Rubber is ups and downs
Time：2014-03-17 10:20:27 Page view (1093)
Shanghai rubber futures rose last week, the main 1409 contract opened at 14,400 yuan / ton, the highest 15,880 yuan / ton, the lowest 14,375 yuan / ton, closing 15,740 yuan / ton, up 755 yuan / ton or 5%. On Monday, the rubber fell with the wind, but then the two consecutive major increases, between the big and the big, the rubber fundamentals have undergone subtle changes, there may be a turning point. However, the recent action can be declining, and the short-term concern for the 15200-15400 regional and current price difference.
On the macro level, the added value of industrial enterprises above designated size increased by 8.6% year-on-year in January and February, with a median forecast of 9.5%. In the same period, total retail sales of consumer goods increased by 11.8% year-on-year, and fixed asset investment (excluding farmers) increased by 17.9%. The US Department of Labor announced on Friday (March 7) that the number of non-agricultural employment in the United States increased by 175,000 in February, an increase of 129,000 in January. According to data released by the US Department of Commerce, US retail sales in February increased by 0.3% quarter-on-quarter, the first quarter-on-quarter growth in three months, far better than the January data drop of 0.6%. It shows that the harsh winter of the US economy has begun to pick up.
According to data released by the Association of Natural Rubber Producing Countries (ANRPC) on Sunday, the global natural rubber production in 2013 was 11.15 million tons. The association announced that in 2014, Vietnam's natural rubber production is expected to reach 970,000 tons, an increase of 2.1% over the previous year. China's natural rubber imports in 2014 are expected to reach 4.26 million tons, an increase of 10.7%. The association also announced that Indonesia's natural rubber production in January-February was 494,500 tons, an increase of 1.9% over the same period last year. Malaysia's natural rubber production in January-February increased by 5.2% year-on-year to 173,000 tons. The country's annual production is expected to be 880,000 tons, an increase of 6.7%. Thailand's natural rubber production in the first two months of this year was 757,000 tons, an increase of 21% year-on-year.
The Indian Rubber Authority said in a statement on Monday that the country's rubber production in February fell 3.2% to 60,000 tons. The consumption in February was 78,000 tons, up from 74,175 tons in the same period last year. The country's rubber imports in February surged from 9,497 tons in the same period last year to 18,141 tons. From April last year to February this year, India's rubber production was 783,000 tons, down 9% year-on-year. At the same time, imports climbed to 298,877 tons, compared with 207,443 tons in the same period last year. The consumption dropped slightly from 892,465 tons to 888,520 tons. The Rubber Bureau also announced that as of the end of February, India's rubber stocks were 246,000 tons.
China Association of Automobile Manufacturers announced that China's auto production and sales in February decreased compared with the previous month, showing a rapid growth year-on-year, of which sales increased by 17.84% year-on-year to 1,596,400 units. In January and February, automobile production and sales increased by more than 10%. In the first two months, sales volume increased by 10.73% to 3,752,900 units. In addition, automobile production in February was 1,367,500 units.
In the spot market, the natural rubber market in Shanghai is narrowly arranged, and the inquiry atmosphere is acceptable. The actual buying is slightly cautious. The current quotation is as follows: Hainan, Yunnan state-owned full latex report 15100-15200 yuan / ton; Hainan state-owned milk 14200 yuan / Tonne (12 years of plastic); Yunnan State-owned standard two reported 14200 yuan / ton; Yunnan private standard two reported 14,000 yuan / ton, Hainan private SCR5 # reported 14,000 yuan / ton. Thailand 3 #烟片17 tax reported 15600-15700 yuan / ton; Vietnam 3L plastic 17 tax reported 15200-15500 yuan / ton.
On the macro level, the added value of industrial enterprises above designated size increased by 8.6% year-on-year in January and February, with a median forecast of 9.5%. In the same period, total retail sales of consumer goods increased by 11.8% year-on-year, and fixed asset investment (excluding farmers) increased by 17.9%. The US Department of Labor announced on Friday (March 7) that the number of non-agricultural employment in the United States increased by 175,000 in February, an increase of 129,000 in January. According to data released by the US Department of Commerce, US retail sales in February increased by 0.3% quarter-on-quarter, the first quarter-on-quarter growth in three months, far better than the January data drop of 0.6%. It shows that the harsh winter of the US economy has begun to pick up.
According to data released by the Association of Natural Rubber Producing Countries (ANRPC) on Sunday, the global natural rubber production in 2013 was 11.15 million tons. The association announced that in 2014, Vietnam's natural rubber production is expected to reach 970,000 tons, an increase of 2.1% over the previous year. China's natural rubber imports in 2014 are expected to reach 4.26 million tons, an increase of 10.7%. The association also announced that Indonesia's natural rubber production in January-February was 494,500 tons, an increase of 1.9% over the same period last year. Malaysia's natural rubber production in January-February increased by 5.2% year-on-year to 173,000 tons. The country's annual production is expected to be 880,000 tons, an increase of 6.7%. Thailand's natural rubber production in the first two months of this year was 757,000 tons, an increase of 21% year-on-year.
The Indian Rubber Authority said in a statement on Monday that the country's rubber production in February fell 3.2% to 60,000 tons. The consumption in February was 78,000 tons, up from 74,175 tons in the same period last year. The country's rubber imports in February surged from 9,497 tons in the same period last year to 18,141 tons. From April last year to February this year, India's rubber production was 783,000 tons, down 9% year-on-year. At the same time, imports climbed to 298,877 tons, compared with 207,443 tons in the same period last year. The consumption dropped slightly from 892,465 tons to 888,520 tons. The Rubber Bureau also announced that as of the end of February, India's rubber stocks were 246,000 tons.
China Association of Automobile Manufacturers announced that China's auto production and sales in February decreased compared with the previous month, showing a rapid growth year-on-year, of which sales increased by 17.84% year-on-year to 1,596,400 units. In January and February, automobile production and sales increased by more than 10%. In the first two months, sales volume increased by 10.73% to 3,752,900 units. In addition, automobile production in February was 1,367,500 units.
In the spot market, the natural rubber market in Shanghai is narrowly arranged, and the inquiry atmosphere is acceptable. The actual buying is slightly cautious. The current quotation is as follows: Hainan, Yunnan state-owned full latex report 15100-15200 yuan / ton; Hainan state-owned milk 14200 yuan / Tonne (12 years of plastic); Yunnan State-owned standard two reported 14200 yuan / ton; Yunnan private standard two reported 14,000 yuan / ton, Hainan private SCR5 # reported 14,000 yuan / ton. Thailand 3 #烟片17 tax reported 15600-15700 yuan / ton; Vietnam 3L plastic 17 tax reported 15200-15500 yuan / ton.
关注官方微信