Natural rubber: Shanghai will continue down the current interim limit

1. Natural rubber futures

Dong Jingjiao extended losses, continued to plunge, the main contract 1407 closing 217.4 yen, down 9.7 yen the previous day’s turnover of 9440 hands.

Shanghai plunged limit down yesterday, the main contract Powei 15,000 points, RU1405 contract opened 115,500, the lowest 14,805, up 15530, closing 14,805, down 780 points over the previous day, the settlement in 15005.253,844 transactions a day, hand positions increased to 195 632 2470 hand hand.

2. Market valuation statistics

Dong Jingjiao and Shanghai market slump, while Shanghai is the emergence of a rare limit. Face today Shanghai limit, the spot market by surprise, some businesses to whole milk reference slight premium offer 1403 contracts, while the factory turned to watch, limited enthusiasm of several market purchases, dull atmosphere of the spot market to discuss the follow-up look at the valuation remains There continue to fall in the space.

3. Rubber network pending, transaction prices

4. International natural rubber outer disk

5. Natural rubber in the domestic market

Net transfer some large banks to suspend real estate loans, trade finance and the recent steel again by the media attention, the market panic by more negative pressure today Shanghai limit is now rare, the major 1405 contract fell below 15,000 points to close at 14,805. The spot offer little spot providers prepare some deficiencies, referring to today’s full latex slight premium offer 1403 contracts, lack of buying interest factories. As of the morning, I heard a wholly state-owned Yunnan latex reference quoted in 14600-15000 yuan / ton, Hainan state whole milk 14,700 yuan / ton; Yunnan standard two plastic reference quoted in 14200-14300 yuan / ton; Thailand 3 # smoke film offer between 15000-15200 yuan / ton, Vietnam 3L offer at around 14500-14900 yuan / ton; imported bottled latex spot market reference price at 11500-11700 yuan / ton (17% of the votes).

6, comprehensive analysis and forecast

News:

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1, the Goldman Sachs economist David Mericle estimates, recent economic slowdown, more than half of the reason to blame for bad weather. He believes that the cold will cause a lower GDP growth of 0.5% in the quarter, so the second quarter economic growth will be the chain increased from 0.5 to 0.75 percent.

2, in response to the Fed’s new rules introduced this month in terms of capital and leverage ratio requirements, such as Deutsche Bank plans to reduce the size of a quarter of the U.S. branch of the assets, amounting to one hundred billion U.S. dollars. The bank said the move does not mean the CFO Deutsche Bank’s retreat, the United States remains an important market for the line.

3, network transmission Industrial Bank to stop real estate loans, and then gradually spread Bank of Communications, China Merchants Bank, CITIC Bank and Agricultural Bank has similar provisions and notifications.Suspend operations mainly comprise narrow caliber real estate supply chain finance business (such as steel, cement and construction), mezzanine financing (mainly equity financing walking a fine line of business) and real estate development loans, excluding land reserve loans and mortgage loans.

4, China’s central bank governor Zhou Xiaochuan while attending the Group of Twenty Finance Ministers and Central Bank Governors Meeting, said China’s “shadow banking” small overall size, but the recent rapid growth, being cautious response.

Shanghai limit today, the main contract 1405 Powei 15,000 points, while the decline in the suspension of loans from the bank and the rumors on the weak market. For now, it is difficult to stop cutting the periphery of an effective domestic market driven, the current FTZ inventory is full, the market continued to put pressure on the supply side; while the demand side, the plant will not have to face declining disk generous action, to maintain The model-based on-demand procurement, inventory will delay the effective digestion. In the face of market rumors, big city prices have come loose, the market fears exist. Shanghai may re-test the short-term support of 15,000 points, will likely continue to decline over the medium term, the market is generally expected in the vicinity of the bottom of 13500 points.

Translated by Google Translator from http://market.cria.org.cn/25/19331.html