Shanghai rubber gains slowed continue to focus on resistance at 16000

1. Natural rubber futures

Dong Jingjiao a narrow range, the main contract 1408 closing 240.3 yen, down 0.2 yen the previous day’s turnover of 7456 hands.

Shanghai rally continues, but the increase is slower than the previous two days, the main contract opened RU1409 15815, 15610 minimum, maximum 15,860, closing 15,725, up 300 points over the previous day, the settlement in 15725. 666,038 transactions a day, hand positions increased to 221 886 3494 hand hand.

2. Market valuation statistics

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Shanghai rubber futures rose today continues the trend, but the increase has slowed down yesterday. Domestic full latex and smoked sheet reference 1405 contract offer mainly offer businesses today continue slightly upward. The U.S. plate rises relatively small portion of the sources quoted in the lower harbor. Recent continuous rise in demand has driven prices.

3. In the rubber network pending, transaction prices

4. International natural rubber outer disk

5. Natural rubber in the domestic market

Shanghai rally slowed over the previous two days, the major 1409 contract closed at 15,840 points. Spot, the market offer slightly higher prices on the market feedback consecutive trading has some effect, and the current tight supply of the few brands, some businesses have a margin call requirements. As of the morning, I heard a wholly state-owned Yunnan latex reference quoted in 15000-15300 yuan / ton, Hainan state whole milk 15000-15200 yuan / ton; Yunnan standard two plastic reference quoted in 14200-14300 yuan / ton; Thailand 3 # smoke film offer between 15500-15900 yuan / ton, Vietnam 3L offer at around 15200-15600 yuan / ton; imported bottled latex spot market reference price at 11800-12000 yuan / ton (17% of the votes).

6. Comprehensive analysis and forecast

News:

1, PIMCO report raised expectations of economic growth in Europe and America, said that Japan is the only major developed economies this year’s decline. Increased uncertainty due to China, is expected to grow 6.5% -7.5% this year, saying that “although still manageable, but China’s prospects for 2015 and subsequent global outlook has brought a growing downside risks..”

2, according to the National Bureau of Statistics, 2014 1-2 months, above-scale industrial added value increased by 8.6% real growth (the growth rate of added value are deducting price factors, the actual growth rate), the expected +9.5%, previous value + 9.7%. 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.

3,1-2 months total, the national fiscal revenue 2.4923 trillion yuan, 249.6 billion yuan more than last year, an increase of 11.1%; which: central fiscal revenue 1.1771 trillion yuan, an increase of 9.2% over the same period last year, import taxes dropped significantly, lower central fiscal revenue base (revenue last year over the same period increased by only 1.6%), excluding special factors, the central fiscal revenue growth of about 6%; local fiscal revenue (the class) 1.3152 trillion yuan, an increase of 12.9 %, net of business tax and enterprise income tax real estate and real estate transactions directly related to the deed, the land value-added tax increase, local fiscal revenue growth of about 9%.

4, the People’s Bank on the 13th interest rate tender launched 100 billion yuan of 28-day repurchase operations, the successful rate steady at 4.00 percent. Given the maturity of repo week total of 160 billion yuan, less Tuesday, Thursday’s 200 billion yuan of funds withdrawn from circulation, and ultimately the central bank to achieve a net return of 40 billion yuan.

Shanghai rally continues, but the increase has slowed, today’s main contract 1409 successfully broke through the 20 day moving average resistance. From a technical point of view form, need further attention above the 16,000-point resistance. The recent rise in Shanghai or driven from the capital side, the fundamentals of the spot market has not been a major change. Currently still in excess supply situation, and the 3-4 month supply more to Hong Kong will further bring to the supply pressure from the sharp rise in the futures market situation is not dramatic leading role spot, the spot market rose over the Futures rose relatively small market there is still some resistance to ship.

Translated by Google Translator from http://market.cria.org.cn/25/19682.html