Domestically, Guangdong, Yunnan, Hainan rubber producing areas of basic still stop cutting. Last week in full latex rubber market traded 380 tons, with an average price of 14,321 / ton. Concentrated latex volume 1647 tons, with an average price of 10,610 / ton. Both the number of transactions compared with the previous species, the total volume increase. The spot market, the futures price rose to follow, but the real price increase is lower than a single transaction HuJiao. Prices have gone up due to excessive speed, and the current supply and demand fundamentals were not part of a larger change in the spot delivery pressure is greater.
News, People’s Bank of China announced on the 10th data show that China’s social financing scale in February 938.7 billion yuan, 131.8 billion yuan more than last year decrease. Which, RMB loans increased by 644.5 billion yuan, an increase of 24.5 billion yuan. Month of RMB deposits increased 1.99 trillion yuan, an increase of 1.22 trillion yuan. Among them, the household deposits increased by 89.1 billion yuan, non-financial corporate deposits increased by 973.6 billion yuan, fiscal deposits increased by 422.2 billion yuan.
HuJiao side, fell sharply on Monday HuJiao under the influence of ferrous metals fell and poor macroeconomic data and other factors, but rebounded sharply on Tuesday in a row Wednesday. India rubber futures increased demand and some short leave only the profit-driven price increases.
Other aspects, the dollar index declined this week, U.S. crude oil rose, the Dow fell.
Overall, the funds face tight factors triggered this round HuJiao down market stabilized signs of stabilization in the last week, due to the natural rubber producing areas in Yunnan, extreme weather, market fears will next year latex yield tremendous impact, Supply-side pressure to do more to boost market popularity slowing recovery. You can see Hujiao 1405 contract by the long line at eighteen thousand more tenacious resistance, the decline slowed to rubber prices rebound impetus.
Thus, a single pre-empty Hujiao 1405 contract should be underweight, can bargain more than a single participation, concern below 18,000 yuan / ton line support.
Translated by Google Translator from http://market.cria.org.cn/25/19836.html
