0509 to close at 16,080 yuan / ton, up 85 yuan / ton; 0510 at the main 16,265 yuan / ton, up 120 yuan / ton; 0508 to close at 15,975 yuan / ton, up 80 yuan / ton. 0511 to close at 16,370 yuan / ton, up 210 yuan / ton. 0508 full-hand transactions 696, 468 positions to reduce hand in hand to reach 2146. 0509 traded hands 5256, 1054 positions to reduce hand in hand to reach 8066. 0510 major contract in hand 49,352, an increase positions 2686 to reach 14,832 hand in hand. 0511 traded hands 2622, to increase their holdings in 1964 to reach 656 hand in hand.
Singapore Price 1705 U.S. dollars / ton, up 5 U.S. dollars. Thailand Spot Price 1683 U.S. dollars / ton, up 30.5 U.S. dollars.
Overseas supply and demand report
Thailand's third largest rubber exporter, said, "because of the demand, especially increased demand from China, prices are expected to be maintained at a high level." Thai Rubber Association said that if the drought in the southern part of mitigation before the end of August, the supply may be A few months to improve. Unrest in southern Thailand 19 months ago, has so far killed at least 810 people were killed.
The world's second largest producer in Indonesia have tight supply, by between 4 to September weather the effects of drought. Indonesia's major rubber producing areas of North Sumatra to reduce production due to a number of farmers hope to return as soon as possible, and the palm switch.
The world's third largest rubber producing countries of Malaysia supply situation than it does not get a good number of countries. In India, by the rainy weather, Jiaojia since last month rose by nearly 7 percent.
Rubber Trade Association of Japan said Friday that as of July 10 non-Japanese rubber warehouse inventories fell to a record low of 9317 tons more than on June 30 9852 tons reduction of 5.4%. Yokohama, Japan, the tire company recently announced that its tires card , The bus tires and light truck tire business of selling price, from June 1 will be increased from 5% to 6%. Other types of tire prices will be adjusted. Detailed price list price will reach around the dealer. Oil prices continued to rise sharply, rising energy prices, transport costs and social costs, is the main reason for the price.
Italy's Pirelli Tire North America announced that it in the United States and Canada, sales of car tires and light truck tires from June 1 from 5% price increase. According to industry sources, the recent major U.S. tire manufacturers have increased the prices of its tires, and Pirelli is the price at the latest.
Synthetic natural rubber prices to the pricing in line
Thai Prime Minister Thaksin Shinawatra has said: to do our best to push rubber prices up to 60 baht per kilogram (that is 1500 U.S. dollars per ton). Thai rubber by the end of June to offer the spot has reached 1498 U.S. dollars per ton, basically Thai Prime Minister. The new goal is to weaken the yen and crude oil prices are expected to become a good impetus to speculation fund will be to the natural rubber price is the same pricing Synthetic Rubber Company of the three countries to form logic.
Hu Jiao main contract consolidation 16,200 yuan in 0510, are on the spot price of 16,000 yuan more than meet the needs of the time, like copper from 19,000 yuan to 23,000 yuan, when the fundamentals are very good, when the stock prices of companies agree that when suddenly Looking back, that copper has reached 27,000 yuan. Investors should control the position, patiently waiting for the price of natural rubber to the Synthetic pricing in line.
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