The hottest rubber price adjustment is limited, an

2022-08-13
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Rubber price adjustment is limited, and the rise is still a trend

affected by the positive U.S. economic data over the weekend, the Shanghai Rubber 1205 contract opened 28800 higher on March 12. After that, the price once returned to mean that the ripple fell to 28475, then remained volatile, and closed higher at 28795. At the same time, the 1209 contract began to increase its position significantly over the weekend. After opening 28350 today, the price remained volatile, and was higher in the late trading, closing at 28460

at present, the rubber price has risen from a low level. Although there is still a callback risk, it still tends to rise in the long run due to the impact of demand

macro liquidity release and crisis coexist

internationally, the Central Bank of Brazil announced last weekend that it would reduce the target interest rate from 10.5% to 9.75%, and the interest rates of other countries remained unchanged. According to the latest statistics released by the U.S. Department of labor, the U.S. unemployment rate remained unchanged at 8.3% in February, continuing to be at a three-year low; In the same month, the number of non-agricultural jobs in the United States increased by 227000, an increase for the third consecutive month

domestic data released by the Central Bank of China recently showed that RMB loans increased by 710.7 billion yuan in February, an increase of 173 billion yuan year-on-year

on the one hand, it is the release of international liquidity. On the other hand, the continuous recovery of the U.S. economy has also increased the optimism in the market. However, the U.S. export data shows that the U.S. trade deficit in January increased by more than 4% to $52.6 billion. At present, the dollar is still high. In order to reduce the deficit, we must take measures such as liquidity stimulation or lowering the exchange rate. Therefore, in the long run, whether the international liquidity release or the U.S. economic trend will still bring opportunities for the rise of bulk commodities

however, we should also note that although the replacement of Greek bonds is basically completed, it does not mean that its debt problem has disappeared, and China's import data also reveals to us that the domestic economic slowdown will continue to threaten the rise of commodity prices

continued expansion of the downstream automotive tire industry

in terms of vehicle sales in February, Toyota Motor Corporation said that the sales volume of its two joint ventures in China jumped to 66800, an increase of 51%. The sales volume of light vehicles in Russia totaled 206873, with a year-on-year increase of 40718. The sales volume of new vehicles in Indonesia was 85824, with a year-on-year increase of 23.3%. The statistics of China's automobile industry show that the domestic automobile sales volume also rebounded in February

in Europe, the Italian car market continues to be depressed, with 130661 new car registrations in February, a year-on-year decrease of 19%

in general, the auto industry still shows an increase in production and sales in emerging market countries, while Europe fell back. On the whole, production and sales in February are still good

in terms of tires that raise the working piston by one section, Apollo plans to build a new tire factory in Western Europe within five years to produce passenger car tires with constant deformation control. Bridgestone company has built a large construction machinery radial tire factory for mining vehicles in Thailand. In the first half of 2015, the production capacity is expected to reach about 85 tons/day

the tire industry continues to expand, which also creates favorable conditions for the rise of rubber in downstream demand

the price of raw materials in Thailand rose

at present, the quotation of rubber raw materials is 109.3 baht/kg, No. 3 cigarette 112.75 baht/kg, latex 110 baht/kg. There was an increase of 0..52 baht/kg compared with the previous trading day. Meanwhile, affected by the optimism in the market, the spot price of uss3 rubber in Thailand rose to 108 per kilogram last Friday 90 baht

domestically, the General Administration of Customs of China announced on March 10 that China imported 150000 tons of natural rubber in February, an increase of 36% over the same period last year. The operating rate of downstream factories is relatively general, but the overall demand is still picking up

swap

last Friday, 1209 positions began to rise significantly. Generally speaking, due to the large contract adopted by 1209 contract and the influence of position restrictions and other factors, it will curb the trading volume to a certain extent and make the risk relatively concentrated. At present, its trading volume and position are still rising, but we still need to wait and see a little, and we also need to be cautious if we want to operate

to sum up, the Shanghai rubber market is still rising, supported by the external market data. The 1205 contract is subject to the 10 day moving average today. Below, it is confirmed that the early short jump position has been filled, and the shadow line at the close is very long. There may be some resistance in the early price intensive area of 28900. Affected by the exchange of contracts, the price of 1209 contract was further boosted, and the graphic shape was better than that of 1205 contract, supported by 28000 integer digits, and there may be resistance around 28500

driven by economic data and demand recovery, rubber is still expected to rebound. However, as the European economic problems will still have an impact at all times, investors should still be relatively cautious in their operations

with the passage of time, in the long run, the strength and wear resistance are added by appropriate international heat treatment processes (quenching and tempering, carburizing and quenching, etc.) Sometimes, special steel is inlaid at the jaw, or steel sand is sprayed on the jaw surface Demand growth will drive its prices up

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