Shanghai rubber yesterday morning jumped to a higher open days to maintain the pattern of strong finishing positions point of view small increase in the top twenty seats, long and short, part of the short and more signs of profit taking.
Spot Thailand’s natural rubber market was up steady, Thailand 3 # smoke chip market quotation 3330-3360 U.S. dollars / ton, market quotations, Thai standard 20 # 3150-3160 U.S. dollars / ton. Shanghai Futures Exchange announced on 30 January of rubber inventory daily, 46,500 tons of natural rubber futures stock, an increase of 160 tons over the previous day.
Industries, the International Rubber Study Group ISRG report shows that the world’s natural rubber production increased by 3.2%, while natural rubber consumption decreased slightly by 1.1% in April 2012-Dec. Which significant decline in consumption in the United States and European countries, Japan and South Korea also fell, while natural rubber consumption in China continues to maintain a slow growth. ISRG forecast, the world’s natural rubber production and consumption in 2012 reached 11.41 million tons and 10.95 million tons, a supply surplus of 460,000 tons. Global natural rubber production and consumption in 2013 will reach 11.77 million tons and 11.59 million tons, a supply surplus of 179,000 tons.
As of January 29, the bonded area rubber overall inventory at 327,900 tons, representing an increase of 10,500 tons over in mid-January statistics. Standard plastic less 1200-175700 t smoke piece by 700-15300 tons by 13000-88300 tons adhesive, synthetic rubber by 2500-48600 tons.
Continue Shanghai rubber days by the macro side expects positive guide after Shanghai rubber be supported in the 25500 area, days to climb 26,000 upper rise driven by overall market Shanghai rubber fundamentals remain flat, 26,000 upper maintain stronger shocks pattern, concerned about the upper 26200 and two 26700 pressure on the price of performance. The early buy 9 throwing hedging operations may continue to hold 400 points, only the profit spread.
Operating on more than a single continue to hold, breaking 25900 stop.
Translated by Google Translator from http://news.cria.org.cn/4/12782.html
