Shanghai rubber futures narrowed from 17 in early trading gains. 1105 contract opened the main 38,700 yuan / ton to close at 38,345 yuan / ton, up 305 on volume of 397,900 hand and hand positions to 241,734. Although the central bank to raise deposit reserve ratio again bad policy need to further market to digest, but the tight supply situation of natural rubber led to a strong defensive Hujiao, while the market for central banks to tighten liquidity have been expected. In addition, considering the role of strategic reserve of natural rubber and rubber producing district in the country park is difficult to achieve the State Reserve cut round of library needs, the State Reserve near future is unlikely to throw plastic. Therefore, the expected short-term Hujiao trend expected to continue to maintain the high side shock.
Recommended reading product was in the fifth wave form
· sugar fundamentals have reversed style change in the domestic price of copper on the market upward facing staggering gait more reasonable price of sugar by 2011 under 5800 yuan central PTA strongly supports the high profile Spring Run Copper & adjourned to see the million mark campaign Jingchuang: strong metal will be adjusted upward again [the domestic futures market] [position analysis system]
Tokyo Commodity Exchange (TOCOM) rubber futures market on Monday (January 17 days) rose to a record high in early trading, the dollar rose slightly against the yen, and the fundamentals for support. TOCOM rubber contract basis in June rose 5.4 yen to 459.8 yen per kg, dragging down the high point of 460.4 yen. Tokyo, a commodity economy, an analyst said:
spot rubber prices in Asia on Friday (January 14) rose as benchmark TOCOM rubber futures rose to record highs from the lows. Dealers said the market was active. Earlier today, Thailand, March shipment of RSS3 rubber price USD 5,470 per ton, FOB basis, the current prices rose. Small package of RSS3 rubber price USD 5,500 per ton, FOB basis, February delivery. February / March shipment Yan Pianjiao RSS3 Thailand reported 3 cents per kilogram, 545-550, 545-550 cents per kilo reported the previous day.
macro level, the Chinese central bank announced on Friday once again raise the RMB deposit reserve ratio by 0.5 percentage points, difficult to suppress the expansion of domestic credit, foreign exchange continued to increase (foreign capital inflows) in the context of Chinese inflation is still higher, further tightening of monetary policy would be more reasonable approach.
major domestic production of plastic zone at the cutting stopped, and in December 2010 China's natural rubber imports 18 million tons, up flat, difficult to increase imports, the domestic supply of natural rubber can not ease the tension; and the downstream side Some tire companies ahead of the Spring Festival holiday, corporate procurement has decreased. Overall, the domestic supply of natural rubber small traders, with the downstream collected with the use of actual market transactions is limited, but in the tight supply situation, Jiaojia have greater resilience.
No comments:
Post a Comment