Natural rubber prices have been high after the recent rebound. JOYOU Information Analyst Ding Helong said that at present, the market pushed up the momentum is too large, the downstream market recent sales performance is acceptable, the United States has not been too much "double reverse" case, coupled with the current market HuJiao strong impulse, so far, HuJiao futures exceeded 11000 yuan / ton, and still continue to rush high momentum.
China General Administration of customs data show that in May natural rubber (including latex) imports of 193226 tons, a decline of 9% over the same period last year, an increase of 38%; 1~5 month imports of $1010495, an increase of 3.8%. May synthetic rubber (including latex) imported 271956 tons, a decline of 7%, an increase of 91% over the same period; 1~5 month import volume of 1261805 tons, an increase of 97%.
On Friday HuJiao futures strong move, the main 1609 contract closed at 11015 yuan / ton. Although the futures market sharply higher, but still relatively low, million mark has a strong support. At present, the downstream market has not been too much blow, heavy truck sales in May increased significantly, the downstream demand is still acceptable. Although some parts of the mentality is still maintained, but overall, the tire market is still paid a qualified answer. The domestic production of plastic zone gradually cut open, increasing the supply of raw materials, to some extent alleviate the rubber market excessive supply pressure, and is currently in Qingdao Free Trade Zone stocks significantly reduced, to some extent to stimulate the sales of new rubber.
Hualian futures analyst said that the natural rubber producing countries Alliance (ANRPC) outlook for the whole year of global rubber production and sales are not optimistic, the overall industry is still in the doldrums. The short-term rebound, once stagflation consider short rallies. Short term reference pressure and put the vacancy 11000 yuan / ton, the medium-term reference pressure and put the vacancy of 12000 yuan / ton.
Ding Helong said that at present, the natural rubber industry shock interval is larger, more cautious attitude, purchase situation is less, and the market good news Nellie coexist, rubber rubber prices will continue to maintain the main shock. Suggested that the industry to expand the range of shock amplitude.