TOCOM rubber on Wednesday (January 30) in early trading, up more than 1% to make up for the previous day decline, helped by the yen or the continuing weakness of the expected support. TOCOM rubber July contract at 316.4 yen / kg, fell 0.7 yen / kg the previous day. Traders said the weaker yen boosted TOCOM rubber hit a nine-month high of 321 yen / kg; January 11, the trend of the yen to become the main factor to affect investor sentiment in the market due to the current lack of specific market signals . Stage tend to weaken the pressure on the stock, macroeconomic expected to good background Hujiao still have the potential to move higher in the first quarter, but the height should not be overly optimistic. Operating strategy, appropriate to choose the right opportunity to do more in the adjustment process.
ISRG reports of the International Rubber Study Group, the world’s natural rubber production increased by 3.2%, while natural rubber consumption decreased slightly by 1.1% in April 2012-Dec. Which significant decline in consumption in the United States and European countries, Japan and South Korea also fell, while natural rubber consumption in China continues to maintain a slow growth. ISRG forecast, the world’s natural rubber production and consumption in 2012 reached 11.41 million tons and 10.95 million tons, a supply surplus of 460,000 tons. Global natural rubber production and consumption in 2013 will reach 11.77 million tons and 11.59 million tons, a supply surplus of 179,000 tons.
Although the domestic rubber incremental supply is at a standstill, but producing areas of Southeast Asia overall stopping cutting time slightly later than the same period in previous years, the pressure of imported glue supply growth is still no cut. Of natural rubber market imports increased by more than 700,000 tons in 2012, which adhesive growth of more than 45 million tons, a year-on-year growth rate of over 50%. Such a large-scale imports of incremental, makes a major importer of natural rubber natural rubber stocks in Qingdao Free Trade Zone is a long time in a state of growth. Qingdao bonded warehouse rubber stocks totaled exceeded 31 million tons as of Jan. 15, compared with an increase of about 3.4 million tons in mid-November 2012, the amount of adhesive inventory growth close to 3 million tons. Therefore, the imported glue a large influx of demand for the domestic terminal will be a major test.
Transverse contrast, only from the price patterns, we can easily see Dong Jingjiao rises significantly above Hujiao or on Hujiao and Dong Jingjiao do. Japanese rubber imports translated under the conditions do not calculate import duties January Hujiao price CIF Spread, and Dong Jingjiao imports, has been maintained at a trading range of 200-1000 yuan / ton, and Hujiao Price higher than the Dong Jingjiao imports CIF. Therefore, the relative strength of Dong Jingjiao current main beneficiaries of exchange rate depreciation of the yen, rather than to promote the relationship between supply and demand.
Translated by Google Translator from http://news.cria.org.cn/4/12769.html
