Last week, Shanghai rubber futures pulled this week, the major 1409 contract opened 14,400 yuan / ton, up 15,880 yuan / ton, the lowest 14,375 yuan / ton, closing 15,740 yuan / ton, up 755 yuan / ton, or 5%. Rubber suit fell on Monday, but then two consecutive pull up sharply, falling between the big and the big play, rubber fundamentals subtle changes have occurred, there are turnaround possible. However, the recent decline on the action or have short-term concerns 15200-15400 region and the price difference.
January-February macro above-scale industrial added value increased by 8.6%, the median forecast of 9.5%. The same period the total retail sales of social consumer goods grew by 11.8%, investment in fixed assets (excluding rural households) grew 17.9%. U.S. Department of Labor on Friday (March 7) announced that the U.S. February non-farm payrolls increased by 175,000, an increase of 129,000 in January. 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%. After showing the U.S. economy began to pick up winter.
Data Association of Natural Rubber Producing Countries (ANRPC) released Sunday showed that in 2013 the world’s natural rubber production was 11.15 million tons. The association announced that the Vietnamese natural rubber production in 2014 is expected to reach 970,000 tons, an increase of 2.1% over the previous year. Chinese imports of natural rubber in 2014 is expected to reach 4.26 million tons, an increase of 10.7%. Association also announced, natural rubber production in Indonesia from January to February was 494,500 tons, representing an increase of 1.9% over the same period last year. Malaysian natural rubber production in January-February increased by 5.2% year on year, reaching 173,000 tons. The national annual production is estimated at 880,000 tons, an increase of 6.7%. Two months before this year’s natural rubber production in Thailand was 757,000 tons, an increase of 21%.
India Rubber Board said in a statement on Monday, the country’s rubber production in February decreased by 3.2% to 60,000 tonnes. The February consumption was 78,000 tons, 74,175 tons higher than the same period last year. The country in February 9,497 tons of rubber imported from the same period last year soared to 18,141 tons. From April last year to February this year, India’s rubber production was 783,000 tons, down 9%. Same period, imports rose to 298,877 tonnes a year earlier to 207,443 tons. While consumption fell slightly to 888,520 tons from 892,465 tons. Rubber Board also announced that as of the end of February, the Indian rubber stocks at 246,000 tonnes.
China Association of Automobile Manufacturers, China February car sales declined last month, showed a rapid growth year on year, of which sales grew 17.84% to 1,596,400. January-February car sales remain more than 10% growth in the first two months of sales increased 10.73 percent to 3,752,900; addition, vehicle production in February was 1,637,500.
Spot market, natural rubber market in Shanghai narrow finishing, still atmosphere of inquiry, the actual buying slightly cautious, now offer the following: Hainan, Yunnan state full latex reported 15100-15200 yuan / ton; Hainan state whole milk 14,200 yuan / t (12 years glue); Yunnan state standard two reported 14,200 yuan / ton; Yunnan private labeled two reported 14,000 yuan / ton, Hainan private SCR5 # reported 14,000 yuan / ton.Thailand 3 # smoke film 17 tax reported 15600-15700 yuan / ton; Vietnam 3L glue 17 tax reported 15200-15500 yuan / ton.
Translated by Google Translator from http://market.cria.org.cn/25/19699.html
