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The domestic front, the rubber-producing areas of Hainan, Guangdong, Yunnan, stop cutting. Full latex rubber market this week traded 1,163 tons concentrated latex turnover of 756 tons, these two species are compared with the previous trading week, have a slight increase in full latex and concentrated latex volume. Domestic rubber spot market trading atmosphere in general, Qingdao Free Trade Zone imported glue inventory is still at a high level, the storage is extremely difficult.
Messages, the data is still available from stock trend easing, the Chinese Ministry of Finance cut rubber import tariffs, which will stimulate more rubber into China, Qingdao Free Trade Zone the rubber stock again climbing. As of December 17, the total inventory of Qingdao Free Trade Zone rubber 00900-291400 tons compared with the November 30. Natural rubber to reduce 04300-188700 tons; synthetic rubber to reduce 00400-44500 tons; adhesive 05600-58200 tons. As of December 20, the Shanghai Futures Exchange, natural rubber registered warehouse receipts are still at a high inflow trend, to 60,510 tons.
Hujiao aspects, Shanghai natural rubber futures overall out of the shock consolidation trend. This week the 1305 contract Hujiao relative to the last trading week, trading volume and open interest volume slightly reduced disk finishing the main shock, the lowest closing price of 24,895 yuan / ton, the highest closing price of 25,345 yuan / ton.
Other aspects of this week, the dollar index tumbled rebound cloth oil shock rise after the callback, the Dow Jones index fluctuated market mentality fair.
Overall, this week, the U.S. financial cliff resurgence, combined with natural rubber supply and demand interdependence, which dragged down Hujiao fell. Although recent Hujiao price rebound to some extent, but the dull spot market trading still not been effective in improving supply loose pattern still exists. Natural rubber face macro good, bad pattern of supply and demand, increase the differences between long and short. Taking into account the the U.S. fiscal cliff will surely coordination a result, coupled with Japan’s new prime minister, the Bank of Japan and the next session of the Japanese government to develop a level of 2.0% of the inflation target and to achieve this through unlimited amount of easing inflation target, macroeconomic advantages more obvious.
Therefore, the short-term domestic rubber prices are influenced by many factors, natural rubber trend may be a pattern of stronger shocks.
(This article represents only personal point of view, does not constitute investment advice so investment behavior at your own risk.)
Source: Translated by Google Translator from http://market.cria.org.cn/25/12112.html
