Sluggish performance overall commodity markets today, the concern is that rubber futures affected by negative factors such as yield Vietnam, futures prices fell below 14,000 yuan / ton, the highest five-year low.
Natural rubber spot market
Last week, quoted in RMB natural rubber shock consolidation, the overall closed last week fell within a narrow range, despite the new plastic pressure listed yet released, but industry mentality strong bearish market sentiment is weak trading, futures traders refer to the offer price, intention to hinder the spread of buyers and sellers transactions; imported glue, the tight supply in east China, offer small, new rubber price remained firm.
Synthetic rubber spot market
Butadiene rubber: synthetic rubber market sentiment slightly stalemate last week, the market traded many of them upside down phenomenon, weak buying; synthetic latex factory multi-use with the mining, just need to maintain overall market turnover is relatively stable, no big purchases.Although Sinopec East butadiene prices were slightly raised, then a limited impact on the market. Import supply side, due to the current market price significantly lower than the domestic price of imported goods, the industry on imported sources of intent to purchase limited, rarely heard last week turnover. In a continuation of the overall market supply ample and no significant good news boost, butadiene market is expected to remain weak fear. SBR: multi-country supply is not well-off, while the demand side, poor performance, leading to a lack of market direction for the time being deadlocked finishing. Learn from the market, the recent rosin SBR slightly better than oil-filled SBR, in addition to the local market upside down deal, most flat or slightly increase the opening price of 100-200 yuan / ton, while the oil-filled SBR slight increase space. Is expected this week, styrene-butadiene market remains bearish tendency to run, but continued to weaken space is relatively limited, and the prices may be more narrow-tune runs.
Expectation
Despite the macro policy side still faces many uncertainties, but some agribusiness bank RRR news weighed on short-term prospective nationwide may drop in the short-term macroeconomic backdrop difficult further bullish factors, due to further deterioration in fundamentals: domestic the main producing areas of large-scale natural rubber gradual resumption of production, the period picked up again and Bonded warehouse stocks continued to rise, so the trend of falling again HuJiao conditions have been gradually have. Continue to hold an empty one proposal, the interim period is expected to reach 13,500 yuan price / ton.
Translated by Google Translator from http://market.cria.org.cn/25/20350.html
