Shanghai rubber difficult was the fear of further decline in support prices

1. Natural rubber futures

Dong Jingjiao highs, continue to fall, the benchmark 1309 contract settlement price of the solar disk 266.9 yen / kg, compared with the previous trading settled down 7.1 yen / kg.

Highs Shanghai rubber continued to fall, the main RU1309 contract opened 22,050, minimum 21,425 and maximum 22,190, close to 21,460, down 565 points over the previous day, all-day turnover of 380,876 hand positions increased 12,110 lots to 154,694 lots.

2. Rubber net pending order, the transaction prices

Trading floor	Product	Pending order quantity (tons)	Pending order price ($ / ton)	Volume (tons)	Average transaction price ($ / ton)
Yunnan	SCRWF / latex (AM)	490	22216	–	–
Yunnan	SCRWF / latex (afternoon)	120	21600	–	–
Hainan	SCR5 / 5 # standard rubber (afternoon)	–	–	–	–
Hainan	SCRWF / latex (AM)	525	21740	–	–
Hainan	SCRWF / latex (afternoon)	640	21424	–	–

3. Natural rubber international outer disk

Products (4 / May shipment)	Today price (U.S. $ / ton)	Change ($ / ton)
Thailand’s No. 3 cigarette RSS3	2890-2920	40-40
Thailand 20 plastic STR20	2760-2780	80-80
Thailand on the 20th Composite standard plastic	2760-2780	80-80
The Malay the 20th standard rubber SMR20	2730-2750	70-70
Malay No. 20 composite standard plastic	2730-2750	70-70
Indonesia on the 20th standard rubber SIR20	2640-2670	4 0-30
Vietnam 10 # standard rubber SVR10	2660-2690	90-90
Of of 3L gum SVR3L in Vietnam	28 1 0-2840	50-50
Summary: Dong Jingjiao and Shanghai rubber futures plummeted by continued declines in external disk market today, in Thailand by the impact of the discontinued the glue supply more nervous, and the price is relatively high. However, buying interest in domestic factories in general, due to continuous price decline in the part of the factory orders, high finished goods inventory.

4. Natural rubber in the domestic market

The futures is continuous Zoudie, decline difficult to stop, affected the spot market continued the downward trend. Factories lack of buying interest, waiting for prices to stabilize, many on-demand procurement, the turnover of the firm offer discussion space. Business feedback, the downstream large single Nahuo much, and there is a phenomenon of lower prices, poor take the goods in the market. State-owned rubber, the the Yunnan state-run standard offer 21,800 yuan / ton, Hainan, the state-run rubber reported 21500-21600 yuan / ton, Hainan old glue quotations 21000-21200 yuan / ton; private gum aspects, understand Yunnan the domestic standard two plastic 19600-19700 yuan / ton; Vietnam 3L reported 21000-21200 yuan / ton; Thailand 3 # smoked sheet reference offer in 21400-21500 yuan / ton (17% of the votes).

Qingdao Free Trade Zone	Today price (U.S. $ / ton)	Change ($ / ton)
Thailand 3 # smoke piece	2850-2880	30-30
Thailand # 20 standard plastic	2680-2700	1 0-10
# 20 composite standard plastic in Thailand	2680-2700	1 0-10
The Indonesia 20 # standard plastic	2640-2650	2 0-20
The Malays 20 # standard plastic	2680-2700	1 0-10
The Malays 20 # composite standard plastic	2680-2700	1 0-10
Summary: Futures fell continuously District Nei Matai composite standard rubber reported 19500-20000 yuan / ton. Spot market, the intention is not high, businesses cheap shipping has dramatically below the cost line, heard the spot in the harbor of low-end offer of $ 2,650 / ton. Friday, Mattei price the stock traded in 2680-2700 U.S. dollars / ton. Downstream factories buying mood is not high, the market traded flat.

(Note: The domestic market price of more than offer morning, U.S. $ glue are afternoon quotes)

Comprehensive analysis and forecast

News:

1, the Bank of Japan is considering the launch of a new monetary easing program, the main contents of the two long-term bond-buying program as a move aimed at achieving the inflation target of 2%.

, Cyprus’s largest bank, Bank of Cyprus savers comprehensive restructuring of the bank will lose nearly 40% of the deposits, and the next few months there are these big savers may face greater losses.

3, the domestic front, the big cities have introduced five rules of the country, to curb real estate prices.

4, the main producing areas of southern Thailand have all stopped cutting fresh raw materials led to the price of glue is particularly tight. Weather Thailand rain less than normal, northeast and south of the main rubber producing areas are very dry. Lengthen the lead to stop cutting period.

5, weather, natural rubber main producing areas in South Sumatra, North Suman Sumatra, Xi Suman Sumatra has a small amount of rain in the near future. The number of the main producing areas of basic natural rubber raw materials has been a steady increase in the main producing areas of the Indonesian rubber will enter the high-yield period.

6, the supply of the domestic spot is still a surplus of a continuous decline in the futures market, the spot market with the fall, factory buying interest insufficient demand procurement mainly the market difficult Orders, digestive difficulties existing inventory.

Currently existing inventory to digest more slowly, the Free Trade Zone, the stock has been maintained at the level of 36 million tons, and futures stock presents a rising trend, the spot in order to avoid the risk of short futures. Factories, large-scale factory direct sourcing external cargo, while SMEs underemployment, and falling prices on the spot market kept a wait-and-see mood, demand getting goods mainly hard heavy volume traded.Although peripheral in Japan continue to expand quantitative easing as well as producing countries to limit exports of news, but if not global Stock digestion, then still Jiaojia the strong suppression. Mid-vulnerable Shanghai rubber die hard, and the need to focus on the next low.

Translated by Google Translator from http://market.cria.org.cn/25/13728.html