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Oct 31, 2008

International Futures: natural rubber vibration unclear after high rise gradually

Today, a wide Hujiao shock, the pattern of high city. Fundamentals, Yunnan domestic production of rubber trees, including a total of close to 50,000 tons, with the output reduction, the price may be driven by demand for stable re-entry into the trend of rising. Investors can pay close attention to the latter part of the opportunity to rise.
Increasingly strong trend in the international market. November shipment of Thailand 3 Yan Pianjiao RSS3 reported 186-187 cents per kilogram, close to 185 cents; standard tire rubber STR20 reported cents per kilogram 186-190, Friday reported that 185 cents , FOB Bangkok. November shipment of Indonesia-class standard tire rubber SIR20 reported 182.43 cents per kilogram, close to 174.71-175.82 cents.
Technology prices began to surface a long form of RU701 main contract rose 110 points to 20,390 points the last two months the creation of a new high closing price of the current futures price of 20,000 after breaking two consecutive trading day price at around 20,000, if the latter part of a firm in a row Three trading days in graphic, the price began to set up the break. A short period of 5-30 days at the price has been above the average, along with the price and trading volume also increased their holdings, today RU701 positions in 4010 to increase hand in hand to reach 46,582 this year, a relatively high level. Trading was active markets have continued to rise in the latter part of the possible.
Relative, the Tokyo rubber disk has a relatively weak strength. Tokyo rubber disk to 234.9 today offer relatively higher yesterday, 3.9, recovered yesterday, the long lost. But on the whole the market is still in shock 200-240 range, for the time being no apparent breakthrough in the outer disk of the rising trend has yet to be verified.
Bad: weaker crude oil, or will have an impact on rubber prices. Crude oil fell again to 18 to about 58 U.S. dollars, oil prices will continue to weaken a direct impact on the Synthetic prices, this would indirectly put pressure on the demand for rubber. At the same time, Hu Jiao stocks last week also increased to a high this year, rubber prices may have suppressed. But this is one aspect of the most important remains of the rubber supply and demand changes, have expressed concern over the late changes in demand on the very important area of sales from the current factory production, consumption running at a normal market, demand has remained strong.
On the whole: the price in June fell to 18,000, the futures market has been in shock pattern of the amendment. In the energy accumulated more than three months, and months after the completion of the exchange. Stop the use of cutting period, as well as increased demand factors such as speculation, the price could rise again to start the trend, not yet verified the current breakthrough, the latter concern.

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