According to media reports, the world’s largest natural rubber producing countries, Thailand said it would sell a lot of natural rubber stocks.Analysts pointed out that the move will affect the already oversupply in the domestic market, the downturn may make long rubber prices further down.
Data show that natural rubber early May quoted 14033.33 yuan / ton, representing a decrease of 7.35 percent in April, representing a decrease of 20.46%.
It is reported that the rubber is one of the largest species decline last year (2013), the downward pressure on domestic stocks mainly from higher prices, the global rubber industry downturn, domestic import volume increases and other factors. 2013 between the long-term profit rubber manufacturers in a vacuum, the phenomenon is not only a blow rubber farmers planting rubber trees enthusiasm, but also to the domestic sales of land reclamation enterprises was hard, while making a serious decline in corporate profits.
China’s largest listed companies involved in natural rubber Hainan Rubber (601118.SH) in the 2013 annual report released last month mentioned, in 2013 compared with the year mainly due to a substantial decline in corporate profits appear, compared to the same period last year as sales prices of natural rubber fell sharply.
For the afternoon, a brokerage analyst in Shanghai, said a good hard favorable factors, the Thai ship will further increase the degree of oversupply, natural rubber prices may fall further.
“The original rubber around May have a stop cutting period, the market will supply some impact on price formation support,” he said, “but now because of the Thai ship reasons, market supply will not decrease, but will increase the possibility of further decline in natural rubber prices so great. “
As of press time ago, Hujiao main contract RU1409 reported 14,345 yuan / ton, down 0.2%.
Currently, the two cities listed companies involved in natural rubber: Hainan Rubber (601118.SH) and Sinochem International (600500.SH).
Translated by Google Translator from http://market.cria.org.cn/25/20543.html
