trategic analysis
Sino-US economic recovery will continue to maintain steady growth, the euro-zone debt, political issues will continue to interfere with the operation of the market. The dollar continues to remain strong pattern, will to some extent affect the recovery in commodity prices.
March domestic natural rubber is cut open, the supply will increase slightly, the main producing areas in Southeast Asia is still in stop cutting period, the overall supply pressure. China’s natural rubber imports in January-February substantial increase in tire production increased significantly, tire manufacturers overall operating rate to remain high in the end of March.
Steel tire factory operating rate of more than 90% in general; semi-steel tire factory operating rate in more than 95%; arrival of the spring period, agricultural tires and light truck tires, bias tires varieties into the peak season demand, the factory operating rate raised to full load.Although poor automobile market in February, but the main Spring Festival of factors, expected future growth significantly.
International inventory levels are low, but domestic domestic inventories remain high price pressure. Affected by the decline in natural rubber futures prices, spot prices dip again, and traders do not want a sale, the turnover in the doldrums, the market waiting to see atmosphere pervades. The Qingdao Bonded Rubber inventory 358,300 tons, reaching the highest point in nearly three years.
Main points
1. The world’s natural rubber supply is slightly larger than the demand, the supply pressure is not
2. Natural rubber producing countries organize your inventory is low in recent years, high domestic stocks, suppress prices
3. China’s natural rubber imports a substantial increase in tire factory operating rate occupy a high demand picks up
4. Spot price at home and abroad in a nearly two-year low, the downside is limited
Translated by Google Translator from http://market.cria.org.cn/25/13992.html
