The hottest futures of Luzhou Stock Exchange opene

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LUZHENG Futures: Japanese rubber opened higher and went lower, while Shanghai Rubber rose slightly.

I. summary of trading in the previous trading day

the 0811 contract of Shanghai Tianjiao futures fluctuated at a high level yesterday, opened sharply higher, fell rapidly after the opening, gained support at the front line of 23300, and fluctuated widely. In the afternoon, there was a wave of rapid rise due to the movement of Japanese tape, and then fluctuated lower. The friction coefficient of sintered iron in the end was higher than that of several materials mentioned above, and closed at 23385 yuan/ton, Up 0.47%. The trading volume decreased compared with the previous day, and the position increased. The trend of Shanghai Tianjiao futures 0809 contract was stronger than that of 0811 contract, the trading volume increased slightly, and the position continued to decrease. The Japanese glue fell after the close

II. Recent fundamentals

Ministry of Commerce reported on August 28 that due to the promising market prospect of rubber products in the international market, the Indonesian government is preparing to expand the rubber planting area, plans to expand the rubber planting area from the current 60000 hectares to 85000 hectares, and plans to make the rubber area reach 300000 hectares by 2010. In 2007, Indonesia exported 4.6 billion dollars of rubber, accounting for 40% of the total export of agricultural products (17.40, -0.05, -0.29%, bar). The report released by the Indian rubber authority on Monday said that India's monthly synthetic rubber production increased by 3.2% year-on-year, but the increase in demand from auto tire manufacturers led to an increase in rubber imports. The report shows that India's monthly synthetic rubber production totaled 16997 tons, compared with 16475 tons in the same period last year. The international rubber study group lists India as a rubber consumer. At present, its annual rubber consumption ranks fourth in the world, but India is likely to replace the United States as the second largest rubber consumer. According to IRSG statistics, India's rubber consumption in 2007 was 1.141 million tons, accounting for 5% of the total global consumption. IRSG predicts that India's rubber demand will reach 2188000 tons by 2020, accounting for 7% of the total global demand

in the first half of 2008, China exported 160million tires, worth $3.94 billion, with a year-on-year growth rate of 17.6 percentage points and 18.6 percentage points, respectively, and the growth rate fell significantly. In February 2008, China's tire exports reached 22.7 million, with a year-on-year decrease of 0.2% for the first time in many years. Since then, the monthly export volume has rebounded, with a stable growth rate of about%, but by June, the monthly export of Chinese tires was 28.35 million, with a year-on-year decline of 4.3%. With the rapid rise in the prices of resources such as oil, the prices of the main raw materials for manufacturing tires, such as natural rubber, synthetic rubber, carbon black and steel wire, are running high. Coupled with the impact of the reduction of the tire export tax rebate rate from 13% to 5%, the rapid appreciation of the RMB and the strengthening of resources and environmental protection management by the state, the profit space of the tire industry is squeezed, The advantage of "low cost and low price" of Chinese tires in the international market is gradually lost, and the export power of tire enterprises is significantly weakened. In recent years, due to the relaxation of China's restrictions on the proportion of foreign investment in the tire industry, the expansion of foreign-funded enterprises' business in China has gradually become a climate. International giants such as Bridgestone, Hantai, Jinhu and Jiatong have shown strong interest in occupying the Chinese market. However, more than 600 local tire enterprises in China will be squeezed to become the largest MDI production and Service Mall in the world in two cities at home and abroad due to factors such as weak foundation, backward technology and insufficient funds. The prospect of industry development is worthy of attention

for spot goods, please refer to the following table:


date product code/name trading volume average price highest price lowest price rise and fall

CNR/concentrated latex 34

2008-2020 scrg/clear glue

scr5 (R)/5# milk standard 5

Haikou trading hall

date product code/name trading volume average price highest price lowest price rise and fall

CNR/concentrated latex 43

scrg/clear glue

scr5 (R)/5# milk label 5

Guangdong trading hall

date product code/name trading volume average price highest price lowest price rise and fall

CNR/concentrated latex

III. operation suggestions

Japanese rubber opened high and went low yesterday. The recent trend of natural rubber is basically consistent with that of crude oil, and traders are more concerned about the recent recovery of crude oil. The pressure above Shanghai Jiaotong is still heavy, and the pressure of profit taking increased after several days of volatility, resulting in the final negative in the late trading, with up and down shadow lines, and the short-term trend direction needs to be determined. From a technical point of view, the Shanghai Jiao 0811 contract fell yesterday under the pressure of the 10 moving average position. The main negative factors of rubber fundamentals have not changed substantially. The unrest in Thailand may affect rubber supply, but it also raises market concerns about the changes in the value of currencies in Southeast Asia. The rubber supply increased in August, and the growth rate was not as large as the market expected. The supply should continue to grow in September. The trend of 09010903 contract shows signs of gradually becoming active

after the operation construction enters the new normal: it is expected that Shanghai Jiaotong will open low today. If it rebounds after the low opening, it can rely on 23300 front-line short-term operation

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