[Fundamentals]
1, Spot market: Qingdao Free Trade Zone, on the spot market in Thailand, Malaysia adhesive RMB offer much, heard at around 13,500 yuan / ton, Malaysia and Thailand on the 20th standard rubber composites offer $ 1910-1930 / ton of quotes, heard Thailand on the 3rd spot smoke quoted around $ 2200-2220 piece / ton; No. Thailand, Malaysia 20 standard rubber spot price of U.S. $ 1910-1930 / ton; Indonesia 20 standard rubber spot price at $ 1,850 / ton. Cargo price at around $ 1990-2000 / ton, rose slightly today offer maintain, Real Simple talk.
2,2014 1-2 months, above-scale industrial added value increased by 8.6% real growth (the growth rate were to increase the value of real growth after deducting price factors), expected +9.5% +9.7% the previous value. Year on year growth significantly lower than expected, the highest since August 2009 low. Seen from the chain, an increase of 0.61% in February over the previous month. China Jan-Feb 816.2 billion kwh electricity generation increased by 5.5% year on year, the highest since May 2013 low.
All significantly lower than expected economic data, GDP and industrial speed corresponding rate should be lower than 7.5%, severe open, real estate and export is not busy cooling is the main reason.
3, China’s National Bureau of Statistics data released today show that China January-February urban fixed asset investment grew by 17.9%, an increase of 1.33% from the previous month, less than the expected 19.4%, and 19.6% are not last year’s. National real estate development investment rose by 19.3% nominal growth, the growth rate down 0.5% compared to last year.
2014 1-2 months, investment in fixed assets (excluding farmers) 3.0283 trillion yuan, representing a nominal increase of 17.9%. Growth of 1.33% from the chain, Feb. investment in fixed assets (excluding rural households).
1-2 months, the national real estate investment 795.6 billion yuan, up by 19.3% nominal growth, the growth rate down 0.5 percentage points higher than last year. Among them, the residential investment 542.6 billion yuan, an increase of 18.4%, the growth rate down 1 percentage point. Accounting for real estate development and investment in residential investment accounted for 68.2 percent.
4, the U.S. Commerce Department data showed U.S. February retail sales rose 0.3%, slightly wounded three sequential growth, far better than the ring January data were down 0.6%. February core retail sales rose 0.3%.
5, Thai Rubber-Based Industry Club3 April 12, said rubber production is expected to remain steady this year, due to tapping new areas to offset the cuts caused by drought. The association chairman Boonharn Ou-Udomying held in Bangkok, said in an interview, due to continued drought longer than in the past, production is estimated at 400 million tons. Domestic demand including tire manufacturers and manufacturers, including gloves, or an increase of 10% to 550,000 tons.
He said that this year the price of Thai rubber sheet material is 60-70 baht per kilogram. With new rubber rubber trees mature regions, the country’s rubber production in the next four years or a substantial increase of 30%.
It is reported that the Thai rubber plantation area of 3.04 million hectares of the total area, the tapping area of 2,000,000 hectares.
[Market Commentary]
Yesterday, HuJiao opened at 15815, after opening with a small correction based, closed before hitting a low of 15,610, followed by the continuation of consolidation, has been pulled up near the close, the high point of the red to 15860, 15840 to close at highs, days Zengcang 3494 lots to 221,866 hands.
[Operation Strategy]
HuJiao rose sharply after two consecutive days, and the prices at a high level consolidation to repair the recent rally, now, the market’s recent emotional catharsis after the early short, it seems that turning to the bullish factors available for speculation, such as El Niño and Sea glue potential buyers in the futures market exchange reserves of the action, but these are the future of the expected response in the short term does not change the fundamentals of excess supply of natural rubber pattern, it is expected to rebound in the short term will be subject to certain of repression, the top concern pressure level, the operation, if the callback, the bulls still wet storage layout in the long term.
Translated by Google Translator from http://market.cria.org.cn/25/19695.html
