Domestic demand is slowing and rubber futures fell to a record low

On January 7th, big news triggered a slowing domestic demand market panic.Futures markets down than up, less drop rubber futures in the lead.


Rubber main contract. 7, 1405 opened at 17575 points, to maintain low shock, to close a wave of the diving, and finally closed at 17245 points, down 3.01%.In trading, clinch a deal the 439186 hands throughout the day, position 226854.Rubber main contract downward trend has been clearly established, combined with the weak demand, empty single can rest assured.


On January 3, natural rubber, latex at 17800 east China to 17800 yuan/ton, Thailand 20 standard glue at $2310 to $2360 / ton, Malaysia 20 standard glue at $3200 to $2360 / ton, Qingdao bonded area's standard 20, reported $2300 to $3100 / ton.Thailand tobacco sheet at $2490 to $2530 / ton.In terms of composite adhesive, Thailand standard plastic or composite plastic price of 16497 yuan/ton;Thailand piece of gum or tobacco smoke compound rubber price of 17782 yuan/ton.According to the rubber manufacturers association (RMA) has predicted that 2014 U.S. tire shipments total demand for 302 million, up almost 2% compared with last year.Another, according to the China association of automobile manufacturers to November, 2013 in mainland China car accumulative total production volume of 19.99 million and 19.86 million respectively, year-on-year growth of 14.3% and 13.5%, 9.8 and 9.5% grow faster than the same period last year.


Future, expected rubber bullish factors is ready for the Spring Festival, the whole latex was started in late November 2013 stop cutting, the purchasing and storage.Negative is Thailand production of seasonal growth, the high inventory of the previous period, the warehouse receipt continues to increase, the store/store allows 2014 new glue, Qingdao bonded area library circulation restrictions lead to the traders spot.At the same time, because the rubber output growth is greater than the consumer, the rubber, the situation of excess production capacity in the short term is difficult to improve the rubber producers in Thailand, Indonesia, Malaysia and Vietnam rubber prices down further.For the domestic spot market, the market offer continued to slide, downstream demand is weak, the factory real single light volume.In terms of supply and demand, international market supply of rubber is constantly increasing, the supply of domestic latex into the seasonal atrophy.In December of 2013, China's manufacturing PMI data, according to the real economy recovery, lead to the spot market overall weak demand, spot prices falling.From the technical side, Shanghai rubber 1405 contracts below 5 daily average line line, seeking short 17000 first-line support, advice based on 5 daily average line on every high short light open trade, to break the 17400 mark for the stop.