Tokyo Commodity Exchange (TOCOM) rubber futures fell 0.7 percent on Friday, market sentiment cautious before the weekend, but prices are still at the top of 200 yen per kilogram key support level, which made early this week, the market is still worried about a significant decline in investment were relieved. The benchmark October contract fell 1.4 yen to 202.2 yen per kilogram, from an intraday low of 201.1 yen.
Japan Rubber Association data released Friday showed, as of April 10 raw rubber stocks in Japan decreased by 0.2% to 22,017 tons. Vietnam National Bureau of Statistics preliminary data released Friday showed that the country in April this year, exports of rubber material was 45,000 tons, down 15%. 1-4 months, Yunnan exported 196,000 tons of rubber material for the number a year earlier, a decrease of 15%. March exports of the country shipped 45,000 tons of rubber, the same as with the previous estimates.April 2013, the country’s rubber export volume is 43,000 tons.
Shanghai rubber futures on the 25th day volatility, closing low, the major 1409 contract closed at 14,005 yuan / ton, down 85 yuan / ton. For rubber stocks are still big problems, do not digest the old glue, glue in turn form a new stock, no signs of improvement on the fundamentals. From a technical point of view, the current price in the short pattern, continue to hold short, low-chasing empty cautious.
The overall market price of natural rubber in Shanghai steady, traders offer much, watching the market sentiment strong. Currently quoted as follows: 2013 Hainan state full latex reported about 13,700 yuan / ton, in 2013 the state-owned Yunnan reported 13,700 full latex yuan / ton; Vietnam 3L glue 17 tax reported 14500-14600 yuan / ton.
Translated by Google Translator from http://news.cria.org.cn/4/20451.html
