Despite the tapping into the season, but due to strong consumption, the spot is still strong Jiaojia prompted by the Shanghai Rubber vulnerable to a strong rebound. As of May 10, Shanghai, the main rubber RU607 contract was a breakthrough 24,000 yuan (price tons, the same below), and in the vicinity of the strong fluctuations. The Rising of the international financial market turmoil, significant appreciation of the yen, Tokyo rubber prices lead to more strong.
Plastic inside and outside the city continued to supply tension
Although the value of tapping season, but the international natural rubber production in the short term can not be increased. Thailand to the three central market volume of raw materials, for example, average daily trading volume in March was 200 to 300 tons in April and so far it has reduced to less than 100 tons, even if the increase in May, or will be limited. This speculation, Indonesia, Malaysia, Vietnam, and other natural rubber producing countries rubber output growth in the seasonally slow, gradual pressure to increase supply. Last year, as a result of domestic large-scale disaster-stricken areas in Hainan, Yunnan Jean Jean-producing areas appear small supply of Yunnan large abnormal situation. Not to re-stock the spot market, in April Jean-producing areas of Yunnan, the average daily volume of spot Guadan of 150 tons and 500 tons in May even if the market grew 20% of the estimated daily volume of Joan Yunnan Guadan areas only To increase to 180 tons and 600 tons.
Supply and demand leading up Jiaojia
Tokyo rubber in recent Stage financial characteristics show that intense period of price shocks; Shanghai and rubber are subject to tight supply and demand impact of unilateral into the rally, the trend was stronger than that of Tokyo rubber. As the Shanghai rubber glue to 5 standard for the subject of the transaction, the cash-producing areas of Yunnan and Hainan Jiaojia closely linked, and therefore subject to non-financial factors of supply and demand less. However, the city of Tokyo rubber precipitate a great deal of international speculative capital, leading to the complex factors, many subjects speculation, sharp fluctuations in the price movements repeatedly. As the yen to appreciate against the dollar, Tokyo rubber Tandi picked up, 'May 1' after the period of the contract price of 250 to 260 yen / kg or so, than before rising 10 yen / kg. Taking into account the Japanese yen against the dollar by about 114:1 up before the post of 112:1, resulting in the Tokyo rubber from the actual price of 211 ~ 219 cents / kg up to 223 ~ 232 cents / kg, the relative yield is currently Thailand RSS3 rubber District No. 218 spot cents / kg price, the premium to narrow in the near future contracts, forward contracts by the reversal of premium for the premium. As a result, the Tokyo rubber futures prices rose a double. Taking into account the area between the production and sales basis, a view of the Shanghai Rubber prices also appear on the current situation premium, even if the premium, the rate is still relatively small. The early period is already upside down to the Shanghai stock rubber warehouse receipts and reduced volume of 6 weeks in a row and by 49,275 tons and 41,945 tons reduced to 30,645 tons and 34,380 tons, respectively, or a total of 14,895 tons and 11,300 tons, and consumption that are stationed in The futures market in real terms.
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