[Stock market] spot, the Yunnan market natural rubber 15,200 yuan / ton, Thailand 3 # smoke film spot price 2320 U.S. dollars / ton; Thailand 20 # Compound $ 1,980 / ton, 20 # standard rubber Malay around 1960 U.S. dollars / ton ; Indonesia 20 # standard rubber spot price at $ 1,920 / ton, the spot price of natural rubber narrow trading range, Jin Koujiao tight supply, price is still strong.
[Analysis] Shanghai main contract post yesterday – on plastic main contract Spread $ 304.9 / t, Hujiao main contract – smoke spread sheet January -2467 cargo, plastic main contract – Thai rubber composite cargo Spread 1537 yuan / ton, HuJiao 09-01 contract spread -965 yuan / ton.
Market Analysis March HSBC China Manufacturing PMI final value of 48.0 hit 8-month low, reassert the weak domestic demand, China’s official manufacturing PMI in March compared with February rebounded 0.1, the highest level in three months, since last 11 the first increase since May. Two Chinese manufacturing PMI data gaps widen again, the HSBC PMI covers more and more affected by the economic slowdown affecting small businesses. The recent slowdown is one of the reasons behind the government’s anti-pollution action, shutting down many small steel and cement plants. Meanwhile, the increase in labor costs also makes many small businesses under pressure.January and February economic data to determine, China’s GDP growth in the first quarter fell by almost a foregone conclusion. Under the pressure of the background of the current economic downturn, the State Development and Reform Commission recently were released and steady growth signals across China have responded action policy is expected to stimulate the market more confidence. Commodities showed defensive posture.
As of March 20, the Japanese port of rubber stocks continued to rise to 22,443 tons, compared with 10 days prior to an increase of 1.8%. Recent tobacco sheet prices rose significantly, tense domestic situation in Thailand, smoke continued strong chip disk offer, on the other hand due to the external disk upside down, cross the reservoir to promote domestic stock recently fell Futures larger market more considered part of the old glue post After storage, clean up the old glue upcoming warehouse to make room for the new plastic.
Rubber gross positions before SHFE pay a total amount of 20 members who pay 85,923 hands, an increase over the previous session 4005 hands, 20 members in total who sold the previous day alone 112 732 3421 increased hand clearance positions 26,809 hands. The period of the warrants reduced 7,720 tons of rubber.
Overnight, U.S. March ISM manufacturing PMI53.7, less than the expected 54.0. Dollar, Copper narrow range, the market is expected U.S. crude inventories increased for the second consecutive 11 weeks, crude oil lower, the impact is neutral.
Translated by Google Translator from http://market.cria.org.cn/25/20067.html
