------------------------------------------------------------------

Oct 29, 2008

Natural Rubber Market Review 5 / 8

Dynamic areas: a standard plastic: Ken Grace, 14 single-farm, 886 tons. 1 single 105 tons, the highest price of 16,600 yuan / ton; a single 42 tons, from 16,550 yuan / ton; 12 single 739 tons, from 16,500 yuan / ton. Average 16,514 yuan / ton. Hainan Land Reclamation rubber price in the transaction closed around 10:15 noon. Today, state farms in Hainan Guadan of various types of glue, more varieties the last trading day increased, but the market is very quiet, no transactions.

Main middle market quotation: Indonesian rubber 20 standard plastic market closed yesterday to close at U.S. 1508, 509 Thai rubber market contract Tuesday to close at 69 baht, down 2.2 baht, Singapore rubber TSR20 contract 509 to 150 U.S. dollars Tuesday to close down 2.25 U.S. dollars, the international high rubber shock.

Dynamic sales areas: today around the offer to maintain stability, national standard in Shanghai I quote in the mainstream of 16,800 yuan / ton, Shandong One national standard offer in the mainstream 16700-17000 yuan / ton, Fujian One national standard offer in the mainstream 16800-17000 yuan / Ton. Downstream manufacturers in the face of sharply higher prices, slow procurement, dare not rashly in the middle link in procurement. Market sources also more limited restrictions on transactions in general by this situation.

Dong Jingjiao: a narrow range of state of shock, in January contract opened lower than the previous 0.1 yen to 182.5 yen Open, Chong Gao was down in early trading, after the extension of finishing concussion, the highest intraday touch 184.3 yen, the lowest 180.3 yen , To close at 183.5, than in the previous session up 0.9 yen. Spot contract in August to close at 200.5 yen, down 0.3 yen a close, Dong Jingjiao high drop on average by 5,10 repression in the short term there are so suspect in the head.

Hujiao: a contract in October to 16,400 high-opened to a maximum 16,660, after the fall affected by the Dongjing Jiao, Hu Jiao follow down into the support, the minimum exploration 16,160, after a strong rebound, closed to close at 16,470, than in the previous session settlement 85 yuan price and the volume of 175,828 hand, an increase of 576 positions to 21,830 hand in hand.

Analysis of the afternoon: Hu Jiao from the recent weakness of the movement, suppressed by buying short, sharp decline disk. At low long recovered slightly to close at Price rebound, supported by high spot in the next few days will be gradually raised to absorb again, still looking forward to a new high. Although the cash point of view a slight improvement in the supply of raw materials, it is still not sufficient to meet strong demand, the current source of rubber in the international market is quite tight, Thailand over the next few days, natural rubber prices will remain strong, so strong on the spot shortly after the period of price Have a certain amount of support.

Is expected to: Jiaojia the next few days will continue to test the inertia of decline gradually absorb funds rebound after rebound.

No comments: