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Wednesday, May 18, 2022

Import and export data weighed 15,000 points sharply Shanghai concern

1. Natural rubber futures

Dong Jingjiao decline continues today, the main contract 1409 closing 215.5 yen, down 5.6 yen the previous day’s turnover 10220 hands.

Shanghai continued to plunge, the benchmark contract had fallen below 15,000 points intraday, RU1409 contract opened 15,350, the lowest 14,970, up 15,420, closing 15,115, down 420 points over the previous day, the settlement in 15200. 1,020,040 transactions a day, hand positions increased by 6,344 lots to 305,462 hands.

2. Market valuation statistics

Product

April 9 Price

April 10 Price

Change

Price Change

Unit

Yunnan state full latex

14900

14700

-200

-1.34%

Yuan / ton

Thailand 3 # Yan Pianjiao

15400

15300

-100

-0.65%

Yuan / ton

Vietnam 3L glue

15400

15300

-100

-0.65%

Yuan / ton

Thailand 20 # standard rubber

1840

1810

-30

-1.63%

USD / ton

Thailand 20 # standard rubber compound

1840

1810

-30

-1.63%

USD / ton

Shanghai continuation of the trend sharply, the general decline in the spot market today. Currently the SME market purchases due to the impact of the frequency of orders slowed, and the decline in the number of purchases, the larger market delivery pressure, trading atmosphere is rather plain. In the short term, the market is still some decline in space.

3. In the rubber network pending, transaction prices

Trading floor

Product

Time

Pending order quantity (tons)

Price (yuan / ton)

Volume (tons)

Price (yuan / ton)

Yunnan

SCRWF / full latex

Morning

150

15320

Yunnan

SCRWF / full latex

Afternoon

Yunnan

SCR5 / 5 # standard plastic

Morning

Hainan

SCRWF / full latex

Morning

SCRWF / full latex

Afternoon

4. International natural rubber outer disk

Products (May / June shipment)

Today’s price ($ / ton)

Change ($ / ton)

Thailand 3 smoke RSS3

2210-2250

3 0-40

Thailand 20 standard rubber STR20

1880-1910

3 0-30

Thailand 20 standard plastic composite

1880-1910

3 0-30

Malay the 20th standard rubber SMR20

1870-1900

3 0-30

Malay 20 standard plastic composite

1870-1900

3 0-30

Indonesia 20 standard rubber SIR20

1790-1820

3 0-30

Vietnam 10 # standard rubber SVR10

1770-1800

6 0-60

Vietnam 3L glue SVR3L

2020-2050

20-20

    Roundup: Shanghai rubber futures continued Dong Jingjiao and sharply lower, while Thailand raw materials market continued to decline, external disk market decline continues, the decline in the mainstream today about 30 dollars.Domestic fixing relatively cautious, due to ample supply port and the impact of devaluation.

5. Natural rubber in the domestic market

Import and export trade data due March slower than expected, imports and exports both fell, affected by factors Shanghai continuation of the trend of sharp decline, and intraday trading below 15,000 points. Decline in the spot market following the futures market, the lack of buying interest in the plant, the more difficult to take the goods market, trading atmosphere dull. Yunnan state full latex heard reference pricing in 14800-14900 yuan / ton, Hainan state whole milk 14800-14900 yuan / ton; Yunnan standard two plastic reference pricing in 13,800 yuan / ton; Thailand 3 # smoke film offer in 15300 – between 15,800 yuan / ton, Vietnam 3L offer around 153200-15600 yuan / ton; imported bottled latex spot market reference price at 12200-12400 yuan / ton (17% of the votes).

Qingdao Free Trade Zone

Today’s price ($ / ton)

Change ($ / ton)

Thailand 3 # smoke film

 2120-2150

0-10

Thailand 20 # standard rubber

 1820-1830

20-20

Thailand 20 # standard rubber compound

 1820-1830

20-20

Indonesia 20 # standard rubber

 1790-1790

2 0-20

Malay 20 # standard rubber

 1820-1830

20-20

Malay 20 # standard rubber compound

 1820-1830

20-20

Roundup: Futures and external disk down by the impact of the decline in the region generally offer, or about 20 dollars. Currently RMB composite quotes about 12,800 yuan / ton, yesterday traded at 12,800 yuan / ton, Mattei U.S. standard rubber spot transactions $ 1,830 / ton. Some businesses near Hong Kong, Malaysia, Thailand and the spot has a standard rubber cover requirements. Factories buy carefully, discuss the general atmosphere.

6. Comprehensive analysis and forecast

News:

1, Premier Li Keqiang at the Boao Forum today said that despite the good economic foundation is not strong steady, downward pressure still exists, but it will not take the short-term economic fluctuations momentary strong stimulus, the government has the ability, keep the economy running at a reasonable confidence interval. In addition, he stressed that as long as full employment, economic growth is a little higher than the 7.5% or a little lower belong reasonable range.

2, China in March and export data significantly less than expected. Among them, exports fell 6.6%, the expected growth of 4.0%; imports fell 11.3 percent, the expected growth of 2.4%. March trade surplus of $ 7.71 billion, compared to $ 960 million trade deficit.

3, United States Chicago Fed President Charles Evans said Wednesday that the U.S. Federal Reserve (FOMC) may be purchased at the end of at least six months after the debt plan will not raise interest rates, and “only in the case of very strong economic growth,” it will do.

4, China’s central bank open market today through 28-day repurchase operations return of 44 billion yuan, by 14 days of a positive return of 70 billion yuan repo operations. China’s central bank injected a net open market this week, 55 billion yuan for the first time in nine weeks of net invested last week, 62 billion yuan of net return.

5, IMF says China’s financial problems have been serious enough to need to take more effective measures to control lending, even if it means sacrificing some economic growth. If China adopted this proposal, you need to pay attention to the risk of China’s economy is expected to be lowered.

As the import and export of large-than-expected in March, combined with Premier Li Keqiang said in a speech will not introduce a strong short-term stimulus, by the above factors Shanghai continuation of the decline and fell below 15,000 points intraday position, but eventually recovered to above 15,000 points. Peripheral perspective, stocks rebounded, while the Shanghai Composite Index also slightly upward, Shanghai trend there was a certain divergence. Tomorrow, March CPI and PPI domestic data released, may continue to have a negative repression, 15,000 points of support will be tested. From the pre-market situation, there will be recovered once fell below 15,000 points, the recent macroeconomic policies also face warm, but stop cutting the peripheral areas, there will be some domestic inventory digestion, or the existence of Shanghai support at 15,000 points, need further attention.

Translated by Google Translator from http://market.cria.org.cn/25/20178.html

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