[Fundamentals]
1. Spot:
Qingdao Free Trade Zone, on the spot market, Thai, Malay adhesive RMB quoted at 22,400 yuan / ton. Thailand, Malay 20 # adhesive Price 3070-3080 U.S. dollars / ton, Thailand 3 # smoke piece spot reference price of 3280 U.S. dollars / ton, Thailand 20 # standard plastic Reference Price in the 3070-3080 U.S. dollars / ton, 20 # Indonesia standard rubber spot price in 3020 U.S. dollars / ton.
Comments: Hujiao (25865,330.00,1.29%) spot price continue Yindie market turnover in the doldrums.
2. 2012 economic growth data will be released on the 18th. “Economic Information Daily” reporters from national ministries, academic institutions, and research institutions integrated multi-forecast, 2012, China’s annual gross domestic product (GDP) may be an increase of about 7.7%. Economic growth pressure in view of the next period of time is still large, at the same time the country is more emphasis on the quality of growth is likely to continue in 2013 growth target at 7.5%.
Comments: The economic data released today, the market will have some impact, needs to pay close attention.
Market commentary
Yesterday, Hujiao slightly opened higher at 25560, the market opened shortly after hitting a high point of 25,660, followed by shock down late in the morning hit a low of 25,395, after midday market to pick up, rising to close at 25,585 days to lighten up 2 hands to 132,224 hand, the two days the lack of news guidelines intraday volatility decline.
[Operating strategy]
Middle market: spot prices remained strong, the market is still optimistic about seasonal adjustments in place will remain upward.
Short-term market: Jin Liangri Quotes showed a slight correction, a strong resistance in the process of decline, is expected near the end of the current round of callback preliminary short low TakeProfit profit bull dips positions.
Of arbitrage: Hujiao consolidation firm spot, Hujiao with the Thai price difference between 3598, Hujiao with smoked sheet spread of -26, waiting Jiancang plan.
Intertemporal arbitrage: Yesterday spread is 50, the recent to maintain consolidation, No opportunities.
Translated by Google Translator from http://news.cria.org.cn/4/12530.html
