Recently, market rumors the State Reserve Bureau will acquire about 2.5 million tons of natural rubber, but as of this writing, the rumors have not been confirmed by the State Reserve Bureau. Because downstream demand continued weakness with plastic, rubber industry status quo in the doldrums, the market short-term hopes on the State Reserve to prop up the market, purchasing and storage policy has only heard the sounds, but not its shadow “.
The market expect Shouchu boost a few days ago, an industry source told reporters that the State Reserve Bureau plans to the purchasing and storage of the message of natural rubber has been basically confirmed, purchasing and storage total of about 25,000 tons, including 12,000 tons of sea plastic Group, Sinochem International 0.2 million tons, and the rest from the futures inventory, purchasing and storage, there is news that the reserve price of 24,600 yuan / ton (including freight).
But yesterday, rubber futures has not soared, purchasing and storage rumors have been circulating in the market for many days. The industry believes that the current purchasing and storage rumors credibility is not high.
Brilliant Futures analyst Kang Li said, “purchasing and storage rumors have not formally introduced, or rubber prices go up early if the purchasing and storage make the trip, Jiaojia again upside 26,000 yuan mark.” The interim Shanghai analyst Chen Ruibi, national implementation of the purchasing and storage of natural rubber will not only temporarily improve the current situation of domestic natural rubber supply loose, also expected to enhance the enthusiasm of the trading in the spot market, so as to promote the spot prices.
However, purchasing and storage policy boost rubber market or limited.Future need to pay attention to the specific number of purchasing and storage price and purchasing and storage, you want to keep a copy of cautious optimism while. Limited policy measures in the context of global natural rubber supply loose only effective in the short term, the long-term is difficult to play a significant fueled.
Hongyuan Futures analyst Zhan Jianping, purchasing and storage of rubber is a short-term impact on the state of the economy, the relationship between supply and demand is the main factors of the long-term price impact rubber.Currently, the situation of the global economic downturn, natural rubber tapping area substantial increase, weak demand constraints, these factors will restrict the rubber medium-and long-term trend, rubber sharp rise in the foundation of the center line or hard.
Enterprises with plastic demand dropped overall, rubber downstream demand remains untold pick up, this is a key factor to limit rubber rebound.
Tire companies with shrinking amount of glue is the main reason for this year’s domestic natural rubber market supply and demand pattern in a relaxed state. “Boseong futures analyst Chen Dong,” Even the late the natural rubber Shouchu news was confirmed, but to balance the needs of weaknesses, is still difficult to achieve purpose of boosting Jiaojia. closing reserves of 25,000 tons to 200,000 tons Qingdao Free Trade Zone in terms of the natural rubber stock inventory, no doubt it is a drop in the bucket. “
Said Chen Dong, seasonal peak consumption season with the “Golden September and Silver October” coming to an end, the downstream tire enterprises raw materials procurement efforts and operating rates will slow the rate fell to 70% of the part of semi-steel tire manufacturer even has started, there is a significant fall compared with the peak of the. The combined EU tire labeling law in November will be formally executed more than 70% of the domestic tire companies are facing shrinking exports due to the lack of high-end products and the crisis. The tire industry was forced to re-shuffle the will Hujiao bring “labor pains”, Jiaojia facing down the risks.
Chen Ruibi also said that the current downstream tire enterprises with plastic demand sluggish. The EU will implement tire labeling regulations, the EU market accounted for approximately 20% of the proportion of the total export volume of China’s tire, which will undoubtedly suppress the tire market.
Translated by Google Translator from http://market.cria.org.cn/25/11094.html
