. Main contract Hujiao closing 23 920 1309, than the previous day’s settlement price fell 270 points, with a total turnover of 311,894 hand, the total open interest of 189,926 hand Masukura 6888 hands.

Fundamental analysis

1, state-owned Hainan full latex reported 23,800 yuan / ton, the wide cultivated the brand Hainan SCRWF reported 23,200 yuan / ton, Hainan private SCR5 # reported 21,700 yuan / ton; the Yunnan state standard two reported 21,500 yuan / ton, Yunnan private labeled two reported 21,400 yuan / ton.Horse standard 20 # compound reported 21,400 yuan / ton, the Thai standard 20 # compound reported 21,400 yuan / ton; Thailand # 3 the smoke-chip 17 tax reported 23,700 yuan / ton; Vietnam 3L glue 17 tax reported 22,700 yuan / ton, 13 tax reported 22200 yuan / ton.

, The Shanghai Futures Exchange announced on March 8 rubber inventory Daily: natural rubber futures Inventory 52,750 tons, an increase of 750 tons more than the previous day.

As of February 27, the total inventory of Qingdao Free Trade Zone rubber breakthrough history, Jan. 31, 27000-354900 tons of natural rubber in 204,330 tons of synthetic rubber in 50,870 tons, compound rubber in 99,740 tons . The bonded rubber spot a library relatively deserted.

3,1 China natural rubber (contains original glue and adhesive) imports amounted to 386,300 tons, a year-on-year increase of 188,300 tons or 95.1%, up by 31,700 tons or 8.9%, the single-month record high imports. Which latex imports of 47,700 tons, 40,900 tons of sheet tobacco, 160,500 tons of standard plastic adhesive to 135,200 tons.

4,2012 Chinese tire production is relatively stable, the total annual production of 892 million tires a year-on-year increase of 4.2%. Among them, the radial tire 461 million, a year-on-year increase of 11.4%. Sub-regional perspective, China’s tire production is mainly concentrated in the eastern coastal Shandong, Jiangsu, Zhejiang provinces production of 591 million, accounting for 66% of the total.

5, China’s total annual production of automotive 19,271,800, an increase of 4.6%, sales of automotive 19,306,400, an increase of 4.3%, and sales year-on-year growth rate increased 3.8 percentage points and 1.8 percentage points respectively compared to 2011. Where passenger car sales 15,523,700 and 15,495,200, an increase of 7.2% and 7.1%, respectively, year-on-year; commercial vehicle sales of 3,748,100, and 3,811,200, a decrease of 4.7% and 5.5%, respectively, year on year.

6, ANRPC latest monthly report showed that natural rubber production in 2012: Malaysia 92 million tons, down 7.6%; India 910,000 tons, an increase of 1.7%; China 795,000 tons, an increase of 9.4%; Sri Lanka 15 million tons, a year-on-year a decrease of 4.4%. In addition, the Philippines, 110,000 tons, Cambodia, 60,000 tons.

Technical Analysis and Expectation

The data released by the U.S. Department of Labor (Labor Department) Thursday, March 2 when the number of claims for unemployment benefits dropped to 34.0 million, showing the U.S. labor market continued to improve.The data show that the United States March 2, when 34.0 million claims for unemployment benefits, it is expected that 35.5 million people, before the value of correction of 34.7 million people, the initial value of 34.4 million. 21:30 GMT Friday, the United States will be released seasonally adjusted non-farm employment and the unemployment rate in February, is expected to be February nonfarm employment population increases will slightly expand, unemployment or maintain value unchanged.

Fed to consider quantitative easing project a substantial adjustment, automatic spending cuts start, the dollar is on the strong side, the price of industrial homeopathic fall, coupled with poor economic data in the euro area, increased adjustment pressure. Italian parliamentary elections stalled, hedge funds influx of dollars, commodities continue to adjust.Domestic Yunnan area to be cut open in late March, Hainan producing cut open in early April. 24000 near the low finishing Hujiao slump eased to, continuation seasonal vulnerable, the midline should temper short-selling strategies.

Translated by Google Translator from http://news.cria.org.cn/4/13265.html

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